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 as we speak 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 will probably be carried out over a interval of three years.

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

About Elbit Methods

Elbit Methods Ltd. is a global excessive know-how firm engaged in a variety of protection, homeland safety and business packages 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 area 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 present platforms, creating new applied sciences for protection, homeland safety and business functions and offering a variety of help companies, together with coaching and simulation programs.

For added info, 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 World Investor Relations 
Tel: 1-212-378-8040
[email protected]

This press launch might include ahead–wanting statements (inside the that means of Part 27A of the Securities Act of 1933, as amended, Part 21E of the Securities Trade Act of 1934, as amended and the Israeli Securities Legislation, 1968) concerning Elbit Methods Ltd. and/or its subsidiaries (collectively the Firm), to the extent such statements don’t relate to historic or present information. Ahead-looking statements are based mostly on administration’s present expectations, estimates, projections and assumptions about future occasions. Ahead–wanting statements are made pursuant to the protected harbor provisions of the Non-public Securities Litigation Reform Act of 1995, as amended. These statements are usually not ensures of future efficiency and contain sure dangers, uncertainties and assumptions concerning 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–wanting statements as a result of a wide range of components, together with, with out limitation: scope and size of buyer contracts; governmental rules and approvals; adjustments in governmental budgeting priorities; basic market, political and financial circumstances within the international locations by which the Firm operates or sells, together with Israel and the USA 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 atmosphere; and the end result of authorized and/or regulatory proceedings.  The components listed above are usually not all-inclusive, and additional info is contained in Elbit Methods Ltd.’s newest annual report on Type 20-F, which is on file with the U.S. Securities and Trade Fee. All ahead–wanting statements communicate 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, degree of exercise, efficiency or achievements. Furthermore, neither the Firm nor some 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 firms.  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 indicate suggestion, 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 social gathering, besides as expressly granted herein.

 

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SOURCE Elbit Methods Ltd.



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