STOCK TITAN

Elbit Systems of America and Textron Systems team on Advanced Reconnaissance Vehicle prototype for USMC

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

Elbit Systems of America has partnered with Textron Systems to develop the Advanced Reconnaissance Vehicle (ARV) prototype for the U.S. Marine Corps, set to replace the outdated Light Armored Vehicle. The ARV will feature advanced technologies that enhance combat capabilities and situational awareness. Elbit's IronVision will provide a 360-degree situational awareness suite, crucial for success in modern environments. This development aligns with the USMC's needs for advanced reconnaissance systems, promising significant improvements in lethality and survivability for Marines.

Positive
  • Partnership with Textron Systems for ARV development enhances innovation.
  • Introduction of advanced technologies improves combat capabilities.
  • 360-degree situational awareness system enhances operational effectiveness.
Negative
  • None.

FORT WORTH, Texas, May 4, 2021 /PRNewswire/ -- As the United States Marine Corps (USMC) Systems Command works toward the next phase of replacing the legacy Light Armored Vehicle with a modern, robust Advanced Reconnaissance Vehicle (ARV), Elbit Systems of America has teamed with Textron Systems to produce a solution that provides Marines with transformational capabilities, including enhanced situational understanding technologies.

The USMC has identified characteristics their new ARV must include as the core-manned next-generation system for light armored reconnaissance battalions. In response, Textron Systems has partnered with Elbit Systems of America and others to create the Cottonmouth prototype ARV.

"Elbit Systems of America is excited to be teamed with Textron Systems as a key partner for building the Advanced Reconnaissance Vehicle for the United States Marine Corps," said Ridge Sower, Vice President of Ground Combat and Precision Targeting at Elbit Systems of America. "Our ARV concept will provide a key and critical capability to the USMC and include advanced technologies that will make it relevant both today and for decades to come. Our 360-degree multi-domain situational awareness suite will provide significant increases in the lethality and survivability of Marines."

Building off the success of Elbit Systems of America's IronVision and gimbaled sight solutions, the company will provide the 360° Situational Awareness vision suite for the Cottonmouth prototype ARV. The system will bring together video images from outside the ARV, overlay terrain and obstacle information, along with navigation and battlespace symbology, and present a single image of the ARV's surroundings to all crew members within the vehicle. This comprehensive and intuitive view of their surroundings, available both on crew workstations and the IronVision Helmet Mounted Display, gives the crew the ability to "see-through" the armor of the Cottonmouth, empowering them with unparalleled situational understanding while under armor.

The successful ARV prototype will ultimately replace the USMC's Light Armored Vehicle that's been in use since the 1980s.

More information:

About Elbit Systems of America, LLC

Elbit Systems of America, headquartered in Fort Worth, Texas, is a leading provider of high-performance products, system solutions, and support services focusing on the defense, homeland security, law enforcement, commercial aviation, and medical instrumentation markets. With facilities throughout the U.S., Elbit Systems of America is dedicated to supporting those who contribute daily to the safety and security of the United States. Elbit Systems of America, LLC is wholly owned by Elbit Systems Ltd. (NASDAQ: ESLT and TASE: ESLT), a global high technology company engaged in a wide range of programs for innovative defense and commercial applications. For additional information, visit: www.ElbitAmerica.com or follow us on Twitter, LinkedIn and Instagram.

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.

Trademarks

Elbit Systems of America and other trademarks, service marks and logos are registered or unregistered marks of Elbit Systems of America companies in the United States and in foreign countries. Copyright ©2021Elbit Systems of America. All rights reserved.

Forward Looking Statement

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.

Media Contacts:

Greg Caires | 682-286-2299 | greg.caires@elbitsystems-us.com

Amy Hartley I 682-286-2411 I amy.hartley@elbitsystems-us.com

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/elbit-systems-of-america-and-textron-systems-team-on-advanced-reconnaissance-vehicle-prototype-for-usmc-301282840.html

SOURCE Elbit Systems of America, LLC

FAQ

What is the partnership between Elbit Systems and Textron Systems about?

Elbit Systems of America has teamed with Textron Systems to develop the Advanced Reconnaissance Vehicle (ARV) prototype for the U.S. Marine Corps.

What features does the Advanced Reconnaissance Vehicle include?

The ARV will include advanced technologies for enhanced situational awareness and combat capabilities, including a 360-degree vision suite.

When was the press release about the ARV prototype made?

The press release was issued on May 4, 2021.

How will the ARV prototype impact the U.S. Marine Corps?

The ARV prototype aims to significantly improve the lethality and survivability of Marines by providing improved situational awareness.

What will the ARV replace?

The Advanced Reconnaissance Vehicle will replace the legacy Light Armored Vehicle currently in use by the U.S. Marine Corps.

Elbit Systems Ltd

NASDAQ:ESLT

ESLT Rankings

ESLT Latest News

ESLT Stock Data

11.47B
24.90M
44.02%
19.55%
0.12%
Aerospace & Defense
Industrials
Link
United States of America
Haifa