Media

The Directorate of Defense Research & Development (DDR&D) at the Israel Ministry of Defense (IMOD) announces today (Monday) the completion of a series of cumulative deals with Elbit Systems for the supply of advanced communication systems to the IDF, totaling approximately $130 million (about half a billion shekels).

 

The contracts include the supply of thousands of advanced communication systems from the software-defined radio (SDR) family, satellite communication systems, data-links for autonomous platforms, and the expansion of regional maintenance centers operating 24/7 in support of combat forces. Additionally, over the past year, the IMOD’s DDR&D, in collaboration with Elbit Systems and the IDF, has developed innovative solutions for secure and encrypted communication adapted to the evolving needs of IDF units.

 

These contracts are part of a broader strategic initiative led by the Director General of the IMOD, Maj. Gen. (Res.) Eyal Zamir, encompassing a series of key procurements designed to strengthen manufacturing independence in Israeli industries and expand local production lines to support the IDF’s current and future operational needs.

 

Haim Delmar, General Manager of Elbit Systems C4I & Cyber: “As a key partner in the IDF’s digital maneuver effort, we take pride in delivering the most advanced and secure tactical communication systems to forces in the field. These systems serve as the foundation of a digital army, utilizing a dynamic, intelligent, and cognitive network to enable multi-domain connectivity and operational superiority. Our technology provides real-time situational awareness, ensures information availability, and delivers precision and adaptability in complex and rapidly evolving battlefields.”

 

 

 

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.

For additional information, visit: https://elbitsystems.com, follow us on Twitter or visit our official Facebook, Youtube and LinkedIn Channels.

 

Company Contact:  

Dr. Yaacov (Kobi) Kagan, ExecutiveVP – CFO

Tel:  +972-77-2946663

kobi.kagan@elbitsystems.com

 

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.

Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this 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.