Elbit Systems of America providing upgraded night vision goggles for U.S. Marines through 2022

Rhea-AI Summary

Elbit Systems of America has received an approximately $41 million order from the USMC to replace legacy night vision devices with the upgraded Squad Binocular Night Vision Goggle (SBNVG). This initiative started in 2019 under an IDIQ contract and will continue through March 2022. The SBNVG features enhanced clarity, depth perception, and thermal imaging, aimed at improving Marines' operational effectiveness. All units will be produced at the company's facility in Roanoke, Virginia.

Positive

• Received a $41 million order from the USMC for upgraded night vision systems.
• The SBNVG offers improved capabilities, enhancing operational effectiveness for Marines.

Negative

• None.

FORT WORTH, Texas, April 20, 2021 /PRNewswire/ -- United States Marines rely on Elbit Systems of America's lightweight night vision systems known as the Squad Binocular Night Vision Goggle (SBNVG) to provide added clarity, agility, and lethality. This is a major upgrade to the USMC's legacy night vision device, the PVS-14. This advancement was initiated in 2019 under an Indefinite Delivery/Indefinite Quantity (IDIQ) contract. Elbit Systems of America received an approximately $41 million order from the USMC for the delivery order under this IDIQ, to continue replacing the Marines' legacy monocular night vision systems with SBNVGs through March 2022. All orders will be fulfilled from Elbit Systems of America's Roanoke, Virginia facility.

The SBNVG is a helmet-mounted system that provides Marines with increased depth perception, enhanced clarity through high-performance white phosphor image intensifier tubes, a thermal-imaging capability, and more. These features, along with extra-long run times, provide Marines an added edge on the battlefield.

"Marines need the ability to quickly understand their surroundings and act to engage their targets – no matter the light conditions – and Elbit Systems of America's SBNVG provides this power in a lightweight, adjustable system," said Raanan Horowitz, President and CEO of Elbit Systems of America. "The Squad Binocular Night Vision Goggle is an ideal upgrade."

Elbit Systems of America has a proud history supplying the USMC with night vision and electro-optic innovations, as well as superior airborne solutions to enhance mission success.

More details about Elbit Systems of America – Night Vision are available at www.nightvision.com.

Access a 2020 USMC article on SBNVGs at https://www.marines.mil/News/News-Display/Article/2086091/marines-test-new-night-vision-goggles-in-realistic-setting/.

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) (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 ©2021 Elbit 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

View original content to download multimedia:http://www.prnewswire.com/news-releases/elbit-systems-of-america-providing-upgraded-night-vision-goggles-for-us-marines-through-2022-301272264.html

SOURCE Elbit Systems of America, LLC

FAQ

What is the recent contract amount Elbit Systems of America received from the USMC?

Elbit Systems of America received an approximately $41 million order from the USMC.

When will the upgraded night vision goggles be delivered to the Marines?

The delivery of the upgraded night vision goggles will continue through March 2022.

What is the purpose of the Squad Binocular Night Vision Goggle (SBNVG)?

The SBNVG is designed to provide Marines with enhanced clarity, depth perception, and thermal imaging capabilities.

Where will the SBNVGs be produced?

The SBNVGs will be produced at Elbit Systems of America's facility in Roanoke, Virginia.