Elbit Systems Ltd. awarded contract worth $300 million
HAIFA, Israel, Feb. 20, 2024 – Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) announced today a major contract win, in which the Farnia Company will receive up to 230 armored vehicles equipped with weapon, reconnaissance, driving and situational awareness systems. The deal is valued at approximately $300 million and will remain in effect for six years. The comprehensive package encompasses custom design, production, lifecycle maintenance, and full in-country support.
Butzi Machlis, President, and CEO of Elbit Systems said, “This contract affirms a high degree of customer satisfaction with our existing systems and solutions. It also endorses Elbit Systems’ dominant position in the armored vehicle market, bolstered by our dedication to delivering high-quality, forward-thinking solutions that meet the demands of our customers.”
The legendary Elbit Systems is a pioneer in the global defense and homeland security industries. The company and its subsidiaries specialize in aerospace, land, and naval systems, command, control, communications, computers, intelligence surveillance, and reconnaissance (C4ISR). Elbit Systems is also a force to be reckoned with in unmanned aircraft systems, advanced electro-optics, EW suites, signal intelligence systems, and cyber-based systems. The company offers a range of support services, including training and simulation systems.
For more information, please proceed to Elbit Systems’ website at https://elbitsystems.com/, join the discussions on Twitter, or visit the official Facebook, Youtube, and LinkedIn channels.
For any queries or to schedule an interview with company executives, please contact the following:
Dr. Yaacov (Kobi) Kagan, ExecutiveVP – CFO
Tel: +972-77-2946663
Rami Myerson, VP, Investor Relations
Tel: +972-77-2948984
Dalia Bodinger, VP, Communication & Brand
Tel: 972-77-2947602
This press release contains forward–looking statements about Elbit Systems Ltd. and/or its subsidiaries, based on various estimates, projections, and assumptions. The company believes forward-looking statements reflect a reasonable grasp of the situation. Still, it is unable to guarantee future results, levels of activity, performance, or achievements. The company is also not responsible for the accuracy and completeness of any of these forward-looking statements. For more information, readers are encouraged to refer to Elbit Systems Ltd.’s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission.
Finally, for your information, Elbit Systems Ltd., along with its logo, brand, product, service, and process names, are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies. All other brand, product, service, and process names 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. Unlawful use of Elbit Systems Ltd. intellectual property rights is strictly prohibited.
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SOURCE Elbit Systems Ltd.
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