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December 18, 2019 | International, Land, C4ISR
Elbit Systems Awarded $35 Million to Equip Montenegro’s 4X4 Vehicles with Remote Control Weapon Stations
Haifa, Israel, December 16, 2019 – Elbit Systems Ltd. (NASDAQ:ESLT and TASE: ESLT) ("Elbit Systems") announced today that following a contract signed between the Israeli Ministry of Defense and the Ministry of Defense of Montenegro, it was awarded approximately $35 million to supply the Montenegrin Armed Forces with Remote Controlled Weapon Stations (“RCWS”) for the new Oshkosh Defense (“Oshkosh”) 4X4 Joint Light Tactical Vehicles (“JLTV”). In this contract Elbit Systems will perform full integration of the RCWS onboard, the JLTV over a three-year period and will provide logistic support for a seven-year period. Elbit Systems 12.7mm RCWS is lightweight, low silhouette, dual axis and stabilized, mounted externally onboard armored vehicles. The RCWS offers accurate firing on-the-move and is operated via handles and Smart Displays by the gunner from within the vehicle, providing full protection for the vehicles' crew who are safely located inside. Yehuda (Udi) Vered, General Manager of Elbit Systems Land, commented: “We are very proud to introduce our RCWS to Montenegro's Armed Forces. This recent award further expands our NATO customer base and strengthens our growing cooperation with Oshkosh. We are witnessing a growing demand worldwide for our RCWS, of which many hundreds are already operational onboard a range of land and naval platforms, and we trust that further customers will follow in acquiring our advanced and mature weapon stations”. 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 https://www.epicos.com/article/521991/elbit-systems-awarded-35-million-equip-montenegros-4x4-vehicles-remote-control-weapon
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July 6, 2020 | International, Land
US buys additional 248 JLTVs from Oshkosh
By: Aaron Mehta WASHINGTON — The U.S. government has placed a new $127 million order for 248 Joint Light Tactical Vehicles from Oshkosh, the company announced Wednesday. The award would provide JLTVs for the U.S. Army, Marine Corps and State Department. “The JLTV was designed to provide our troops with unmatched mission capabilities,” George Mansfield, vice president and general manager of joint programs for Oshkosh Defense, said in a statement. “And while adversaries, terrains, and tactics have all evolved immensely since the vehicle's conception, the JLTV's flexible design allows the light tactical vehicle fleet to evolve at a similar pace.” This contract is the third order placed in the last seven months for JLTV production. A $407.3 million package for 1,240 vehicles to the U.S. Marine Corps, Slovenia and Lithuania was awarded in February. In December, the company received a $803.9 million award for 2,721 vehicles for the American military and ally Montenegro. Oshkosh beat out Humvee-maker AM General and Lockheed Martin in 2015 to build the replacement for the Humvee for both the Army and the Marine Corps. The low-rate initial production contract was worth $6.7 billion, and the entire program is estimated to be worth $30 billion through 2024. Since a production contract was awarded in 2015, Oshkosh says it has delivered 7,500 total vehicles to the U.S. and partners abroad. In its fiscal 2021 budget request, the Army asked for $894.4 million to buy 1,920 JLTVs. However, that number is down from what had initially been projected by the service; as part of the “night court” process, designed to reprioritize the service's investments and projects, the Army is stretching its planned JLTV buy out in order to reinvest dollars to modernization priorities. https://www.defensenews.com/land/2020/07/01/us-buys-another-248-jltvs-from-oshkosh/