FORT WORTH, Texas, March 25, 2014 /PRNewswire/ -- Elbit Systems of
America, LLC, a subsidiary of Elbit Systems Ltd., and a leading
provider of high performance products, system solutions, and
support services, announced today that it has been recognized by
the Ethisphere Institute, an independent center of research
promoting best practices in corporate ethics and governance, as a
2014 World's Most Ethical Company®.
This is the first year that Elbit Systems of America has been
honored with this award, which recognizes organizations that
continue to raise the bar on ethical leadership and corporate
behavior. World's Most Ethical Company honorees understand the
correlation between ethics, reputation and daily interactions with
their brand and that the award belongs as much to their associates
as it does to them. Elbit Systems of America is one of only
three companies in the aerospace and defense industry honored this
year.
"It is an honor to receive the World's Most Ethical Companies
recognition," stated Raanan
Horowitz, Elbit Systems of America
President and CEO. "The award is a testimony to our
dedication to establishing a culture of ethical excellence through
educational opportunities and best practices. Our employees'
commitment to do the right thing is what ensures we are operating
ethically for the benefit of our customers and partners. We will
continue to uphold a high level of commitment for meeting and
exceeding their expectations."
"The entire community of World's Most Ethical Companies believe
that customers, employees, investors and regulators place a high
premium on trust and that ethics and good governance are key in
earning it," said Ethisphere's Chief Executive Officer,
Timothy Erblich. "Elbit Systems of
America joins an exclusive community committed to driving
performance through leading business practices. We congratulate
everyone at Elbit Systems of America for this extraordinary
achievement."
The World's Most Ethical Company assessment is based upon the
Ethisphere Institute's Ethics Quotient™ framework. The Ethics
Quotient framework has been developed over years of effort to
provide a means to assess an organization's performance in an
objective, consistent and standardized way. 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. The Ethics
Quotient framework and methodology was determined, vetted and
refined by the expert advice and insights gleaned from Ethisphere's
network of thought leaders and from the World's Most Ethical
Company Methodology Advisory Panel.
Scores are generated in five key categories: ethics and
compliance program (25%), reputation, leadership and innovation
(20%), governance (10%), corporate citizenship and responsibility
(25%) and culture of ethics (20%).
The full list of the 2014 World's Most Ethical Companies can
be found at
http://ethisphere.com/worlds-most-ethical/wme-honorees/.
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 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: www.elbitsystems-us.com.
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: www.elbitsystems.com or
follow us on Twitter.
About the Ethisphere Institute
The Ethisphere® Institute is an independent center of research,
best practices and thought leadership that promotes best practices
in corporate ethics and governance and enables organizations to
improve compliance, 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™.
More information about Ethisphere can be found at:
www.ethisphere.com.
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.
Media Contacts
Elbit Systems of America Media Contact
Shari Clarkson
Manager of Marketing Communications
682.286.2363
sharon.clarkson@elbitsystems-us..com
Ethisphere Media Contact
Clea Nabozny
480.397.2658
Clea.Nabozny@ethisphere.com
SOURCE Elbit Systems of America