HAIFA,
Israel, June 20, 2023 /PRNewswire/ -- Elbit
Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit
Systems" or the "Company") announced today that pursuant to Article
23(d) of its Articles of Association, the Company's board of
directors resolved to appoint Mr. Ehud
(Udi) Adam as a member of the board, effective as of
June 25, 2023, and until the next
annual meeting of the Company's shareholders.
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Mr. Adam has served as a strategic consultant to various public
and private companies in the technology sector since June 2020. From 2016 until May 2020, Mr. Adam served as director general of
the Israeli Ministry of Defense. Since 2020, Mr. Adam has served as
a director of Arma Ferrea Ltd., a company that develops and
manufactures reactive armor systems, and as a director of Arma
Kinetica Ltd., a company in the field of kinetic energy solutions.
Since 2020, he has also served as chair of the board of Armalux
Ltd., a company that engages in the field of laser systems. Since
2022, Mr. Adam has served as chair of the board of Ecology for
Protected Community Ltd., a company that employs people with
special needs to collect electronic waste. Since 2021, Mr. Adam has
served as the chair of a public committee of the Geophysical
Institute of Israel and, since
2011, he has served as president of 'Midor Ledor', a non-profit
community association. In 2016, Mr. Adam served as chair of the
board of IMI Systems Ltd., formerly an Israeli government owned
defense company later acquired by the Company. Mr. Adam served for
31 years in the Israeli Defense Forces, where he holds the rank of
major general (reserves), and served as head of the
Technological and Logistics Directorate and as head of the
Northern Command. Mr. Adam holds a bachelor of arts degree in
political science and government from Bar-Ilan
University and a master's degrees in military and strategic
leadership from Ecole de Guerre
Paris.
Mr. Adam will serve as an independent director under Nasdaq
Listing Rules and the Israeli Companies Law and will serve on the
following board committees: corporate governance and nominating
committee, compensation committee
and audit and financial statements review committee.
As of June 25, 2023, Mr.
Yoram Ben-Zeev will no longer serve
as a director of Elbit Systems, having completed nine years of
service as an Independent Director provided by the Israeli
Companies Law. The board of directors thanks Mr. Ben-Zeev for his contributions to
the Company during his tenure.
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, ExecutiveVP -
CFO
Tel: +972-77-2946663
kobi.kagan@elbitsystems.com
Rami Myerson, Director,
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 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.