Elbit Systems Awarded $16 Million Contract to Supply XACT Night Vision Goggles

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HAIFA, Israel, June 8, 2021 /PRNewswire/ — Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems”) announced today that its UK subsidiary, Elbit Systems UK Limited. (“Elbit Systems UK”), was awarded an approximately $16 million (approximately £11.5 million) initial contract by the UK Ministry of Defence to provide the UK Armed Forces with XACT Night Vision Goggles (“NVG”). The initial contract will be performed over an 18-month period with the potential for additional follow-on orders over a period of five years.

Under the contract, Elbit Systems UK will supply the lightweight micro binocular XACT nv33 NVGs in a helmet-mounted configuration. XACT nv33 NVG improves mission efficiency during dark conditions and enables safe, off-road vehicle driving without headlights. Systems from the XACT family have been selected by a number of NATO countries including Germany and the Netherlands, as well as by Israel, and are operationally proven.

Martin Fausset, CEO of Elbit Systems UK, said: “The XACT nv33 NVG systems have already been proven to enhance the operational effectiveness of several militaries around the world and we are pleased with the opportunity to provide this capability to the UK. The manufacturing and delivery of the XACT nv33 NVGs will create more skilled jobs in the UK and demonstrate freedom of action and value for money to the UK customer”.

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, 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.

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

Company Contact:       

Joseph Gaspar, Executive VP & CFO

Tel:  +972-4-8316663

[email protected]

 

Rami Myerson, Director, Investor Relations

Tel: +972-77-2948984

[email protected]

 

David Vaaknin, VP, Head of Corporate Communications

Tel: +972-77-2946691

[email protected]

IR Contact: 

Ehud Helft

Kenny Green

GK Investor Relations

Tel: 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 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…



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