Elbit Systems Announces the Filing of its Annual Report on Form 20-F for Fiscal Year 2023

Rhea-AI Summary

Elbit Systems announced the filing of its 2023 Annual Report, providing shareholders with financial insights. The report is available online and in hard copy, showcasing transparency and accountability.

Insights

Financial Analyst

The filing of Elbit Systems' annual report is a significant event for investors and market watchers. The report provides a comprehensive overview of the company's financial health and operational performance over the past fiscal year. Analyzing the data, one can discern trends in revenue, profit margins and expense management. These factors are often indicative of a company's efficiency and its ability to generate shareholder value. Furthermore, the report's disclosures on risk factors and future outlook give investors a sense of the potential challenges and opportunities that may influence the company's stock price.

Comparing the financials against industry benchmarks can reveal how Elbit Systems stands in the competitive landscape. For instance, if the defense sector is experiencing growth due to increased global security demands, Elbit's performance should be evaluated in this context. On the other hand, any discrepancies in performance metrics could indicate operational or strategic issues that may need addressing.

Market Research Analyst

Elbit Systems' annual report also holds value for understanding market trends and the company's strategic positioning. By examining the company's product development and market expansion initiatives, one can assess Elbit's ability to capitalize on emerging defense and security needs. This is particularly relevant given the dynamic nature of the defense industry, which is influenced by geopolitical factors and technological advancements.

Investors should also consider the company's R&D investments and patent filings, as these are critical for long-term innovation and maintaining a competitive edge. In addition, the report may contain information about partnerships, contracts and alliances that could affect future revenue streams and market share.

Legal Expert

From a legal standpoint, the filing of the annual report on Form 20-F is a requirement for foreign companies listed on U.S. exchanges. This report must comply with the standards set by the Securities and Exchange Commission, ensuring transparency and adherence to regulatory norms. It's important for investors to note any legal proceedings, compliance issues, or regulatory changes discussed in the report, as these can have material implications on the company's operations and financials.

Moreover, the availability of the report on the company's website and the offer of a hard copy upon request aligns with shareholder rights for information access. Any deviations from these practices could raise red flags about corporate governance and investor relations.

HAIFA, Israel, March 28, 2024 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that on March 28, 2024, the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2023 (the "2023 Annual Report") with the U.S. Securities and Exchange Commission, the Israel Securities Authority and the Tel Aviv Stock Exchange.

The 2023 Annual Report can be viewed or downloaded at the Company's website at: www.elbitsystems.com. In addition, the Company will provide shareholders with a hard copy of the 2023 Annual Report upon request, free of charge.

About Elbit Systems

Elbit 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.

Driven by its agile, collaborative culture, and leveraging Israel's technology ecosystem, Elbit Systems enables customers to address rapidly evolving battlefield challenges and overcome threats.

Elbit 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.

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

Company Contact: 
Dr. Yaacov (Kobi) Kagan, ExecutiveVP - CFO
Tel:  +972-77-2946663
kobi.kagan@elbitsystems.com 

Dr. David Ravia, Investor Relations
Tel: +972-77-2947169
david.ravia@elbitsystems.com

Dalia Bodinger, VP, Communication & Brand
Tel: 972-77-2947602
dalia.bodinger@elbitsystems.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, 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.

Elbit 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.

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SOURCE Elbit Systems Ltd.

FAQ

Where can I view or download Elbit Systems 's 2023 Annual Report?

You can view or download the 2023 Annual Report on Elbit Systems 's website at www.elbitsystems.com.

How can shareholders obtain a hard copy of Elbit Systems 's 2023 Annual Report?

Shareholders can request a free hard copy of the 2023 Annual Report from the Company.

What regulatory bodies were the 2023 Annual Report filed with?

The 2023 Annual Report was filed with the U.S. Securities and Exchange Commission, the Israel Securities Authority, and the Tel Aviv Stock Exchange.