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Elbit Systems Awarded Contracts Worth Approximately $335 Million to Supply Defense Systems to a European Country

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Elbit Systems (NASDAQ: ESLT) has secured contracts worth $335 million to supply defense systems to a European country. The contracts include PULS™ rocket launchers and rockets, along with Hermes™ 900 Unmanned Aircraft Systems equipped with advanced payloads. The implementation period spans three years and six months.

The PULS system offers a versatile solution for launching various munitions, while being adaptable to existing platforms. The Hermes 900, Elbit's largest unmanned aerial vehicle, specializes in surveillance and reconnaissance missions, and has been chosen by over 20 customers globally since its 2011 debut.

Elbit Systems (NASDAQ: ESLT) ha ottenuto contratti del valore di 335 milioni di dollari per fornire sistemi di difesa a un paese europeo. I contratti comprendono lanciatori di razzi PULS™ e razzi, insieme a sistemi aerei senza pilota Hermes™ 900 equipaggiati con payload avanzati. Il periodo di attuazione si estende per tre anni e sei mesi.

Il sistema PULS offre una soluzione versatile per il lancio di diverse munizioni, ed è adattabile a piattaforme esistenti. L'Hermes 900, il più grande veicolo aereo senza pilota di Elbit, è specializzato in missioni di sorveglianza e ricognizione, ed è stato scelto da oltre 20 clienti a livello mondiale dal suo debutto nel 2011.

Elbit Systems (NASDAQ: ESLT) ha conseguido contratos por un valor de 335 millones de dólares para suministrar sistemas de defensa a un país europeo. Los contratos incluyen lanzadores de cohetes PULS™ y cohetes, junto con sistemas de aeronaves no tripuladas Hermes™ 900 equipados con cargas útiles avanzadas. El periodo de implementación abarca tres años y seis meses.

El sistema PULS ofrece una solución versátil para lanzar diversas municiones, siendo adaptable a plataformas existentes. El Hermes 900, el mayor vehículo aéreo no tripulado de Elbit, se especializa en misiones de vigilancia y reconocimiento, y ha sido elegido por más de 20 clientes en todo el mundo desde su debut en 2011.

엘빗 시스템즈 (NASDAQ: ESLT)는 유럽 국가에 방위 시스템을 공급하기 위해 3억 3천 5백만 달러 규모의 계약을 체결했습니다. 계약에는 PULS™ 로켓 발사기와 로켓, 그리고 첨단 탑재 장비를 갖춘 허미스™ 900 무인 항공기 시스템이 포함되어 있습니다. 구현 기간은 3년 6개월에 걸쳐 진행됩니다.

PULS 시스템은 다양한 탄약을 발사할 수 있는 다목적 솔루션을 제공하며, 기존 플랫폼에 적응할 수 있습니다. 엘빗의 가장 큰 무인 항공기인 허미스 900은 감시 및 정찰 작전에 특화되어 있으며, 2011년 출시 이후로 전 세계적으로 20명 이상의 고객에게 선택받았습니다.

Elbit Systems (NASDAQ: ESLT) a obtenu des contrats d'une valeur de 335 millions de dollars pour fournir des systèmes de défense à un pays européen. Les contrats comprennent des lance-roquettes PULS™ et des roquettes, ainsi que des Systèmes d'Aéronefs Sans Pilote Hermes™ 900 équipés de charges utiles avancées. La période d'exécution s'étend sur trois ans et six mois.

Le système PULS offre une solution polyvalente pour le lancement de diverses munitions et est adaptable aux plateformes existantes. L'Hermes 900, le plus grand drone d'Elbit, est spécialisé dans les missions de surveillance et de reconnaissance et a été choisi par plus de 20 clients dans le monde depuis son lancement en 2011.

Elbit Systems (NASDAQ: ESLT) hat Verträge im Wert von 335 Millionen US-Dollar zur Lieferung von Verteidigungssystemen an ein europäisches Land gesichert. Die Verträge beinhalten PULS™-Raketensysteme sowie Raketen, zusammen mit Hermes™ 900 Unmanned Aircraft Systems, die mit fortschrittlichen Nutzlasten ausgestattet sind. Die Umsetzungszeit beträgt drei Jahre und sechs Monate.

