HAIFA, Israel,, December 17, 2020 / PRNewswire / – Elbit Systems Ltd. (NASDAQ: ESLT) (LEVEL: ESLT) (“Elbit Systems” or “The Company”) announced today, in addition to the company’s report from October 29, 2019 that he was awarded approximately $ 338 million contract from the Swiss Federal Ministry of Defense, Civil Defense and Sport to provide the Swiss Armed Forces with a tactical mobile network solution with software-defined radio (SDR) under the Telecommunications Armed Forces Digitalisation Program (TK A), Ersa Crowd Komm. The contract will be fulfilled for a period of six years.
This contract award is after more than three years of extensive and competitive technical as well as field evaluations conducted by the Federal Defense Procurement Service and the Swiss Armed Forces. The proposed digital mobile network solution is based on E-LynX™ SDR family of open architecture, allowing fast, reliable and secure communication through the Swiss Armed Forces.
Bejalel (Buci) McLeese, President and CEO of Elbit Systems, commented: “Switzerland is a strategic market for us and we will continue our efforts to support the Swiss Armed Forces and expand our cooperation with Swiss industry. This procurement highlights the growing recognition by the European Armed Forces of the E-LynX mobile SDR solution as a preferred factor for advanced military mobile networks and digitalisation. ”
For Elbit Systems
Elbit Systems Ltd. is an international high-tech company engaged in a wide range of defense programs, internal security systems and commercial programs around the world. The company, which includes Elbit Systems and its subsidiaries, operates in the fields of space, land and naval systems, command, control, communications, computers, intelligence and intelligence (“C4ISR”), unmanned aerial systems, advanced electro-optics, electro-optical space systems, EW kits, signal intelligence systems, data connections and communication systems, radios, cyber-based systems and ammunition. The company also focuses on upgrading existing platforms, developing new defense technologies, internal security and commercial applications, and providing a range of support services, including training and simulation systems.
Contact the company:
Joseph Gaspar,, Executive Vice President and Chief Financial Officer
Tel: + 972-4-8316663
Rami Myerson, Director, Investor Relations
Tel: + 972-77-2948984
David Waaknin,, Vice President, Head of Corporate Communications
Tel: + 972-77-2946691
GK Investor Relations
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, and the amended Israeli Securities Act. , 1968) concerning Elbit Systems Ltd and / or its subsidiaries (together with the Company), in so far as these statements do not relate to historical or current facts. Forecast statements are based on management’s current expectations, estimates, forecasts and assumptions about future events. Estimates are made in accordance with the safe port provisions of the Private Securities Litigation Reform Act 1995, as amended. These statements are not a guarantee of future results and include certain risks, uncertainties and assumptions about the Company that are difficult to predict, including forecasts of the company’s future financial results, expected growth strategies and expected trends in its business. Therefore, actual future results, results and trends may differ materially from these forward-looking statements due to various factors, including, without limitation: the scope and duration of customer contracts; government regulations and approvals; changes in the priorities of the state budgeting; the general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and United States among others; changes in global health and macroeconomic conditions; differences in the expected and actual implementation of the program, including the possibility of implementation under long-term fixed price contracts; changes in the competitive environment; and the results of legal and / or regulatory proceedings. The factors listed above are not comprehensive and additional information is contained in the latest annual report of Elbit Systems Ltd. for Form 20-F, which is filed with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date of this publication. Although the company believes that the expectations expressed in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. In addition, 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 forecast statements.
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SOURCE Elbit Systems Ltd.