Elbit Systems secures contract from international customer for new air defense system valued at approximately US$50 million



Haifa, Israel, April 30, 2024 /PRNewswire/—— Elbit Systems, Inc. (NASDAQ: ), Inc.. (Nasdaq: ESLT) (Level: ESLT) (“Elbit Systems” or the “Company”) announced today that it has obtained an agreement in the amount of approximately US$50 million New air defense system “Red Sky”™ for international customers. The execution period of the contract is 2 years.

Red Skies is a tactical very short-range air defense (VSHORAD) system designed to provide protection against low-altitude aerial threats. As part of the contract, Elbit Systems Two Red Sky batteries will be provided to provide a comprehensive solution integrating soft-kill and hard-kill defense capabilities.The solution includes Elbit Systems Redrone is an electronic warfare (EW) solution designed to detect, identify, locate and neutralize unmanned aerial systems. Redrone system includes radar, Signal Intelligence (SIGINT) sensor, RF jammer, and COAPS-L Electro-Optical (EO) payload. In addition, the “Red Sky” solution will be equipped with anti-aircraft missile launchers.

Yehuda (Udi) VeredGeneral Manager of Elbit Systems Land: “The 'Red Sky' system represents a state-of-the-art solution that meets the urgent need to defend borders and protect strategic assets from various aerial threats at an affordable cost. This new defense solution is based on both sides Created in close collaboration. Elbit Systems department, building modules using existing Elbit systems and integrating them into comprehensive new solutions with new air defense missiles and advanced soft-kill defense mechanisms.

About Elbit Systems

Elbit Systems is a leading global defense technology company providing advanced solutions for a safer, more secure world. Elbit Systems Develop, manufacture, integrate and maintain a range of next-generation solutions across multiple domains.

Driven by its agile, collaborative culture and utilization Iseral's technology ecosystem, Elbit Systems Empowering customers to meet rapidly changing battlefield challenges and overcome threats.

Elbit Systems It has approximately 19,000 employees in dozens of countries on five continents. In 2023, the company reports approx. $6 billion Revenue and backlog $17.8 billion.

For more information, please visit: https://elbitsystems.com and follow us Twitter Or visit our official Facebook (NASDAQ: ), Youtube and LinkedIn channels.

Company contact information:

PhD. Yaakov (Kobe) Kagan, Executive Vice President – Chief Financial Officer
Tel: +972-77-2946663
kobi.kagan@elbitsystems.com

PhD. David LaVey, investor relations
Tel: +972-77-2947169
david.ravia@elbitsystems.com

Dalia Bodinger, Vice President of Communications and Brand
Phone: 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 of 1968) Elbit Systems Ltd. and/or its subsidiaries (collectively, the Company), to the extent that such statements do not relate to historical or current fact. 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 of the company that are difficult to predict, including forecasts of the company's future financial performance, expected growth strategies and expected business trends.Accordingly, due to a variety of factors, including, but not limited to: the scope and duration of customer contracts; government regulations and approvals; changes in government budget priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and USAetc., including the duration and scope of the current war Israeland the potential impact on our operations; changes in global health and macroeconomic conditions; differences in expected 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 above factors are not exhaustive and more information is included in Elbit Systems Ltd. Latest annual report on Form 20-F, on file U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release. Although the Company believes that the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, levels of activity, performance or achievements. Furthermore, neither the Company nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements.

Elbit Systems Ltd.whose logos, brands, product, service and process names appearing in this release are the trademarks or service marks of Elbit Systems Ltd. or its affiliates. All other brand, product, service and process names appearing are the trademarks of their respective owners.Reference or use of products, services or processes other than those listed below Elbit Systems Ltd. does not imply recommendation, approval, affiliation, or sponsorship of the product, service, or process 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. Elbit Systems Ltd. or any third party, except as expressly granted herein.

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