Elbit Systems Awarded $46 Million Contract to Supply Armored Personnel Carriers to a Country in Asia-Pacific
Elbit Systems Ltd. has secured a contract worth approximately $46 million to supply VBTP 6X6 Armored Personnel Carriers (APCs) to an undisclosed Asia-Pacific country. The contract will span three years and involves supplying wheeled APCs developed in collaboration with Iveco Defence Vehicles and the Brazilian Army. Elbit will equip these vehicles with its advanced subsystems, including fire control and communication systems. This deal highlights Elbit's role in enhancing defense exports from Brazil.
- Secured a $46 million contract for VBTP 6X6 APCs.
- Contract duration of three years ensures steady revenue.
- Strengthens collaboration with Iveco and Brazilian defense industry.
- None.
HAIFA, Israel, Feb. 7, 2021 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT and TASE: ESLT) ("Elbit Systems" or "the Company") announced today that it was awarded a contract valued at approximately
As the prime contractor, Elbit Systems will supply the VBTP 6X6 wheeled APCs that were developed by Iveco Defence Vehicles ("Iveco") in cooperation with the Brazilian Army. The VBTP 6X6 APCs will be equipped with Elbit Systems' turrets and a range of the Company's subsystems including electric drive and stabilization systems, fire control systems, TORCH-XTM battle management systems, E-LynXTM software defined radio systems, gunner and commander sights as well as life support systems.
Yehuda (Udi) Vered, General Manager of Elbit Systems Land, commented: "We are pleased with our continuous co-operation with Iveco, particularly with our capacity to contribute to the export efforts of the Brazilian defense industry. We believe that our strong portfolio of subsystems positions us advantageously to lead procurement programs of armored vehicles, especially as the missions they are tasked with become more diverse and increasingly networked."
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.
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Company Contact:
Joseph Gaspar, Executive VP & CFO Tel: +972-4-8316663 j.gaspar@elbitsystems.com
Rami Myerson, Director, Investor Relations Tel: +972-77-2948984
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 |
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.
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SOURCE Elbit Systems Ltd.
