Elbit Systems Wins $130 Million Contracts to Supply Artillery Ammunition Production Line in Asia-Pacific Country | News

HAIFA, Israel, March 27, 2022 /PRNewswire/ — Elbit Systems Ltd. (NASDAQ: ILEC and TASE: ILEC) (“Elbit Systems”) announced today that it has been awarded contracts with an aggregate value of approximately $130 million deliver an artillery ammunition production line to a country Asia Pacific. The contracts will be executed over a period of 2.5 years.

Under the contracts, Elbit Systems will construct a turnkey industrial complex for the improved manufacture of artillery ammunition.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systemssaid: “This contract award attests to the quality of our portfolio and our proven ability to achieve technological cooperation in partner countries..”

About Elbit Systems

Elbit Systems Ltd. is an international high-tech company engaged in a wide range of defense, homeland security and commercial programs around 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 link and communication systems, radios, cyberspace-based systems and munitions. The Company is also focused on upgrading existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training systems and simulation.

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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 of 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), insofar as these statements do not relate to historical or current facts. Forward-looking statements are based on management’s current expectations, estimates, projections and assumptions regarding 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 his activities. Accordingly, actual future results, performance and trends may differ materially from these forward-looking statements due to a variety of factors, including, but not limited to: the scope and duration of contracts with customers; government regulations and approvals; changes in government budget priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and United States among others; changes in global health and macroeconomic conditions; differences between planned and actual program performance, including the ability to execute 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 exhaustive and further information is contained in the latest annual report of Elbit Systems Ltd. on Form 20-F, which is filed with the United States Securities and Exchange Commission. All forward-looking statements speak only as of the date of this release. Although the Company believes that the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Further, neither the Company nor any other person assumes responsibility for the accuracy or completeness of such forward-looking statements. The Company does not undertake to update its forward-looking statements.

Elbit Systems Ltd., its logo, brand, products, services and process names appearing in this press release are trademarks or service marks of Elbit Systems Ltd. or its affiliates. All other brand, product, service and process names appearing are the trademarks of their respective holders. Reference to or use of any product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, endorsement, affiliation or sponsorship of this product, service or process by Elbit Systems Ltd. Nothing 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.

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SOURCE Elbit Systems Ltd.