The "Elbit Systems - Fokker Services Group" team aims to provide advanced, cost-effective military flight training solutions

Rotterdam, the Netherlands - November 17, 2022 - During the latest edition of NIDV's Exhibition Defence & Security (NEDS) Elbit Systems and Fokker Services Group signed an agreement to provide advanced, proven military flight training capabilities. Under the cooperation scheme Fokker Services Group will add its considerable MRO expertise and capacity to Elbit Systems' comprehensive portfolio of advanced flight training solutions that can be optimised to meet domestic requirements.

Roland van Dijk, Co-CEO of Fokker Services Group, commented: "Our portfolio for special mission aircraft services and solutions is constantly expanding. By combining our maintenance expertise with Elbit Systems' advanced military flight training capabilities, we offer defence customers a complete solution. This is the first step in this new collaboration, and in the future we will explore ways to further grow and combine the unique skills and capabilities of both companies."

Adi Raviv, VP Flight Academies & Services of Elbit Systems Aerospace, added: "We are proud to team with the renowned Fokker Services Group. This latest cooperation is part of Elbit Systems' wider strategy for the Dutch market with the company seeking to strengthen its partnerships with domestic industrial leaders. The overall goal is to improve Elbit Systems' ability to respond to the Dutch customer's needs in a customised way with regard to ongoing and future procurement programmes."

Operating almost 200 aircraft around the globe, Elbit Systems has a proven track record when it comes to selecting, procuring, operating and sustaining fleets of elementary, basic and other training aircraft combined with 5th Generation in-flight and ground based training systems. Using flexible, cost-effective business models, Elbit Systems' modern flight training approach allows its customers to focus on conducting actual training.

As an independent integrator, Fokker Services Group modifies and services transport, surveillance, other special mission aircraft and helicopters in addition to providing engineering services for various customers. Since 2017, Fokker Services Group has also delivered standard parts for the Royal Netherlands Air Force's (RNLAF's) aircraft, helicopters and multiple support systems. Providing the RNLAF with a single point of contact for all standard parts requirements, approximately 20,000 part numbers are included in the total support solution, with an on-time delivery performance of over 98%.

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 and 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 Fokker Services Group

Fokker Services Group is an independent aviation aftermarket company with a global reach. Providing comprehensive solutions from its five facilities in Europe, Asia and the Americas, Fokker Services Group is a key partner for regional, narrow-body and wide-body platforms in the Commercial, VIP, Cargo and Defense markets. The organization offers a unique set of capabilities, products and services: 'Modifications & Engineering Services' for the latest technical solutions; 'Component & Material Services' such as nose-to-tail programs, exchange services, component repairs, parts manufacturing and spares deliveries; 'Airframe Services' for aircraft MRO including lease transitions and painting; and 'Aircraft Completion & Conversion Services' for Executive, VVIP and Special Mission aircraft upgrades. With this broad range of expertise, Fokker Services Group ensures the continued competitive operation of its customers' fleet.

For additional information, visit: https://www.fokkerservices.com, follow us on LinkedIn or visit our official Facebook, Twitter, Instagram and Youtube channels.

Elbit Systems Contact:
David Vaaknin, VP,
Head of Corporate Communications
Tel: +972-77-2946691
david.vaaknin@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 17 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2022 16:08:04 UTC.