HAIFA, Israel , Jan. 7, 2020 /PRNewswire/ — Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems”) appear today that it was awarded an antecedent arrangement from the Production and Procurement Directorate of the Israeli Ministry of Aegis (IMOD) admired at about $31 actor (NIS 109 million), to accommodate Iron Fist Active Aegis Systems (APS) for the Eitan Armored Angry Vehicles (AFV) of the Israeli Aegis Armament (IDF). The arrangement will be performed over a five-year period.
Under the arrangement Elbit Systems will accouter the IDF’s new wheeled AFVs with the Iron Fist Light Decoupled (IFLD) systems. The Iron Fist system uses optical sensors, tracking radar, launchers and antitoxin ammunition to defeat threats at a safe distance. The Iron Fist arrangement provides 360-degree aegis advantage for close-range scenarios in both accessible area and burghal environment. The systems’ high-performance, versatility and negligible balance penetration, as able-bodied as its low admeasurement and weight and affluence of integration, position the Iron Fist as an optimal APS for any angry vehicle.
Yehuda (Udi) Vered, Executive Vice President and General Manager of Elbit Systems Acreage Division, said: “We are appreciative to be in a position to accommodate the IDF with such an important operational capability. This accolade adds to the growing absorption in the Iron Fist by abounding avant-garde armed armament who seek to enhance the aegis capabilities of their AFVs.”
About Elbit Systems
Elbit Systems Ltd. is an all-embracing aerial technology aggregation affianced in a avant-garde ambit of defense, citizenry aegis and bartering programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land, and argosy systems, command, control, communications, computers, intelligence surveillance and assay (“C4ISR”), unmanned aircraft systems, avant-garde electro-optics, electro-optic amplitude systems, EW suites, arresting intelligence systems, abstracts links and communications systems, radios and cyber-based systems and munitions. The Aggregation additionally focuses on the advance of absolute platforms, developing new technologies for defense, citizenry aegis and bartering applications and accouterment a ambit of abutment services, including training and simulation systems.
For added advice visit: elbitsystems.com, chase us on: Twitter, LinkedIn, Facebook or appointment our official YouTube Channel.
This columnist absolution contains forward‑looking statements (within the acceptation of Section 27A of the Securities Act of 1933, as adapted and Section 21E of the Securities Exchange Act of 1934, as amended) apropos Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the admeasurement such statements do not chronicle to absolute or accepted fact. Advanced statements are based on management’s expectations, estimates, projections and assumptions. Forward‑looking statements are fabricated pursuant to the safe anchorage accoutrement of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of approaching achievement and absorb assertive risks and uncertainties, which are difficult to predict. Therefore, absolute approaching results, achievement and trends may alter materially from these forward‑looking statements due to a array of factors, including, after limitation: ambit and breadth of chump contracts; authoritative regulations and approvals; changes in authoritative allotment priorities; accepted market, political and bread-and-butter altitude in the countries in which the Aggregation operates or sells, including Israel and the United States amid others; differences in advancing and absolute affairs performance, including the adeptness to accomplish beneath abiding fixed-price contracts; and the aftereffect of acknowledged and/or authoritative proceedings. The factors listed aloft are not all-inclusive, and added advice is independent in Elbit Systems Ltd.’s latest anniversary address on Form 20-F, which is on book with the U.S. Securities and Exchange Commission. All forward‑looking statements allege alone as of the date of this release. The Aggregation does not undertake to amend its advanced statements.
Elbit Systems Ltd., its logo, brand, product, account and action names actualization in this Columnist Absolution are the trademarks or account marks of Elbit Systems Ltd. or its affiliated companies. All added brand, product, account and action names actualization are the trademarks of their corresponding holders. Reference to or use of a product, account or action added than those of Elbit Systems Ltd. does not betoken recommendation, approval, amalgamation or advocacy of that product, account or action by Elbit Systems Ltd. Nothing independent herein shall be construed as appointment by implication, estoppel or contrarily any authorization or appropriate beneath any patent, copyright, brand or added bookish acreage appropriate of Elbit Systems Ltd. or any third party, except as especially accepted herein.
Contacts: Aggregation Contact: Joseph Gaspar, Executive VP & CFO Tel: 972-4-8316663 [email protected]
Rami Myerson, Director, Investor Relations Tel: 972-77-2946403 [email protected]
David Vaaknin, VP, Cast & Communications Tel: 972-77-2946691 [email protected]
IR Contact:Ehud HelftGavriel FrohweinGK Investor Relations Tel: 1-646-688-3559 [email protected]
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SOURCE Elbit Systems Ltd.
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