HAIFA,
Israel, Nov. 29, 2023 /PRNewswire/
-- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT)
("Elbit Systems" or the "Company") announced today that according
to the announcement of the U.S. Department of Defense (DOD), Elbit
Systems' U.S. subsidiary, Elbit Systems of America – Night Vision
LLC, ("Elbit Systems of America"), was awarded an indefinite
delivery/ indefinite quantity (ID/IQ) contract with a maximum
ceiling of $500 million, for the
supply of Squad Binocular Night Vision Goggle (SBNVG) systems;
spare and repair parts; contractor logistics supports and test
article refurbishment.
Work under the ID/IQ will be performed in Roanoke, Virginia, and is expected to be
completed in 2028. Elbit Systems of America received an initial
delivery order award under the ID/IQ worth a approximately
$127 million immediately following
contract award.
The SBNVG is a lightweight helmet-mounted system that provides
superior nighttime viewing in various environments and conditions,
improving warfighter situational awareness and performance.
The system includes an enhanced battery life and high-performing
white phosphor image intensification tubes for improved clarity and
depth perception.
Bezhalel (Butzi) Machlis, President and CEO of Elbit
Systems: "This ID/IQ contract for Squad Binocular Night Vision
Goggles follows previous orders and cements Elbit Systems of
America as a leading partner of choice by the U.S. Marine Corps. We
are honored to provide proven and cutting-edge equipment to the men
and women of the U.S Marine Corps that will facilitate superior
battlefield awareness."
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, 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: https://elbitsystems.com,
follow us on Twitter or visit our official Facebook, Youtube and
LinkedIn Channels.
Company Contact:
Dr. Yaacov (Kobi)
Kagan, Executive VP - CFO
Tel:
+972-77-2946663
kobi.kagan@elbitsystems.com
Rami Myerson, VP,
Investor Relations
Tel: +972-77-2948984
rami.myerson@elbitsystems.com
Dalia Bodinger, VP,
Communication & Brand
Tel:
972-77-2947602
dalia.bodinger@elbitsystems.com
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 Law, 1968) regarding Elbit
Systems Ltd. and/or its subsidiaries (collectively the Company), to
the extent such statements do not relate to historical or current
facts. Forward-looking statements are based on management's current
expectations, estimates, projections and assumptions about 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 its
business. 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, including the duration and scope of the
current war in Israel, and the
potential impact on our operations; changes in global health and
macro-economic conditions; differences in anticipated and actual
program performance, including the ability to perform under
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 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. Although the Company
believes the expectations reflected in
the forward-looking statements contained herein are
reasonable, it cannot guarantee future results, level of activity,
performance or achievements. Moreover, neither the Company nor any
other person assumes responsibility for the accuracy and
completeness of any of these forward-looking statements.
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.
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SOURCE Elbit Systems Ltd.