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

HAIFA, Israel, Jan. 11, 2023 /PRNewswire/ — Elbit Techniques Ltd. (NASDAQ:ESLT) (TASE: ESLT) (“Elbit Techniques” or the “Firm”) introduced immediately 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 can be carried out over a interval of three years.

Underneath the contract, Elbit Techniques will provide 122mm extended-range rockets which can be meant 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 affords easy autonomous operation in numerous climate circumstances and could be able to be launched in lower than one minute.

About Elbit Techniques

Elbit Techniques Ltd. is a world excessive expertise firm engaged in a variety of protection, homeland safety and industrial packages all through the world. The Firm, which incorporates Elbit Techniques 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 present platforms, creating new applied sciences for protection, homeland safety and industrial purposes and offering a variety of assist providers, 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 Govt 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 could include ahead–wanting statements (throughout the which means of Part 27A of the Securities Act of 1933, as amended, Part 21E of the Securities Change Act of 1934, as amended and the Israeli Securities Legislation, 1968) relating to Elbit Techniques 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 primarily based on administration’s present expectations, estimates, projections and assumptions about future occasions. Ahead–wanting statements are made pursuant to the secure harbor provisions of the Personal Securities Litigation Reform Act of 1995, as amended. These statements usually are not 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 progress methods and anticipated tendencies in its enterprise.  Subsequently, precise future outcomes, efficiency and tendencies could differ materially from these ahead–wanting statements attributable to quite a lot of components, together with, with out limitation: scope and size of buyer contracts; governmental laws and approvals; modifications in governmental budgeting priorities; common market, political and financial circumstances within the international locations through which the Firm operates or sells, together with Israel and america amongst others; modifications in world well being and macro-economic circumstances; variations in anticipated and precise program efficiency, together with the flexibility to carry out below long-term fixed-price contracts; modifications within the aggressive setting; and the end result of authorized and/or regulatory proceedings.  The components listed above usually are not all-inclusive, and additional info is contained in Elbit Techniques Ltd.’s newest annual report on Type 20-F, which is on file with the U.S. Securities and Change 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 cheap, it can not assure future outcomes, stage of exercise, efficiency or achievements. Furthermore, neither the Firm nor every other particular person assumes duty for the accuracy and completeness of any of those forward-looking statements. The Firm doesn’t undertake to replace its forward-looking statements.

Elbit Techniques Ltd., its brand, model, product, service and course of names showing on this Press Launch are the emblems or service marks of Elbit Techniques 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 apart from these of Elbit Techniques Ltd. doesn’t indicate suggestion, approval, affiliation or sponsorship of that product, service or course of by Elbit Techniques Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or in any other case any license or proper below any patent, copyright, trademark or different mental property proper of Elbit Techniques Ltd. or any third get together, besides as expressly granted herein.

SOURCE Elbit Techniques Ltd.

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