Elbit Systems opens R&D, manufacturing facility in Britain

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  March 11, 2020 | International, Aerospace

  Elbit Systems U.S. Subsidiary Awarded a Contract by the U.S. Air Force to Supply Missile Warning Systems

  Haifa, Israel, March 9, 2020 /PRNewswire/ - Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems") announced today that the U.S. Air Force (USAF) has awarded its subsidiary, Elbit Systems of America LLC. ("Elbit Systems of America"), a firm-fixed-price contract with a ceiling of approximately $471 million over a 10-year period, to equip F-16 aircraft of the U.S. Air National Guard and Air Force Reserve Command, with pylon-based infrared missile warning systems. The contract includes an initial order valued at approximately $17 million. The work will be performed in Fort Worth, Texas. 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 and 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. 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; 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. Contacts: Company Contact: Joseph Gaspar, Executive VP & CFO Tel: +972-4-8316663 j.gaspar@elbitsystems.com Rami Myerson, Director, Investor Relations Tel: +972-77-2948984 rami.myerson@elbitsystems.com David Vaaknin, VP, Head of Corporate 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 View original content:http://www.prnewswire.com/news-releases/elbit-systems-us-subsidiary-awarded-a-contract-by-the-us-air-force-to-supply-missile-warning-systems-301019529.html

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  December 12, 2019 | International, Aerospace

  RFP Reveals Main Thrust Of U.S. Counter-Hypersonic Plan

  Steve Trimble The main thrust of the U.S. Missile Defense Agency's counter-hypersonic strategy has just been revealed. The Regional Glide Phase Weapon System (RGPWS) prototype project demonstrates an interception capability against a medium- or intermediate-range threat. The MDA revealed the existence of the program in a request for prototype proposals released to industry on Dec. 5. An industry day for the RGPWS prototype project is scheduled on Dec. 18 at an MDA facility on Redstone Arsenal, Alabama. The RGPWS shows the MDA is moving faster to field at least a prototype counter-hypersonic capability than previous efforts suggested. The MDA had previously defined a concept for a Hypersonic Defense Weapon System (HDWS). The agency selected 21 proposals from industry in September 2018 for concept definition studies. MDA then down selected to five concepts in late August and early September 2019 for a nine-month-long concept refinement phase. The selected proposals included four kinetic concepts based on existing boosters and one Raytheon-directed energy system. The RGPWS is a parallel effort by MDA to the HDWS. The companies selected for the HDWS concept refinement phase could submit separate proposals for RGPWS. But other companies that were rejected after the concept definition phase or did not participate in HDWS can participate in the RGPWS, says Tom Karako, director of the Missile Defense Project at the Center for Strategic and International Studies (CSIS), who was briefed on the program on Dec. 9. For example, Northrop Grumman's proposal was not down selected for the HDWS concept refinement phase, but it intends to compete for the RGPWS prototype project. “Northrop Grumman is engaged with MDA on Hypersonic Defense Regional Glide Phase Weapon System and will attend the upcoming industry day,” a spokesman says. Northrop has been developing kinetic and non-kinetic options for missile defense, including one concept in the latter category called the Terminal and Regional Electronic Attack Defense System. The acknowledgment of the RGPWS offers a limited glimpse into MDA's development strategy for the burgeoning counter-hypersonic capability. In July 2017, the agency first disclosed plans for funding a hypersonic defense demonstration. An item in the Selected Acquisition Reports for the Ballistic Missile Defense System added $508 million to the program's overall budget to pay for such a demonstration. In March 2019, the agency disclosed it would spend more than $600 million on hypersonic defense capabilities by the end of fiscal 2024. By emphasizing a “glide phase” weapon with a “regional” targeting area, the MDA also provided clues about the intent of the demonstration. It does not appear to be targeting an intercontinental ballistic missile with a nuclear hypersonic glide vehicle as the warhead, such as Russia's Avangard. It is more likely designed to target a hypersonic glide vehicle with regional range, Karako says. Options may include hypersonic glide vehicles on China's DF-17 and DF-21 missiles. “That's a good thing,” Karako says. “It's a smart move for MDA to start there.” Separately, the Defense Advanced Research Projects Agency continues to pursue the Glide Breaker program. It was revealed in July 2018 as a program with a particular interest in “component technologies that radically reduce risk for development and integration of an operational hard-kill system,” according to a DARPA solicitation document. But no further details about Glide Breaker have been released. https://aviationweek.com/defense/rfp-reveals-main-thrust-us-counter-hypersonic-plan

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  January 11, 2019 | International, Aerospace

  Embraer and Boeing Welcome Brazilian Government Approval of Strategic Partnership

  SAO PAULO and CHICAGO, Jan. 10, 2019 /PRNewswire/ -- Embraer [B3: EMBR3, NYSE: ERJ] and Boeing [NYSE: BA] have welcomed approval by the Government of Brazil of the strategic partnership that will position both companies to accelerate growth in global aerospace markets. The government's approval comes after the two companies last month approved terms for the joint venture that will be made up of the commercial aircraft and services operations of Embraer. Boeing will hold an 80 percent ownership stake in the new company and Embraer will hold the remaining 20 percent. The companies have also agreed to the terms of another joint venture to promote and develop new markets for the multi-mission medium airlift KC-390. Under the terms of this proposed partnership, Embraer will own a 51 percent stake in the joint venture, with Boeing owning the remaining 49 percent. Once Embraer's Board of Directors ratifies its prior approval, the two companies will then execute definitive transaction documents. The closing of the transaction will be subject to shareholder and regulatory approvals and customary closing conditions. Assuming the approvals are received in a timely manner, the transaction is intended to close by the end of 2019. Forward-Looking Information Is Subject to Risk and Uncertainty Certain statements in this release may be "forward-looking" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the proposed terms of the transaction, the ability of the parties to satisfy the conditions to executing or closing the transaction and the timing thereof, and the benefits and synergies of the proposed transaction, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on current assumptions about future events that may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties and changes in circumstances that are difficult to predict. Many factors could cause actual results to differ materially from these forward-looking statements. As a result, these statements speak only as of the date they are made and neither party undertakes an obligation to update or revise any forward-looking statement, except as required by law. Specific factors that could cause actual results to differ materially from these forward-looking statements include the effect of global economic conditions, the ability of the parties to reach final agreement on a transaction, consummate such a transaction and realize anticipated synergies, and other important factors disclosed previously and from time to time in the filings of The Boeing Company and/or Embraer with the Securities and Exchange Commission. Media Contacts: Chaz Bickers Boeing Communications charles.n.bickers@boeing.com 312-544-2002 Valtecio Alencar Global Corporate Communications Embraer Valtecio.alencar@embraer.com.br 11-3040-6891 SOURCE Boeing https://boeing.mediaroom.com/2019-01-10-Embraer-and-Boeing-Welcome-Brazilian-Government-Approval-of-Strategic-Partnership