Haifa, Israel, January 6, 2025 – Elbit Systems Ltd. has been awarded a contract worth approximately $60 million to supply its multi-layered Counter Unmanned Aerial Systems (C-UAS) to a NATO European country. The contract will be performed over a period of 3 years.
As part of the contract, Elbit Systems will deliver its ReDrone™ modular Counter-UAS solution. The ReDrone Solution comprises Elbit Systems’ advanced DAiR Radar, SIGINT (Signal Intelligence) sensors, EW (Electronic Warfare) counter measures and EO (Electro-Optical) day/night payload, which provide an enhanced integrated aerial picture along with high-end electronic attack capabilities.
The ReDrone modular, multi-sensor, and multi-mission system is part of Elbit’s advanced EW, Radars, and SIGINT portfolio. It provides functionalities beyond common active and passive sensors, enabling the rapid detection and location of multiple drones simultaneously across various communication channels, within the protected area. The system can detect, identify, locate, track and neutralize hostile UAS, during day and night, in both urban and rural environments and under various weather conditions. The solution includes both stationary and mobile configurations, which can be installed on vehicular platforms to enhance operational flexibility. Additionally, it includes advanced C4I (Command and Control) capabilities for comprehensive mission management.
Oren Sabag, General Manager of Elbit Systems ISTAR & EW: “This contract, coming amid the rising threat of unmanned aerial systems, follows a series of contracts awarded to us in the CUAS field. We are proud that another NATO member country has chosen our solution, further demonstrating the robustness and effectiveness of our system, built on our advanced capabilities in EW, SIGINT, radar, and EO technologies.”
About Elbit Systems
Elbit Systems is a leading global defense technology company, delivering advanced solutions for a secure and safer world. Elbit Systems develops, manufactures, integrates and sustains a range of next-generation solutions across multiple domains.
Driven by its agile, collaborative culture, and leveraging Israel’s technology ecosystem, Elbit Systems enables customers to address rapidly evolving battlefield challenges and overcome threats.
The Company reported as of September 30, 2024 approximately $1.7 billion in revenues and an order backlog of approximately $22.1 billion.
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Company Contact:
Dr. Yaacov (Kobi) Kagan, ExecutiveVP – CFO
Tel: +972-77-2946663
Daniella Finn, VP, Investor Relations
Tel: +972 -544-262636
finn.daniella@elbitsystems.com
Dalia Bodinger, VP, Communication & Brand
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.
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