Elbit Systems Awarded Approximately $50 Million Contract for a New Air Defense System by an International Customer

PR Newswire04-30

HAIFA, Israel, April 30, 2024 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today it was awarded a contract in an amount of approximately ...

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(NASDAQ: ESLT) (TASE: ESLT) (\"Elbit Systems\" or the \"Company\") announced today it was awarded a contract in an amount of approximately ...</p>\n\n<a href=\"https://finance.yahoo.com/news/elbit-systems-awarded-approximately-50-065500838.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://finance.yahoo.com/news/elbit-systems-awarded-approximately-50-065500838.html","article_id":"2431635092","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/AyOIHrJwaeyqhsLONhcv0g--~B/aD0xMzc7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/prnewswire.com/ba0e5b29bfda25d5f080aa939b16aecd"],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/elbit-systems-awarded-approximately-50-065500838.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2431635092","pubTimestamp":1714460100,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"HAIFA, Israel, April 30, 2024 /PRNewswire/ --Elbit Systems Ltd.   announced today it was awarded a contract in an amount of approximately $50 million for its new air defense system, \"Red Sky\", by an international customer. The contract will be executed over a period of 2 years.Yehuda  Vered, General Manager of Elbit Systems Land:\"The Red Sky system represents a state-of-the-art solution that addresses the urgent need to defend borders and secure strategic assets against a wide array of aerial threats at an affordable cost. This new defense solution was created based on close collaboration between Elbit Systems' divisions, utilizing existing Elbit Systems building blocks and integrating them into a comprehensive new solution with new anti-aircraft missiles and advanced soft-kill defense mechanisms.\"","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4504":"桥水持仓","ESLT":"埃尔比特系统","BK4567":"ESG概念","BK4516":"特朗普概念","BK4187":"航天航空与国防","AIRI":"Air Industries Group","EW":"爱德华兹","BK4082":"医疗保健设备","BK4585":"ETF&股票定投概念"},"translate_title":"埃尔比特系统公司授予一家国际客户价值约5000万美元的新型防空系统合同","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AIRI":1,"EW":1,"ESLT":0.9},"content_text":"HAIFA, Israel, April 30, 2024 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (\"Elbit Systems\" or the \"Company\") announced today it was awarded a contract in an amount of approximately $50 million for its new air defense system, \"Red Sky\"™, by an international customer. The contract will be executed over a period of 2 years.\n\n\n\nThe Red Sky is a Tactical Very Short-range Air Defense (VSHORAD) System designed to provide protection against low-altitude aerial threats. As part of the contract, Elbit Systems will supply two Red Sky batteries, offering a comprehensive solution that integrates both soft-kill and hard-kill defense capabilities. This solution includes Elbit Systems' Redrone, an electronic warfare (EW) solution designed for detecting, identifying, locating and neutralizing unmanned aerial systems. The Redrone system comprises DAiR Radar, Signal Intelligence (SIGINT) sensors, RF Jammer, and COAPS-L electro-optical (EO) payload. Additionally, the Red Sky solution will incorporate anti-aircraft missile launchers.  \nYehuda (Udi) Vered, General Manager of Elbit Systems Land: \"The Red Sky system represents a state-of-the-art solution that addresses the urgent need to defend borders and secure strategic assets against a wide array of aerial threats at an affordable cost. This new defense solution was created based on close collaboration between Elbit Systems' divisions, utilizing existing Elbit Systems building blocks and integrating them into a comprehensive new solution with new anti-aircraft missiles and advanced soft-kill defense mechanisms.\"\nAbout Elbit Systems\nElbit Systems is a leading global defense technology company, delivering advanced solutions for a secure and safer world. Elbit Systems develops, manufactures, integrates and sustains a range of next-generation solutions across multiple domains.\nDriven by its agile, collaborative culture, and leveraging Israel's technology ecosystem, Elbit Systems enables customers to address rapidly evolving battlefield challenges and overcome threats.\nElbit Systems employs approximately 19,000 people in dozens of countries across five continents. In 2023, the Company reported approximately $6.0 billion in revenues and an order backlog of $17.8 billion.\nFor additional information, visit: https://elbitsystems.com, follow us on Twitter or visit our official Facebook, Youtube and LinkedIn Channels.\nCompany Contact: \nDr. Yaacov (Kobi) Kagan, Executive VP - CFO Tel:  +972-77-2946663 kobi.kagan@elbitsystems.com \nDr. David Ravia, Investor Relations Tel: +972-77-2947169 david.ravia@elbitsystems.com\nDalia Bodinger, VP, Communication & BrandTel: 972-77-2947602 dalia.bodinger@elbitsystems.com\nThis 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, including the duration and scope of the current war in Israel, and the potential impact on our operations; 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.\nElbit Systems Ltd., its logo, brand, product, service and process names appearing in this 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.\nLogo: https://mma.prnewswire.com/media/2017806/Elbit_Systems_Logo.jpg\n View original content:https://www.prnewswire.com/news-releases/elbit-systems-awarded-approximately-50-million-contract-for-a-new-air-defense-system-by-an-international-customer-302131170.html\nSOURCE Elbit Systems Ltd.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2431635092"}