Elbit Systems Awarded $130 Million in Contracts to Provide Artillery Munitions Production Line in a Country in Asia-Pacific

HAIFA, Israel, March 27, 2022 /PRNewswire/ — Elbit Programs Ltd. ESLT (“Elbit Programs”) introduced immediately that it was awarded contracts with an combination worth of roughly $130 million to ship an artillery munitions manufacturing line in a rustic in Asia-Pacific. The contracts shall be carried out over a interval of two.5 years.

Below the contracts, Elbit Programs will construct a turnkey industrial complicated for enhanced manufacturing of artillery munitions.    

Bezhalel (Butzi) Machlis, President and CEO of Elbit Programs, stated: “This contracts award attests to the standard of our portfolio and to our confirmed functionality to carry out know-how co-operations in partnering international locations.”

About Elbit Programs

Elbit Programs Ltd. is a global excessive know-how firm engaged in a variety of protection, homeland safety and industrial packages all through the world. The Firm, which incorporates Elbit Programs 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, growing new applied sciences for protection, homeland safety and industrial functions and offering a spread of help companies, 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.

This press launch could comprise ahead–wanting statements (inside 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 Legislation, 1968) concerning Elbit Programs 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–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 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 could differ materially from these ahead–wanting statements as a consequence of a wide range of elements, together with, with out limitation: scope and size of buyer contracts; governmental laws and approvals; modifications in governmental budgeting priorities; normal market, political and financial situations within the international locations by which the Firm operates or sells, together with Israel and the US amongst others; modifications in world well being and macro-economic situations; variations in anticipated and precise program efficiency, together with the flexibility to carry out beneath long-term fixed-price contracts; modifications within the aggressive surroundings; and the end result of authorized and/or regulatory proceedings.  The elements listed above are usually not all-inclusive, and additional data is contained in Elbit Programs Ltd.’s newest annual report on Kind 20-F, which is on file with the U.S. Securities and Alternate 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 another 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 Programs Ltd., its brand, model, product, service and course of names showing on this Press Launch are the logos or service marks of Elbit Programs Ltd. or its affiliated corporations.  All different model, product, service and course of names showing are the logos of their respective holders.  Reference to or use of a product, service or course of apart from these of Elbit Programs Ltd. doesn’t suggest advice, approval, affiliation or sponsorship of that product, service or course of by Elbit Programs 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 Programs Ltd. or any third occasion, besides as expressly granted herein.

View authentic content material:https://www.prnewswire.com/news-releases/elbit-systems-awarded-130-million-in-contracts-to-provide-artillery-munitions-production-line-in-a-country-in-asia-pacific-301511301.html

SOURCE Elbit Programs Ltd.