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Elbit Systems Ltd.
Advanced Technology Center
P.O.B 539, Haifa 31053, Israel

Tel: +972 77 2940000
Fax: +972 77 2950000
 

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August 31, 2020 at 2:43 AM EDT

Elbit Systems U.S. Subsidiary Awarded $79 Million ID/IQ Contract to Supply Components for the Bradley Infantry Fighting Vehicle

HAIFA, Israel, Aug. 31, 2020 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems") announced today that its U.S. subsidiary, Elbit Systems of America, LLC ("Elbit Systems of America"), was awarded an Indefinite Delivery/Indefinite Quantity ("ID/IQ") contract by the Defense Logistics Agency Land to supply the U.S. Army with gunner hand stations, commander hand stations and circuit cards for the Bradley Infantry Fighting Vehicle ("IFV"). The contract, with a maximum value of up to approximately $79 million, will be performed over a 5-year period. An initial purchase order of approximately $26 million under the ID/IQ contract followed by a second purchase order of approximately $12 million have been issued to be executed over a three-year period.

The gunner hand stations enable crew members to target and fire accurately and work in collaboration with the commander hand stations that drive the IFV's turret and initiate signals to the turret fire control systems. The circuit cards provide processing and power supply to the hand station units.

Raanan Horowitz, President and CEO of Elbit Systems of America, said: "Elbit Systems of America is proud to offer critical ground vehicle modernization solutions for the U.S. Army to support accuracy and lethality for Soldiers. Receiving this task order to support the Bradley Infantry Fighting Vehicle means U.S. ground forces remain equipped at all times with the very best technology to complete their missions."

About Elbit Systems 

Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios, cyber-based systems and munitions. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.

For additional information, visit: https://elbitsystems.com/, follow us on Twitter or visit our official Facebook, Youtube and LinkedIn Channels.

Contacts:

 

Company Contact:       

 

Joseph Gaspar, Executive VP & CFO

Tel:  +972-4-8316663

j.gaspar@elbitsystems.com 

 

Rami Myerson, Director, Investor Relations

Tel: +972-77-2948984

rami.myerson@elbitsystems.com

 

David Vaaknin, VP, Head of Corporate Communications

Tel: +972-77-2946691

david.vaaknin@elbitsystems.com

IR Contact: 

 

Ehud Helft

Kenny Green

GK Investor Relations 

Tel: 1-646-201-9246

elbitsystems@gkir.com

 

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, as amended and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management's current expectations, estimates, projections and assumptions about future events. Forward–looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company's future financial results, its anticipated growth strategies and anticipated trends in its business.  Therefore, actual future results, performance and trends may differ materially from these forward–looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings.  The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward–looking statements speak only as of the date of this release. Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, 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 forward-looking statements.

Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this Press Release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies.  All other brand, product, service and process names appearing 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. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.

Cision View original content:http://www.prnewswire.com/news-releases/elbit-systems-us-subsidiary-awarded-79-million-idiq-contract-to-supply-components-for-the-bradley-infantry-fighting-vehicle-301120855.html

SOURCE Elbit Systems Ltd.

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