After having signed an MoU (Memorandum of Understanding in June this year, Krauss-Maffei Wegmann (KMW), Ulm based defence company Elbit Systems Deutschland and Elbit Systems Land have agreed to intensify their strategic cooperation.

Background is the modernisation and the capability extension of the European Multiple Launch Rocket System (MLRS / MARS II). Elbit provides a modern effector portfolio, to fully comply with the MLRS-User demands from extended range rockets to new training ammunition which will enable the user to "train as you fight" on national proving grounds.

KMW and Elbit have established the concept "Euro-PULS" for the next generation European Long Range Rocket Artillery as the successor system for the MLRS. This concept has already been offered to the first European customers. The Euro-PULS system is based on Elbit Systems' operational and in-service Multi-Purpose Universal Launching System (PULS) and a range of precision guided munitions. KMW complements the Euro-PULS with decades of know-how as system house and vast experience in building and customizing (rocket) artillery systems complying European standards. This provides the capability to integrate every rocket according to User's requirements. Both companies envision a local rocket production to ensure Europe's independence.

This means a Future Rocket Artillery System made in Europe.

Yehuda (Udi) Vered, General Manager of Elbit System Land, commented: "I am confident that the Euro-PULS will provide effective and timely solution for both the operational and industrial needs of European countries. I am encouraged by the level of interest this initiative is already drawing from European and NATO countries."

"I welcome the cooperation with Elbit. In this partnership, we see a chance to underline the potential of our artillery capabilities. The potential opportunities allow KMW to become one of the most modern system houses for rocket artillery", comments Ralf Ketzel, Chairman of the KMW Management Board.

Elbit Systems Deutschland is a leading system provider of sensor technology, radio communication, guidance systems, Electronic Warfare systems, unmanned systems and cyber security. Elbit Systems Deutschland product portfolio, from development to production and support in the field, meets the current and future requirements of the German Armed Forces and German security authorities. The company operates in Ulm, Koblenz and Berlin. More information is available at www.elbitsystems-de.com.

Krauss-Maffei Wegmann, a member of the German-French defense technology group KNDS, leads the European market for highly protected wheeled and tracked vehicles. At locations in Germany, Brazil, Greece, Hungary, Singapore, the United Kingdom and the USA more than 4.000 employees develop, manufacture and support a product portfolio ranging from air-transportable, highly protected wheeled vehicles through reconnaissance, anti-aircraft and artillery systems to main battle tanks, infantry fighting vehicles* and bridge-laying systems. In addition, KMW has wide-ranging system competence in the area of civil and military simulation, as well as in command and information systems and remote-controlled weapon stations with reconnaissance and observation equipment. The armed forces of more than 50 nations worldwide rely on tactical systems by KMW.

*Joint Venture with national and international partners.

Unless otherwise indicated, all products are registered trademarks of Krauss-Maffei Wegmann GmbH & Co. KG

Elbit Systems Contact:

Dalia Bodinger, VP, Brand & Corporate Communications

Tel: +972-77-2947602

dalia.bodinger@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 02 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2022 12:03:06 UTC.