December 2, 2020 | International, Aerospace
Haifa, Israel, November 29, 2020 – Elbit Systems Ltd. (NASDAQ: ESLT, TASE: ESLT) (“Elbit Systems” or “the Company”) announced today that it was awarded a contract valued at approximately $96 million to supply a European country with a Rotary-Wing Mission Training Center (“Rotary-Wing MTC”) and support services to train its Air Force, Army and Navy helicopter pilots and crews. The contract will be performed over a nine-year period, with an option to extend the maintenance services for an additional 10-year period.
The Rotary-Wing MTC is a networked multi-platform, mission-oriented, helicopter training center that will provide multi-level training for helicopter pilots and aircrews across the customer's Armed Forces. The new training center will enable realistic simulated tactical training using all of the helicopter's systems in a wide variety of mission scenarios. The Rotary-Wing MTC draws on the unique technologies and accumulated operational experience of the Company's fighter aircraft tactical mission training centers.
Yoram Shmuely, General Manager of Elbit Systems' Aerospace Division commented: “This contract highlights the growing importance that Armed Forces place on leveraging proven technologies to enhance readiness while reducing costs.”
About Elbit Systems
Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance (“C4ISR”), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios, cyber-based systems and munitions. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems. For additional information, visit: https://elbitsystems.com/, follow us on Twitter or visit our official Facebook, Youtube and LinkedIn Channels.
Contacts:
Company Contact:
Joseph Gaspar, Executive VP & CFO
Tel: +972-4-8316663
j.gaspar@elbitsystems.com
Rami Myerson, Director, Investor Relations
Tel: +972-77-2946403
rami.myerson@elbitsystems.com
David Vaaknin, VP, Brand & Communications
Tel: +972-77-2946691
david.vaaknin@elbitsystems.com
IR Contact:
Ehud Helft
Gavriel Frohwein
GK Investor Relations
Tel: 1-646-688-3559
elbitsystems@gkir.com
This press release may contain forward‑looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management's current expectations, estimates, projections and assumptions about future events. Forward‑looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company's future financial results, its anticipated growth strategies and anticipated trends in its business. Therefore, actual future results, performance and trends may differ materially from these forward‑looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward‑looking statements speak only as of the date of this release. Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements.
Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this Press Release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies. All other brand, product, service and process names appearing are the trademarks of their respective holders. Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.
View source version on Elbit Systems: https://elbitsystems.com/pr-new/elbit-systems-awarded-96-million-contract-to-supply-a-rotary-wing-mission-training-center-to-a-european-country/?pageid=PR%20-20%20News
May 4, 2021 | International, Aerospace
The US government has approved the sale to India of further Boeing P-8I Neptune maritime multimission aircraft (MMA). Subject to Congressional approval for its latest request, the Indian Navy will field 18 P-8I Neptune MMAs under its current...
August 16, 2019 | International, Naval
Aug. 15 (UPI) -- The U.S. Navy continues to build up its unmanned vehicle programs, issuing a request for proposals for the corvette-sized Large Unmanned Surface Vehicle. The Naval Sea Systems Command on Wednesday issued the RFP, with plans to award multiple conceptual designs for the LUSV, one of three new types of unmanned vehicle the branch is looking to develop. The RFP, first reported by USNI News, starts a move from the two-hull Ghost Fleet into an actual ship-building program. Interest in the program is strong, as an industry day earlier this year attracted about 80 companies that are considering jumping into the program. NSSC said in the request that the LUSV will be a high-endurance, reconfigurable ship to augment the Navy's surface force, and take on a variety of warfare operations either on its own or with manned surface combatants -- and it is expected to be semi- and fully-autonomous, depending on its mission. The Navy is pushing to develop three separate unmanned vehicles -- the LUSV, a medium unmanned surface vehicle, and the extra-large unmanned undersea vehicle -- and requested $628.8 million from Congress in its 2020 budget for the programs. An RFP for the medium vehicle was issued in July, and Boeing is already at work on the XLUUV program. https://www.upi.com/Defense-News/2019/08/15/Navy-requests-proposals-for-Large-Unmanned-Surface-Vehicle/5881565890289/
May 20, 2022 | International, Aerospace, Naval, Land, C4ISR, Security
DÉFENSE La Commission européenne propose une exonération de TVA sur les investissements groupés dans le domaine de la Défense En 2021, les Etats européens consacraient 220 Md€ à leur Défense et promettent encore d'en augmenter les investissements. La Commission a remis en garde mercredi 18 mai contre des investissements sans coordination européenne, qui pourraient aboutir à un immense gaspillage. Quand tous les Etats respecteront la règle de l'OTAN des 2% du PIB investis dans la Défense, 67 Md€ supplémentaires seront investis chaque année par les Etats européens. Josep Borrell, le haut représentant aux affaires étrangères et à la sécurité, a souligné hier « Si les 27 augmentaient de façon homothétique leurs dépenses sur une base nationale, on aboutirait à un énorme gaspillage d'argent, sans aucun gain de sécurité, puisqu'on aurait toujours une structure militaire déformée comme aujourd'hui ». Le gaspillage serait d'autant plus grand que les membres de l'Union achètent à plus de 60% leur matériel militaire à l'étranger. « Le plus important, c'est comment investir », a déclaré la présidente de la Commission européenne, Ursula von der Leyen. La Commission propose une task force et un premier fonds d'urgence de 500 M€ pour inciter les Etats membres à de l'acquisition conjointe. Et cet automne, pour inciter les Etats membres à coordonner leurs investissements, elle proposera aux chefs d'Etat « une exonération totale de TVA pour les achats groupés de matériel militaire européen » a annoncé Ursula von der Leyen. Ces propositions avaient été demandées par les chefs d'Etat européens lors du sommet de Versailles de mars. Elles seront discutées fin mai, lors du Conseil européen. Le Figaro et Les Echos du 19 mai