Elbit Systems Ltd. and CN ROMARM S.A, through its subsidiary S Uzina Automecanica Moreni S.A. (UAM), have announced a cooperation agreement between the two companies in the field of artillery production.
As part of the agreement, the parties will establish a Romanian Artillery Center, with the participation of additional local companies to enhance the domestic industrial base, generate additional employment opportunities and establish a strong foundation for sovereign artillery production in Romania.
The cooperation agreement includes production of Elbit Systems' 155mm ATMOS Advanced Mobile Howitzers including the transfer of know-how for the manufacturing, production, assembly and integration of the ATMOS howitzers. ROMARM and UAM will operate as the system integrator, with more than 50% of the total workshare. Moreni will also serve as a long-term local support and maintenance provider for the ATMOS Howitzers.
The partners are considering additional potential Romanian companies for participantion in the center of excellence including: ELMET International SRL, Bacau, a manufacturer of Electronic Cables and Mechanical subsystems; IOR Optics Company Bucharest, a producer of military and civilian-grade optics; Simultec SRL, a supplier of operational and tactical trainers and simulators for defence; Systematic, to supply and support the Tactical Communications Network, Fire Support software and C4I applications.
The success of this partnership should generate new employment opportunities in Romania, supported by the growing demand for 155mm Howitzers from the Romanian military and other NATO and EU countries.
Udi Vered, General Manager, Elbit Systems Land: "Elbit systems, a global leader in artillery gun systems and heavy turrets, has proven its business model through its 25-year commitment to the Romanian market. Our battle proven solution can be further developed with ROMARM through UAM production capabilities and transform Romania into our artillery hub for the region. By working together with ROMARM, we aim to position ourselves as a strategic supplier not only to the Romanian Land Forces, but also to the entire European market."
Corneliu Vişoianu, General Manager, Uzina Automecanica Moreni S.A.(UAM): "UAM is a specialized company for designing, fabrication and maintenance of armored vehicles since 1958, with over 15000 vehicles delivered to Romanian Ministery of Defence, Norh of Africa or South East. As National Centre for Maintenance, UAM is looking at extending its list of products and new technologies in order to answer for the new challenges that the region is facing. In this respect, production of ATMOS Advanced Mobile Howitzers with ELBIT Systems is a great opportunity".
Elbit Systems is a high-tech defense company, that among other solutions, specializes in land and weapons systems house including the design, development, manufacture and integration of Artillery Howitzer Gun Systems, Mortar Systems, Remote-Controlled Weapon Systems (RCWS), manned and unmanned turrets, tanks and combat vehicles upgrade and modernization as well as comprehensive, high-performance array of precision ammunition, rocket solutions and combat mobility, survivability and protection systems.
Elbit Systems has been working in Romania for decades, owning two local companies - ELMET, the largest defence exporter in Romania, and Simultec, Training and Simulators Company.Elbit Systems 155mm ATMOS Advanced Mobile Howitzer
Uzina Automecanica Moreni(UAM) is a company with over 55 years of experience in the field of design, manufacture and maintenance of armored vehicles and special vehicles both for the forces of the national defense system and for foreign customers. During this time, over 15,000 units vehicles have been manufactured in different configurations.
As a sign of appreciation for these activities, UAM was designated as the National Maintenance Center for armored vehicles belonging to the Ministry of National Defense of Romania.
The company also focuses on developing new technologies for defence and civilian applications, for these reasons we already invested over 7 milion euro in latest 3 years and for next year we will invest over 4 milion euro. On this way the premises are created for the creation of an "Advanced technologies center for mobility", especially for defense products.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:, follow us on or visit our official , and Channels.
Mircea Constantin, Director Advisor
Tel: 0040 722 258760
Elbit Systems Company Contact:
Dr. Yaacov (Kobi) Kagan, EVP & Chief Financial Officer
Rami Myerson, Director, Investor Relations
Dalia Bodinger, VP, Communication & Brand
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.
Elbit Systems Ltd. published this content on 29 November 2023 and is solely responsible for the information contained therein. Distributed by, unedited and unaltered, on 29 November 2023 15:26:09 UTC.