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    ESLT   IL0010811243

ELBIT SYSTEMS LTD.

(ESLT)
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Elbit : German Subsidiary Awarded $23 Million Contract to Supply E-LynX Multi-Channel Radios to the Swedish Army

06/17/2021 | 02:32am EDT

Haifa, Israel, June 17, 2021 - Elbit Systems Ltd. (NASDAQ: ESLT, TASE: ESLT) ('Elbit Systems' or 'the Company') announced today that its German subsidiary, Elbit Systems Deutschland GmbH & Co. KG, was awarded an approximately $23 million follow-on contract by the Swedish Defence Material Administration ('FMV') for the supply of additional Software Defined Radios ('SDRs') for the Swedish Armed Forces. The contract will be performed over a period of 30 months.

Further to previous orders received since 2016 from FMV, Elbit Systems will now supply additional E-LynX™ SDR vehicular dual channel configurations, as well as vehicular configurations in full duplex multi-channel technology, as part of Sweden's tactical radio upgrade program. The E-LynX family of SDR is designed in an open architecture approach, featuring unique waveforms and enabling the adoption of European and NATO waveforms. The E-LynX SDR solution was selected by several Armed Forces across Europe including Switzerland, Spain and other NATO countries.

Haim Delmar, General Manager of Elbit Systems C4I & Cyber, said: 'We appreciate the trust placed in our digital communication capabilities by the Swedish Armed Forces, attesting to the technological quality and credibility of our solution. Sweden is an important market for Elbit Systems, and we hope to continue in growing our activities in Sweden'.

E-LynX SDR vehicular configuration in full duplex multi-channel technology AboutElbit 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: +972-77-2946403
rami.myerson@elbitsystems.com

David Vaaknin, VP, Brand & Communications
Tel: +972-77-2946691
david.vaaknin@elbitsystems.com

IR Contact:

Ehud Helft
Gavriel Frohwein
GK Investor Relations
Tel: 1-646-688-3559
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.

Disclaimer

Elbit Systems Ltd. published this content on 17 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2021 06:31:03 UTC.


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Financials (USD)
Sales 2021 5 028 M - -
Net income 2021 318 M - -
Net Debt 2021 755 M - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 6 535 M 6 533 M -
EV / Sales 2021 1,45x
EV / Sales 2022 1,35x
Nbr of Employees 16 676
Free-Float 55,6%
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Bezhalel Machlis President & Chief Executive Officer
Joseph Gaspar Chief Financial Officer & Executive Vice President
Michael Federmann Chairman
Yehoshua Yehuda Chief Technology Officer & Executive VP-Strategy
Yuval Ramon Chief Operating Officer & Executive Vice President
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