Elbit Methods Awarded a Contract of $70 Million to Provide Rockets to a European Nation

HAIFA, Israel, Jan. 11, 2023 /PRNewswire/ — Elbit Methods Ltd. (NASDAQ:ESLT) (TASE: ESLT) (“Elbit Methods” or the “Firm”) introduced at present that it was awarded a contract in an quantity of roughly $70 million to produce rockets to the armed forces of a European nation. The contract shall be carried out over a interval of three years.

Below the contract, Elbit Methods will provide 122mm extended-range rockets which can be supposed to considerably improve the efficiency and effectiveness of operations by permitting floor forces to pay attention fireplace at an elevated vary of as much as 40 kilometers. The rocket affords easy autonomous operation in varied climate circumstances and will be able to be launched in lower than one minute.

About Elbit Methods

Elbit Methods Ltd. is a global excessive expertise firm engaged in a variety of protection, homeland safety and industrial applications all through the world. The Firm, which incorporates Elbit Methods and its subsidiaries, operates within the areas of aerospace, land and naval programs, command, management, communications, computer systems, intelligence surveillance and reconnaissance (“C4ISR”), unmanned plane programs, superior electro-optics, electro-optic house programs, EW suites, sign intelligence programs, knowledge hyperlinks and communications programs, radios, cyber-based programs and munitions. The Firm additionally focuses on the upgrading of current platforms, creating new applied sciences for protection, homeland safety and industrial purposes and offering a variety of help providers, together with coaching and simulation programs.

For added data, go to: https://elbitsystems.com, comply with us on Twitter or go to our official Fb, Youtube and LinkedIn Channels.

Firm Contact:  
Joseph GasparSenior Government VP – Enterprise Administration
Tel:  +972-77-2948661
[email protected] 

Dr. Yaacov (Kobi) Kagan, ExecutiveVP – CFO
Tel:  +972-77-2946663
[email protected] 

Rami Myerson, Director, Investor Relations
Tel: +972-77-2948984
[email protected]

Dalia Bodinger, VP, Communication & Model
Tel: 972-77-2947602
[email protected]

IR Contact:
Ehud Helft
Kenny Inexperienced
EK International Investor Relations 
Tel: 1-212-378-8040
[email protected]

This press launch might include ahead–trying statements (throughout the that means of Part 27A of the Securities Act of 1933, as amended, Part 21E of the Securities Alternate Act of 1934, as amended and the Israeli Securities Regulation, 1968) concerning Elbit Methods Ltd. and/or its subsidiaries (collectively the Firm), to the extent such statements don’t relate to historic or present info. Ahead-looking statements are based mostly on administration’s present expectations, estimates, projections and assumptions about future occasions. Ahead–trying statements are made pursuant to the secure harbor provisions of the Non-public Securities Litigation Reform Act of 1995, as amended. These statements will not be ensures of future efficiency and contain sure dangers, uncertainties and assumptions in regards to the Firm, that are troublesome to foretell, together with projections of the Firm’s future monetary outcomes, its anticipated development methods and anticipated developments in its enterprise.  Subsequently, precise future outcomes, efficiency and developments might differ materially from these ahead–trying statements on account of quite a lot of elements, together with, with out limitation: scope and size of buyer contracts; governmental laws and approvals; adjustments in governmental budgeting priorities; normal market, political and financial circumstances within the international locations wherein the Firm operates or sells, together with Israel and the US amongst others; adjustments in international well being and macro-economic circumstances; variations in anticipated and precise program efficiency, together with the power to carry out beneath long-term fixed-price contracts; adjustments within the aggressive setting; and the result of authorized and/or regulatory proceedings.  The elements listed above will not be all-inclusive, and additional data is contained in Elbit Methods Ltd.’s newest annual report on Type 20-F, which is on file with the U.S. Securities and Alternate Fee. All ahead–trying statements converse solely as of the date of this launch. Though the Firm believes the expectations mirrored within the forward-looking statements contained herein are affordable, it can’t assure future outcomes, stage of exercise, efficiency or achievements. Furthermore, neither the Firm nor every other individual assumes accountability for the accuracy and completeness of any of those forward-looking statements. The Firm doesn’t undertake to replace its forward-looking statements.

Elbit Methods Ltd., its brand, model, product, service and course of names showing on this Press Launch are the emblems or service marks of Elbit Methods Ltd. or its affiliated corporations.  All different model, product, service and course of names showing are the emblems of their respective holders.  Reference to or use of a product, service or course of aside from these of Elbit Methods Ltd. doesn’t suggest advice, approval, affiliation or sponsorship of that product, service or course of by Elbit Methods Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or in any other case any license or proper beneath any patent, copyright, trademark or different mental property proper of Elbit Methods Ltd. or any third get together, besides as expressly granted herein.

SOURCE Elbit Methods Ltd.

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