Das PULS-System bietet eine vielseitige Lösung zum Starten verschiedener Munitionen und ist an bestehende Plattformen anpassbar. Der Hermes 900, das größte unbemannte Luftfahrzeug von Elbit, ist auf Überwachungs- und Aufklärungsmissionen spezialisiert und wurde seit seiner Einführung im Jahr 2011 von über 20 Kunden weltweit ausgewählt.

Positive
  • Secured significant contracts worth $335 million
  • Expanding presence in European defense market
  • Growing customer base for Hermes 900 with over 20 clients worldwide
  • Multi-year contract providing steady revenue stream for 3.5 years
Negative
  • None.

Insights

This $335 million contract win represents a significant strategic expansion in Europe for Elbit Systems, particularly notable given the current heightened defense spending environment. The PULS system's versatility in launching multiple types of munitions and its compatibility with existing platforms offers substantial cost advantages for military customers. The Hermes 900's selection by over 20 customers globally demonstrates strong market validation.

The three-and-a-half-year contract duration provides solid revenue visibility and strengthens Elbit's order backlog. With Europe increasing defense budgets amid geopolitical tensions, this deal could lead to follow-on orders and expanded opportunities in the region. The combination of rocket systems and advanced UAS capabilities positions Elbit well in the growing market for integrated defense solutions.

The PULS platform's technical capabilities represent a significant advancement in artillery systems, offering military forces important tactical flexibility through its multi-mission launch capabilities. The system's adaptability to existing vehicles provides a major operational advantage while minimizing integration costs. The Hermes 900 MALE UAS's proven track record in ISTAR missions adds substantial value, particularly in modern hybrid warfare scenarios where real-time intelligence is critical.

The combination of these two systems enables advanced networked warfare capabilities, potentially allowing the UAS to provide targeting data for precision strikes. This technological synergy significantly enhances the customer's military capabilities and demonstrates Elbit's strength in delivering integrated defense solutions.

HAIFA, Israel, Nov. 18, 2024 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that it was awarded contracts worth a total amount of approximately $335 million, to supply defense systems to a European country. The contracts include the supply of PULS (Precise and Universal Launching Systems) rocket launchers and rockets, as well as Hermes 900 Unmanned Aircraft Systems (UAS) equipped with advanced payloads. The contracts will be performed over a period of three years and six months. 

Elbit_Systems_Logo

Elbit Systems' PULS provides a comprehensive and cost-effective solution capable of launching unguided rockets, precision-guided munitions, and missiles with various ranges. The PULS launcher is fully adaptable to existing wheeled and tracked platforms, enabling significant reductions in maintenance and training costs.

The Hermes 900 multi-role MALE UAS is Elbit Systems' largest unmanned aerial vehicle, designed to perform a wide range of missions, including area dominance and persistent intelligence, surveillance, target acquisition and reconnaissance (ISTAR) across land and maritime domains. Since its first order in 2011, the Hermes 900 has been selected by over 20 customers worldwide.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems: "We are proud to support our European customer with advanced and versatile defense solutions that enhance operational effectiveness and adaptability. These contracts reflect the global trust in our innovative systems, such as the PULS and Hermes 900, which are designed to meet a broad range of mission requirements. Through our comprehensive portfolio, we remain committed to providing our customers with reliable, technologically advanced tools that address today's complex defense challenges."

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 over 20,000 people in dozens of countries across five continents. The Company reported as of June 30, 2024, approximately $1.6 billion in revenues and an order backlog of approximately $21.1 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 

Daniella Finn, VP, Investor Relations
Tel: +972-77-2948984
daniella.finn@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.

Logo: https://mma.prnewswire.com/media/2017806/Elbit_Systems_Logo.jpg

 

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SOURCE Elbit Systems Ltd.

FAQ

What is the value of Elbit Systems' (ESLT) new European defense contracts?

Elbit Systems (ESLT) secured contracts worth approximately $335 million to supply defense systems to a European country.

What defense systems will Elbit Systems (ESLT) supply under the new contracts?

Elbit Systems will supply PULS™ rocket launchers and rockets, as well as Hermes™ 900 Unmanned Aircraft Systems with advanced payloads.

How long will it take Elbit Systems (ESLT) to fulfill these European contracts?

The contracts will be performed over a period of three years and six months.

How many customers have selected the Hermes 900 UAS from Elbit Systems (ESLT)?

Since its first order in 2011, the Hermes 900 has been selected by over 20 customers worldwide.

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