SCOTTSDALE, Arizona,
March 18, 2014 /PRNewswire/ --
The Ethisphere Institute, an
independent center for research, best practices and thought
leadership in corporate ethics and compliance and designator of the
World's Most Ethical Companies, announced today that Elbit Systems
of America (ESA), a subsidiary of Elbit Systems Ltd. has earned the
coveted Ethics Inside® Certification.
"ESA has literally transformed their
ethics and compliance program into a superior example in just a few
short years," said Eric O. Morehead,
Senior Compliance Counsel, Compliance Advisory Services for NYSE
Governance Services, an Ethisphere licensed credentialing partner.
"The team at ESA has been creative and diligent, including taking
time to do a multi-site code of conduct 'road show' to bring the
message directly to all corners of their enterprise. ESA shows no
signs of slowing this progress and has a full agenda of future
initiatives."
"Receiving the Ethics Inside® Certification, validates the
commitment of ESA employees to 'do the right thing'," stated
Raanan Horowitz, ESA President and
CEO. "It isn't just a tag line, it's our culture. Our core values
are embedded throughout our organization. ESA is committed to
establishing strong ethical processes, educational opportunities,
communication campaigns, and leadership development ensuring
employees understand our commitment to do the right thing and their
role is maintaining ethical excellence for our company, and more
importantly, our customers."
"We would like to congratulate ESA for earning Ethics Inside
Certification," said Michael Byrne,
Senior Vice President and General Counsel of Ethisphere. "They join
an exclusive group of companies that have not only implemented
adequate standards, systems and programs to reasonably prevent
compliance failures and ethical breakdowns, but also demonstrate
the existence of a superior employee and leadership culture that
promotes ethical business practices."
Ethisphere's licensed credentialing partners look at more than
100 separate criteria during the Ethics Inside Certification
process, including corporate citizenship and responsibility;
overall compliance and ethics program; organizational health and
culture of ethics; corporate governance; and regulatory history. No
company is expected to excel in all criteria areas-yet the
aggregate score must meet or exceed a level at which ethical
behavior becomes the core expectation, fundamental compliance
systems are in place, tone from the top is clear and the company's
actions bear unmistakable signs of good corporate citizenship. More
information about Ethics Inside Certification is available at
http://ethisphere.com/certifications/ethics-inside-certified.
About Elbit Systems of America
Elbit Systems of America is a leading provider of high
performance products, system solutions, and support services
focusing on the commercial aviation, defense, homeland security,
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 and
TASE: ESLT), a global electronics company engaged in a wide range
of programs for innovative defense and commercial applications. For
additional information, visit: http://www.elbitsystems-us.com.
About Ethisphere
The Ethisphere® Institute is an independent center of research,
best practices and thought leadership that promotes best practices
in corporate ethics and compliance and enables organizations to
improve governance, mitigate risk, and enhance relationships with
employees, business partners, investors and the broad regulatory
community. Ethisphere evaluates and benchmarks compliance and
governance programs, honors superior achievement through its
World's Most Ethical Companies'™ recognition program, and publishes
Ethisphere Magazine. Ethisphere is also the leading provider of
independent verification of corporate ethics and compliance
programs that include: Ethics Inside® Certification, Compliance
Leader Verification™ and Anti-Corruption Program Verification™.
About Elbit Systems
Elbit Systems Ltd. is an international defense electronics
company engaged in a wide range of 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 ("UAS"), advanced electro-optics, electro-optic space
systems, EW suites, signal intelligence ("SIGINT") systems, data
links and communications systems and radios. The Company also
focuses on the upgrading of existing military platforms, developing
new technologies for defense, homeland security and commercial
aviation applications and providing a range of support services,
including training and simulation systems.
For additional information, visit: http://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 © 2014
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.
Elbit Systems of America Media Contact
Shari Clarkson
Manager of Marketing Communications
+1-682-286-2363
sharon.clarkson@elbitsystems-us..com
Ethisphere Media Contact
Clea Nabozny
+1-480-397-2658
Clea.Nabozny@ethisphere.com
SOURCE Elbit Systems of America