FORT WORTH, Texas, Feb. 14, 2018 /PRNewswire/ -- Elbit Systems of
America, LLC was recognized by the Ethisphere Institute as one of
the 2018 World's Most Ethical Companies. Ethisphere is a global
leader in defining and advancing the standards of ethical business
practices.
For 2018, Elbit Systems of America is one of only two honorees
in the Aerospace and Defense industry, underscoring a continued
commitment to leading with integrity and prioritizing ethical
business practices. 2018 also marks the third time that Elbit
Systems of America has been recognized by Ethisphere as one of the
World's Most Ethical Companies. The company was previously
recognized in 2014 and 2015.
"It is a tremendous honor for Elbit Systems of America to be
named for the third time as one of the World's Most Ethical
Companies," stated Raanan Horowitz,
ESA President and CEO. "This recognition underscores our employees'
continuous commitment to operate with integrity and do what's right
for our customers. I am extremely proud of our 1,600 employees.
This recognition is attributable to their shared and deep
commitment to our company culture and values."
According to Ethisphere, 135 honorees were recognized in 2018,
spanning 24 countries and 57 industries. The twelfth class of
honorees had record levels of involvement with their stakeholders
and their communities around the world. Measuring and improving
culture, leading authentically and committing to transparency,
diversity and inclusion were all priorities for honorees.
"While the discourse around the world changed profoundly in
2017, a stronger voice emerged. Global corporations operating
with a common rule of law are now society's strongest force to
improve the human condition. This year we saw companies
increasingly finding their voice. The World's Most Ethical
Companies in particular continued to show exemplary leadership,"
explained Ethisphere's CEO, Timothy
Erblich. "I congratulate everyone at Elbit Systems of
America for being recognized as one of the World's Most Ethical
Companies."
Ethics & Performance
The 2018 World's Most Ethical Companies have proven that
operating with integrity leads to greater financial performance.
Research has found that, when indexed, listed World's Most Ethical
Companies outperformed the U.S. Large Cap Index over five years by
10.72 percent and over three years by 4.88 percent. Ethisphere
refers to this as the Ethics Premium.
Methodology & Scoring
The World's Most Ethical Companies assessment is based upon the
Ethisphere Institute's Ethics Quotient® (EQ) framework,
which offers a quantitative way to assess a company's performance
in an objective, consistent and standardized manner. The
information collected provides a comprehensive sampling of
definitive criteria of core competencies, rather than all aspects
of corporate governance, risk, sustainability, compliance and
ethics.
Scores are generated in five key categories: ethics and
compliance program (35 percent), corporate citizenship and
responsibility (20 percent), culture of ethics (20 percent),
governance (15 percent) and leadership, innovation and reputation
(10 percent). All companies that participate in the assessment
process receive their scores, providing them with valuable insights
into how they stack up against leading organizations.
Honorees
The full list of the 2018 World's Most Ethical Companies can be
found at https://worldsmostethicalcompanies.com/honorees
Best practices and insights from the 2018 honorees will be
released by Ethisphere in a report and webcast in March and April
of this year. Sign up to receive the Ethisphere report.
About Elbit Systems of America, LLC
Elbit Systems of America is a leading provider of high
performance products, system solutions, and support services
focusing on the defense, homeland security, commercial aviation,
and medical instrumentation markets. With facilities
throughout the United States, Elbit Systems of America is
dedicated to supporting those who contribute daily to the safety
and security of the United States. Elbit Systems of America,
LLC is wholly owned by Elbit Systems Ltd. (NASDAQ: ESLT and TASE:
ESLT), a global high technology company engaged in a wide range of
programs for innovative defense and
commercial applications. For additional information, visit:
www.elbitsystems-us.com or follow us on Twitter.
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and
advancing the standards of ethical business practices that fuel
corporate character, marketplace trust and business success.
Ethisphere has deep expertise in measuring and defining core ethics
standards using data-driven insights that help companies enhance
corporate character and measure and improve culture. Ethisphere
honors superior achievement through its World's Most Ethical
Companies recognition program and provides a community of industry
experts with the Business Ethics Leadership Alliance (BELA). More
information about Ethisphere can be found at:
https://ethisphere.com.
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. 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: www.elbitsystems.com or
follow us on Twitter.
Trademarks
Elbit Systems of America and other trademarks, service marks and
logos are registered or unregistered marks of Elbit Systems of
America companies in the United
States and in foreign countries. Copyright ©2018 Elbit
Systems of America. All rights reserved.
Forward Looking Statement
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.
Media Contacts:
Elbit Systems of America: Rod
Gibbons | +1-817-234-6834| rod.gibbons@elbitsystems-us.com
Ethisphere: Clea Nabozny |
+1-480-397-2658| clea.nabozny@ethisphere.com
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SOURCE Elbit Systems of America, LLC