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Elbit Systems Awarded $50 Million Contract to Supply Additional Digital Soldier Systems to the Royal Netherlands Army

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Elbit Systems Ltd. (NASDAQ: ESLT) announced a $50 million follow-on contract with the Dutch Ministry of Defence to supply the Royal Netherlands Army with advanced digital soldier and vehicular systems over three years. This contract includes the TORCH-X Dismounted Command and Control systems and E-LynX Software Defined Radio systems, designed to meet the specific needs of the RNLA. The contract reinforces Elbit's ongoing partnership with the Dutch MOD, contributing to the modernization and effectiveness of Dutch soldiers.

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  • Awarded a $50 million contract from the Dutch Ministry of Defence.
  • Contract duration of three years indicates long-term partnership.
  • Supply of advanced digital soldier and vehicular systems enhances military capabilities.
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HAIFA, Israel, Dec. 16, 2020 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems") announced today that it was awarded an approximately $50 million follow-on contract from the Dutch Ministry of Defence ("Dutch MOD") to supply the Royal Netherlands Army ("RNLA") with additional digital soldier and vehicular systems, expanding the soldier modernization program of the RNLA. The contract will be performed over a three-year period.

Under the contract, Elbit Systems will supply digital soldier systems and vehicular integration of improved combat network capabilities including TORCH-XTM Dismounted Command and Control systems and E-LynXTM Software Defines Radio systems. The solutions to be provided were designed to address unique requirements that were presented by the Netherlands' Defence Material Organization and field-tested by RNLA troops.

Haim Delmar, General Manager of Elbit Systems C4I & Cyber, said: "We are pleased to have been given the opportunity to continue to provide the RNLA with advanced combat network capabilities, supporting them throughout their soldier modernization program. We are looking forward to continuing our partnership with the Dutch MOD on programs that contribute to the survivability and effectiveness of the Dutch soldiers".

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.

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, Brand & 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-awarded-50-million-contract-to-supply-additional-digital-soldier-systems-to-the-royal-netherlands-army-301193792.html

SOURCE Elbit Systems Ltd.

FAQ

What is the value of the contract awarded to Elbit Systems by the Dutch MOD?

Elbit Systems was awarded a $50 million follow-on contract.

What systems will Elbit supply to the Royal Netherlands Army?

Elbit will supply TORCH-X Dismounted Command and Control systems and E-LynX Software Defined Radio systems.

How long will the contract with the Dutch Ministry of Defence last?

The contract will be performed over a three-year period.

Which army is the recipient of the systems supplied by Elbit Systems?

The Royal Netherlands Army is the recipient of the systems.

Elbit Systems Ltd

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