Haifa, Israel, April 16, 2018 – Elbit Systems Ltd. (NASDAQ: ESLT and TASE: ESLT) (“Elbit Systems” or “the Company”) announces the opening of an office in Berlin as part of its expansion of its activities in the German market.
Following more than a decade of successful activities in Germany, focusing on the development of a technological, industrial and commercial base, Elbit Systems’ office in Berlin will enhance the Company’s growing activity in the market. The acquisition in 2004 of the long-time provider to the German Defense Forces, TELEFUNKEN RACOMS, and the strong relationships with leading local German defense industries, have placed Elbit Systems’ operations in Germany on sound foundations that combine knowledge transfer and industrial capabilities. The Company’s presence in the market enables it to successfully engage in several programs for the German defense forces, including: supplying a variety of tactical radio systems, providing advanced electro-optic systems for infantry soldiers, and together with DIEHL BGT Defense, developing and supplying directional infra-red countermeasure (DIRCM) systems for Airbus A400M military transport aircraft.
Elbit Systems views Germany as a key market and as an international technological and industrial hub with sophisticated military and homeland security forces. The Company is continuously exploring additional cooperation with local industries and plans to focus its efforts on leveraging its operationally proven systems and globally acclaimed technological expertise in order to offer a broad portfolio of solutions as well as expand transfer of knowledge and enhance local production.
Elbit Systems has been consistently expanding its operations in key European markets, as part of the Company’s long-term strategy. Examples of recent European programs include the UK Military Flight Training System, the Benelux Smart Vest program, the Swiss Unmanned Aircraft Systems program, providing self-protection systems for NATO’s A330 fleet and providing a European country with an array of electronic warfare and signal intelligence systems.
Ran Kril, Executive VP for International Marketing & Business Development at Elbit Systems, said: “Germany is a key market and is significant to Elbit Systems’ continuous growth and growing presence in Europe. We appreciate the challenge and opportunity of developing and supplying operationally proven solutions to one of the world’s most advanced defense forces”. Kril added: “We intend to leverage our extensive experience in providing robust, precise, networked solutions to leading defense forces in order to further contribute to the German defense forces and to the German economy.”
About TELEFUNKEN RACOMS
TELEFUNKEN Radio Communication Systems GmbH & Co. KG, a wholly-owned subsidiary of Elbit Systems, provides system solutions and products. It focuses on advanced products and systems in the field of defense and security for ground, air and naval applications. TELEFUNKEN Radio Communication Systems GmbH & Co. KG was formerly known as EADS Radio Communication Systems GmbH & Co. KG and changed its name to TELEFUNKEN Radio Communication Systems GmbH & Co. KG in 2004. The company was founded in 1903 and is based in Ulm, Germany.
TELEFUNKEN RACOMS HF radio HRM 7000 Manpack
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David Vaaknin VP, Head of Corporate Communications Tel: 972-77-2946691 Cell: 972-52-8000403 |
Dana Tal-Noyman Manager Corporate Communications & Digital Tel: 972-77-2948809 Cell: 972-54-9998809 |
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Noga Hatkevitz Corporate Communications Tel: 972-77-2947541 Cell: 972-54-9990424 |
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This press release contains forward‑looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current fact. Forward-looking statements are based on management’s expectations, estimates, projections and assumptions. 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 and uncertainties, which are difficult to predict. 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; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; 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. 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.