L3Harris Hawkeye III Lite Delivers High-Data Satcom for the U.S. Army

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  November 4, 2019 | International, Aerospace

  Elbit Systems Awarded $50 Million Contract by the Portuguese MoD to Provide a Complete EW Suite for New KC-390 Aircraft

  Haifa, Israel, October 31, 2019 – Elbit Systems Ltd. (NASDAQ: ESLT, TASE: ESLT) (“Elbit Systems”) announced today that it was awarded a contract valued at approximately $50 million from the Portuguese Ministry of Defense (MoD) to supply the Portuguese Air Force (“PtAF”) with a complete Electronic Warfare (EW) suite and Customer Logistics Support for the new KC-390 multi-mission aircraft. The contract will be performed over a five-year period. Under the contract, Elbit Systems will supply the PtAF's KC-390 aircraft with a complete EW suite comprised of Radar and Laser Warning Systems, IR Missile Warning System, Countermeasures Dispensing System, a Directional IR Countermeasures (DIRCM) system and Active ECM (AECM) POD system. Edgar Maimon, Executive Vice President and General Manager of Elbit Systems EW and SIGINT - Elisra, commented: “The Portuguese Air Force is a long-standing strategic partner of Elbit Systems and we are proud of this contract award to provide enhanced survivability for their new fleet of KC-390 aircraft”. 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: [elbitsystems.com]elbitsystems.com, follow us on Twitter or visit our official Youtube Channel. This press release contains forward‑looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current fact. Forward-looking statements are based on management's expectations, estimates, projections and assumptions. 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 and uncertainties, which are difficult to predict. 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; 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. 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. Visit our Press Relations website for background materials and information regarding Elbit Systems fields of activity. David Vaaknin Vice President, Head of Corporate Communications Tel: 972-77-2946691 Cell: 972-52-8000403 E-Mail: david.vaaknin@elbitsystems.com Dana Tal-Noyman Manager International Corporate Communications Tel: 972-77-294-8809 Cell: 972-54-9998809 E-Mail: dana.tal@elbitsystems.com

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  October 4, 2019 | International, Aerospace

  Meggitt Awarded $48 million contract for supply of Aerial Weapons Scoring Systems to the US Army

  October 4, 2019 - Meggitt PLC, a leading international company specializing in high performance components and sub-systems for the aerospace, defence and energy markets, has secured an IDIQ contract valued at $48million for the supply of Aerial Weapons Scoring Systems (AWSS) to the US Army. This full-service contract will be supplied by Meggitt's specialist defence division in Irvine, California, and includes product development, training, installation, field and cyber support, maintenance and repairs. AWSS provides essential gunnery training for defence customers worldwide, ensuring safe, efficient operation of targeting systems. “Our AWSS technology enables gunnery crews to simulate real-life defence scenarios, providing essential training and ensuring safe, optimal performance of all equipment. We are proud that our technology has been selected by the US Army and we look forward to working closely with local teams as we roll out our AWSS solution.” said Gerry Janicki, Vice President Strategy for Meggitt Defense Systems Inc. Enquiries: Kathryn Moss Group Director of Communications Meggitt PLC Tel: +44 (0) 7464 677987 Email: press.office@meggitt.com About Meggitt PLC Headquartered in the United Kingdom, this international group operates in North America, Europe and Asia. Known for its specialised extreme environment engineering, Meggitt is a world leader in aerospace, defence and energy. Meggitt employs more than 12,000 people at over 40 manufacturing facilities and regional offices worldwide. https://www.meggitt.com/news/meggitt-awarded-48-million-contract-for-supply-of-aerial-weapons-scoring-systems-to-the-us-army/

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  October 27, 2020 | International, Aerospace

  South Korean study finds Chinook upgrade more expensive than buying new helos

  Brian Kim SEOUL — Research on the long-awaited upgrade of Chinook helicopters flown by the South Korean military shows it would be cheaper to buy new aircraft, according to a local lawmaker. Rep. Min Hong-chul of the ruling Democratic Party revealed the result of the latest preliminary research on the Chinook upgrade during a parliamentary audit of the Defense Acquisition Program Administration on Oct. 20. The lawmaker, who sits on the National Assembly's Defense Committee, said the research concluded in September that the cost of upgrading 17 of the 43 CH-47D Chinook helicopters would be about 1.35 trillion won ($1.2 billion), which is higher than the estimated cost of 1.22 trillion won for buying new ones. The upgrade cost is partly driven by the fact that Chinook manufacturer Boeing no longer produces parts for older variants, like those owned by South Korea, so specially ordered parts could prove expensive, Min said, citing the research conducted by the Defense Agency for Technology and Quality, which is affiliated with DAPA. Furthermore, some Korean military task equipment such as the Korean Variable Message Format data link cannot be installed on the upgraded helos due to incompatibility, the research suggested. “A series of reverses and delays on decision-making have foiled key arms acquisition projects, including the Chinook upgrade,” Min said, expressing concern about an operational gap in military transport trainings and missions. South Korea operates about 50 Chinooks, with some of them in service for up to 50 years. With some parts of the older Chinook no longer being produced, the South Korean fleet's operational rate has suffered, according to the lawmaker. For instance, the Air Force's Chinook utilization rate from the first half of the year was around 40 percent. DAPA is expected to hold a meeting soon to decide whether to buy new heavy-lift helicopters rather than upgrade the existing fleet. But industry sources expect buying new helos would take more time and end up costing more, depending on the variant. “To get Block I CH-47F Chinook cargo helicopters, which have been on the shopping list of the South Korean Army, the letter of offer and acceptance should be issued by July next year at the latest, but it would be very difficult to finalize the decision-making procedures within the timeline,” said Ahn Seung-beom, a military analyst and writer with Defense Times Korea. “[If it doesn't] buy Block I, South Korea has an option to get Block II, which is to be produced for the U.S. Army first, and then it could take more time and costs to get the up-to-date, heavy-lift helicopters.” A source at Boeing told Defense News that both cost and an export license stand in the way of South Korea's CH-47F Block II purchase. “The development of the CH-47F Block II is still underway, so the price cannot be expected at this moment,” the source explained on condition of anonymity. “The U.S. Army has yet to place an order for the new cargo helicopters, so it's unclear how many aircraft would be produced.” It's also unclear if a foreign sale will receive approval, the source added. “The U.S. government strictly controls arms technology, so getting an export license for key weapons systems is a hurdle.” https://www.defensenews.com/global/asia-pacific/2020/10/27/south-korean-study-finds-chinook-upgrade-more-expensive-than-buying-new-helos/