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MarketScreener Homepage  >  Equities  >  TEL AVIV STOCK EXCHANGE  >  Elbit Systems Ltd.    ESLT   IL0010811243

ELBIT SYSTEMS LTD.

(ESLT)
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Elbit : Awarded a Contract to Supply E-LynX Software Defined Radio Solution for the Spanish Army

11/30/2020 | 10:26am EST

HAIFA, Israel- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ('Elbit Systems') announced today that it was awarded a contract to supply the E-LynX Software Defined Radio ('SDR') solution for the combat battalion level of the Spanish Army. The new radio network for the battalion level is a first step in the Spanish combat radio network modernization program. The solution to be supplied comprises hundreds of handheld E-LynX SDR systems for dismounted soldiers and vehicular systems that will be installed onboard a range of combat platforms. The contract, which is in an amount that is not material to Elbit Systems, will be performed in cooperation with Telefonica, S.A. (NYSE: TEF, BMD: TEF), within a period of six-months.

The selection of the E-LynX SDR solution follows competitive technical and field evaluations conducted by the Directorate-General for Armament and Material (DGAM) of the Spanish Ministry of Defense, including a close examination of the capability to implement future waveforms and to comply with strict security standards and anti-jamming requirements. The E-LynX SDR solution that Elbit Systems will provide to the Spanish Army is similar to the solutions that have recently been selected by several other countries, including Switzerland, Sweden and Israel, as the radio solutions for their respective army-wide mobile network modernization programs.

Haim Delmar, Executive Vice President and General Manager of Elbit Systems C4I and Cyber, commented: 'We are proud of this prestigious selection as it underscores the growing recognition of E-LynX as the favored SDR solution in Europe. Spain is an important market for Elbit Systems, and we will continue to invest and expand our local capabilities and technologies in Spain.'

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, Head of 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.

SOURCE Elbit Systems Ltd.

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ELBIT SYSTEMS LTD. 1.11% 43510 Delayed Quote.4.70%
TELEFONICA S.A. -0.11% 3.635 Delayed Quote.12.08%
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Financials (USD)
Sales 2020 4 631 M - -
Net income 2020 252 M - -
Net Debt 2020 659 M - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 5 825 M 5 825 M -
EV / Sales 2020 1,40x
EV / Sales 2021 1,33x
Nbr of Employees 16 575
Free-Float 55,7%
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Managers and Directors
NameTitle
Bezhalel Machlis President & Chief Executive Officer
Michael Federmann Chairman
Yuval Ramon Chief Operating Officer & Executive Vice President
Joseph Gaspar Chief Financial Officer & Executive Vice President
Yehoshua Yehuda Chief Technology Officer & Executive VP-Strategy
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