Elbit Systems Awarded a Follow-On Contract to Supply Hermes™ 900 Unmanned Aircraft Systems to the Brazilian Air Force
Elbit Systems Ltd. (NASDAQ: ESLT) announced that its Brazilian subsidiary, AEL Sistemas S.A., has secured a contract to supply additional Hermes 900 UAS to the Brazilian Air Force. The contract, which is not material to Elbit's overall financials, will be executed over 16 months and includes the provision of UAS and spare parts. The Hermes 900 UAS has established a presence in 12 countries, showcasing its technological reliability. This aligns with the Brazilian Air Force's mixed fleet operations aimed at enhancing security and monitoring in the Amazon region.
- Award of a contract to supply Hermes 900 UAS indicates ongoing business expansion.
- The Hermes 900 UAS is used by 12 countries, reflecting its strong market position.
- Strengthens long-term relationships with the Brazilian Air Force.
- None.
HAIFA, Israel, Jan. 5, 2022 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that its Brazilian subsidiary, AEL Sistemas S.A. ("AEL"), was awarded a contract to supply additional Hermes™ 900 UAS (Unmanned Aerial Systems) to the Brazilian Air Force (Força Aérea Brasileira "FAB"). The contract is in an amount that is not material to Elbit Systems and will be performed over a period of 16 months.
Under the contract, the Company will supply its Hermes 900 UAS and spare parts. Over the past decade, the FAB has been operating a mixed fleet of Elbit Systems' Hermes 900 and Hermes 450 UAS to perform a range of missions including Homeland Security and deforestation monitoring operations in the Amazons. The Hermes 900 UAS has been selected to date by 12 countries, attesting to its competitive edge combining technological sophistication, reliability, open architecture and a solid growth path.
Yoram Shmuely, General Manager of Elbit Systems' Aerospace, commented: "We are proud to be an integral part of the FAB UAS fleet's growth roadmap. We are pleased by the growing customer base of the Hermes family of UAS users around the globe."
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: | IR Contact: |
Joseph Gaspar, Executive VP & CFO | Ehud Helft |
Tel: +972-4-8316663 | Kenny Green |
GK Investor Relations | |
Tel: 1-646-201-9246 | |
Rami Myerson, Director, Investor Relations | |
Tel: +972-77-2948984 | |
David Vaaknin, VP, Head of Corporate Communications | |
Tel: +972-77-2946691 | |
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.
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