RUAG and Elbit Systems Sign MOU to Form a Joint Venture in Switzerland

RUAG and Elbit Systems announced today that they have signed a Memorandum of Understanding (MOU) to form a Joint Venture Company (JVC). The two companies will establish this entity in Switzerland, under a joint team comprised of professionals from both companies who have already begun to work in collaboration.

The JVC will enable the companies to synergize and leverage their respective competences and serve as a national Communication and System Competence Center of Excellence. The Competence Center will cater to the needs and requirements of the Swiss Federal Department of Defence, Civil Protection and Sport (DDPS). Furthermore, it will act as a knowledge center to support the companies’ joint efforts with regard to a DDPS’ communication program of the Ministry of Defense of Switzerland (Swiss MOD) and other joint endeavors in the future. 

Andreas Berger, CEO RUAG Defence: “We at RUAG Defence are looking forward to working with Elbit Systems and we are convinced that this collaboration will allow us to support the Swiss Army with our proven competence and professionalism.”

Haim Delmar, Senior Vice President Elbit Systems C4I & Cyber: “It is a privilege to be in a position to offer technologically advanced and operational solutions for the Swiss Armed Forces. We are proud to join forces with RUAG and believe that this collaboration will strengthen local support and engineering capabilities through transfer of knowhow.”

 

About RUAG Defence

RUAG Defence is a byword for technological expertise at the very highest level. Its core business includes products and services for tracked and wheeled vehicles, realistic training for soldiers and reliable information and communication infrastructures, as well as protection solutions to counter ballistic and electromagnetic threats. Its comprehensive portfolio also covers maintenance, operation and integration of relevant systems and innovative upgrades for these systems. RUAG Defence’s customers come from all around the world and include the Swiss Armed Forces and international forces, rescue and security organizations, public authorities and civilian organizations. Its global expansion strategy is based on consolidating and expanding its market position in Switzerland, Germany and France. Alongside its sites in Switzerland, the company has branch offices and sales offices in Germany, France, Singapore and the Middle East, as well as partnerships around the globe.

 

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.

Elbit Systems employs over 20,000 people in dozens of countries across five continents. 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 L. Finn, VP Investor Relations
Tel: +972 54 4262636
daniella.finn@elbitsystems.com

Dalia Bodinger, VP, Communication & Brand
Tel: 972-77-2947602
dalia.bodinger@elbitsystems.com