Elbit Systems Ltd.

08/20/2019 | Press release | Distributed by Public on 08/20/2019 05:07

Israeli Ministry of Defense Selects Elbit Systems’ Iron Fist Light Decoupled Active Protection System for the Eitan AFV

Haifa, Israel, August 20, 2019 - Elbit Systems announces that following a competitive bid, the Israeli Ministry of Defense (IMOD) selected Iron Fist Light Decoupled (IFLD), the Company's Active Protection System (APS), for the Israeli Defense Forces' (IDF) Eitan new eight-wheeled Armored Fighting Vehicle (AFV) and the D-9 Bulldozer. The award of the contract for the program is subject to completion of negotiations between the parties.

The selection of the IFLD for the IDF's Eitan AFV comes on the heels of the decision by the U.S. Army to proceed with the IFLD for the Bradley AFV.

IFLD uses independent optical sensors, tracking radar, launchers and countermeasure munitions to defeat threats at a safe distance from the defended combat vehicles. The system provides 360-degree protection coverage for close-range scenarios in both open terrain and urban environments. Its low size and weight, versatile high-performance, negligible residual penetration and ease of integration position IFLD as an optimal active protection solution for any fighting vehicle.

Yehuda (Udi) Vered, General Manager of Elbit Systems Land Division, said: 'We are proud to have been selected by the IMOD to provide the IDF with such an important operational capability. The decision of the IMOD to prefer IFLD adds to the growing interest in this APS by many modern armed forces who seek to enhance protection capabilities for their AFVs.'

Click to watch a clip of the Iron Fist Light Decoupled

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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Contacts:

David Vaaknin

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Tel: 972-77-2946691

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[email protected]

Dana Tal-Noyman

Manager, International Corporate Communications

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Cell: 972-54-9998809

[email protected]

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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