Elbit Systems awarded $ 338 Million contract to provide E-LynX mobile radio network solution for the Swiss Armed Forces

HAIFA, Israel, December 17, 2020 / PRNewswire / – Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems” or “the Company”) announced today, in addition to the Company’s report from October 29th, 2019, that was issued around $ 338 million contract with the Swiss Federal Department of Defense, Civil Defense and Sport, to provide a network solution for the Swiss Armed Forces throughout the army under the Armed Forces Telecommunications Armed Forces (TK A) digitization program, Ersa. mob Komm. The contract will be completed over six years.

This contract award follows more than three years of extensive and competitive technical as well as field assessments conducted by the Federal Office for Defense Procurement and the Swiss Armed Forces. The available digital mobile network solution is based on the E-LynX family of SDR open architecture, enabling fast, reliable and secure communication across the Swiss Armed Forces.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, he said: “Switzerland as a strategic market for us, and we will continue our efforts to support the Swiss Armed Forces and to expand our cooperation with the Swiss industry. This contract award reinforces the growing recognition by the European Armed Forces of the E-LynX mobile SDR solution as the best enabler for advanced mobile networks and digitization. ”

About Elbit systems

Tha Elbit Systems Ltd. is an international high-tech company engaged in a wide range of defense, homeland security and commercial programs around the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the fields of aerospace, terrestrial and naval systems, command, control, communications, computing, intelligence analysis and reconnaissance (“C4ISR”). ), unmanned aerial systems, advanced electro-optics, electro-optic space systems, EW chambers, signal information systems, data connections and communications systems, radios, cyber-based systems and weapons. The Company will also focus on modernizing existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training systems. and imitations.

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Contact the company:

Joseph Gaspar, Government VP & CFO

Phone: +972-4-8316663

[email protected]

Rami Myerson, Director, Investment Relations

Phone: +972-77-2948984

[email protected]

David Vaaknin, VP, Head of Corporate Communications

Phone: +972-77-2946691

[email protected]

Contact IR:

Ehud Helft

Kenny Green

GK investment relationships

Phone: 1-646-201-9246

[email protected]

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 Trading Act 1934, as amended and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. . . and / or its subsidiaries (jointly the Company), to the extent that such statements do not relate to historical or customary facts. Forward-looking statements are based on current expectations, estimates, projections and assumptions about future events. Forward-looking statements are made in accordance with the safe harbor provisions of the Private Security Literature Reform Act 1995, as amended. These statements are not guarantees of future performance and do not contain any risks, uncertainties and assumptions about the Company, which are difficult to predict. projections of the Company’s future financial results, expected growth strategies and expected trends in its business. Thus, actual results, performance and future trends may differ significantly from these forward-looking statements due to a number of factors, including, without limitation: the scope and duration of customer contracts; government regulations and approval; changes in government budget priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and United States among others; changes in global health and macroeconomic conditions; differences in expected and actual program performance, including 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 exhaustive, and more information is provided in Elbit Systems Ltd ‘s most recent annual report. on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward-looking statements speak directly from the date of this press release. While the Company considers the expectations expressed in the forward-looking statements set out here to be reasonable, it cannot guarantee future results, level of activity, performance or achievements. Furthermore, neither the Company nor anyone else is responsible 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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