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    ESLT   IL0010811243

ELBIT SYSTEMS LTD.

(ESLT)
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Elbit : SWISSto12 and Elbit Systems to cooperate on the development and production of advanced antennas

07/21/2021 | 09:00am EDT

Haifa, Israel and Renens, Switzerland, July 19th, 2021 - Elbit Systems, a $4.7 billion company, and SWISSto12, a leading provider of 3D printed products for radio frequency (RF) applications in the aerospace and defense industries, announced today a long-term cooperation agreement.

The long-term agreement calls for the development and production of 3D-printed RF antennas and subsystems for Elbit Systems' Naval EW programs in several countries. The successful industrialization of SWISSto12's unique 3D printing technology for serial production in the aerospace and defense industries assures high-performance and cost effective solutions.

'We feel very fortunate to partner with SWISSto12. Their innovative and forward-thinking approach is a perfect fit for Elbit Systems. We are convinced that we will be able to implement many successful projects together. It's a perfect example how offset was used to bring two companies together', says Jakob Baumann, Chairman of the Board of Elbit Switzerland.

Elbit Systems, a world leader in the area of EW, was selected by numerous countries to provide advanced EW solution, in different domains of operation, including the U.S., Canada, Germany, Portugal, Israel and other.

'Elbit's well known ambition to find new innovative solutions is a perfect fit with SWISSto12's unique technology and product portfolio - we are truly honored to become Elbit's strategic partner for RF systems made by 3D printing' said Dr. Emile de Rijk, founder and CEO of SWISSto12. 'This strategic partnership allows us to scale our production and business volume to the next level and comes as an additional customer focused success story' he continued.

Additive Manufacturing (AM), or 3D printing, is an advanced manufacturing technology that has gained traction in the defense and aerospace industries over the last decade. AM allows for the manufacture of highly complicated, intricate and non-conventional designs that free products from typical manufacturing constraints that have long limited their performance, weight, size and cost competitiveness. SWISSto12 pioneered the development of tailored and patented AM technologies aimed at delivering advanced RF performance, size, and weight savings as well as product competitiveness through optimized manufacturing tolerances, surface finishes, plating techniques, and RF designs. The technology and associated products address the increasingly challenging size, weight, power, and cost (SWaP-C) requirements of Tier 1 and 2 customers.

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.

About SWISSto12

SWISSto12 is the leading developer of advanced engineered radio frequency (RF) products for telecommunications, electronic warfare and radar applications in the aerospace and defense industries. The company's patented 3D printing technologies and associated product designs are unique to deliver lightweight, compact, highly performing, and competitive RF products and sub-systems. SWISSto12 has developed commercial with success in Europe and Israel with prominent partners and customers such as Thales, Airbus Defense & Space, Elbit, IAI and the European Space Agency. SWISSto12 is the fastest growing Swiss aerospace company, spun off from the Swiss Federal Institute of Technology in Lausanne (EPFL), is privately owned and backed by prominent Swiss and European Investors. https://swissto12.com/

Media Contacts: SWISSto12 SA

Larissa Updike
Tel: +41 76 5107874
E-Mail: l.updike@swissto12.ch

Elbit Systems

Dana Tal-Noyman

Manager International Corporate Communications

Tel: 972-77-294-8809

Cell: 972-54-9998809

E-Mail: dana.tal@elbitsystems.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 19 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2021 12:59:04 UTC.


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Net income 2021 318 M - -
Net Debt 2021 755 M - -
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Yield 2021 -
Capitalization 6 566 M 6 557 M -
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Nbr of Employees 16 676
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