HAIFA, Israel, July 5, 2021 /PRNewswire/ -- Elbit
Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit
Systems" or the "Company") announced today, further to its
announcements from June 10, 2021 of a
potential notes offering in Israel
(the "Offering"), and of June 15,
2021 of the issuance by S&P Global Ratings Maalot Ltd.
("Maalot") of an "ilAA" (on local scaling) rating with a stable
outlook (the "Rating"), to the potential new notes that may be
issued by the Company, that the Rating applies to the potential new
notes that may be issued by the Company, in an aggregate amount of
approximately NIS 2 billion (approximately
$613 million) nominal value ("Maalot's
Announcement").
Maalot's official rating report in Hebrew was submitted to the
Israel Securities Authority (the "ISA") and the Tel Aviv Stock
Exchange Ltd. (the "TASE"). An unofficial English translation of
Maalot's rating report was submitted by the Company on Form 6-K to
the U.S. Securities and Exchange Commission (the "SEC"). Maalot's
Announcement in Hebrew was submitted to the ISA and the TASE and an
unofficial translation thereof will be submitted by the Company on
Form 6-K to the SEC.
The execution, timing, terms and amount to be raised in the
contemplated Offering have not been finally determined and are
subject to further approval of the Company's Board of Directors and
the approval of the TASE. There is no assurance that the Offering
will be completed.
Any securities, if offered, will not be registered under the
U.S. Securities Act of 1933, as amended (the "Securities Act"), and
may not be offered or sold in the United
States or to U.S. Persons (as defined in Regulation "S"
promulgated under the Securities Act) without registration under
the Securities Act or an exemption from the registration
requirements of the Securities Act. Any offering of securities
pursuant to the Company's shelf prospectus dated September 30, 2020 and any shelf offering report,
if made, will be made only in Israel. This announcement does not constitute
a solicitation or an offer to buy any securities.
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:
Joseph Gaspar,
Executive VP & CFO
Tel:
+972-4-8316663
j.gaspar@elbitsystems.com
Rami Myerson,
Director, Investor Relations
Tel:
+972-77-2948984
rami.myerson@elbitsystems.com
David Vaaknin,
VP, Head of Corporate Communications
Tel:
+972-77-2946691
david.vaaknin@elbitsystems.com
|
IR
Contact:
Ehud
Helft
Kenny
Green
GK Investor
Relations
Tel:
1-646-201-9246
elbitsystems@gkir.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 among others; 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