Elbit Systems Awarded $65 Million Follow-on Contract to Supply Soldier Systems to the Armed Forces of the Netherlands

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Dec 22, 2019, 03:31 ET

HAIFA, Israel, Dec. 22, 2019 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT, TASE: ESLT) ("Elbit Systems") announced today that it was awarded an approximately $65 million follow-on contract from the Dutch Ministry of Defence ("Dutch MOD") to supply additional soldier systems to the Armed Forces of the Netherlands, as part of the VOSS program (the Dutch program for improved operational soldier systems). The contract will be performed over a two-year period.

Under this follow-on contract, Elbit Systems will supply additional wearable equipment consisting of soldier Load Carriage and Protection (LCP) systems. Under the VOSS program, Elbit Systems is providing the Armed Forces of the Netherlands with man-pack E-LynX Software Defined Radio systems, RAPTOR wearable computing units, Command and Control capabilities as well as vehicle systems.

Haim Delmar, Executive Vice President and General Manager of Elbit Systems C4I & Cyber, said: "We are proud to continue providing advance systems to the Armed Forces of the Netherlands. We are looking forward to continuing our partnership with the Dutch MOD on programs that contribute to the survivability and effectiveness of the Dutch soldiers".

About Elbit Systems
Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land, and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios and cyber-based systems and munitions. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.

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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.

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SOURCE Elbit Systems Ltd.