Elbit Systems of America Wins $10 Million Contract to Develop Advanced Night Vision Sensor

HAIFA, Israel, September 12, 2022 /PRNewswire/ — Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems”) today announced that its U.S. subsidiary, Elbit Systems of America LLC, (“Elbit Systems of America”), has obtained a $10 million contract by SOSSEC, Inc. to begin Phase II development of an Advanced Low Light Level Sensor (ALLLS) for use in support of the U.S. Army’s Integrated Visual Augmentation System (IVAS) 2.0 for soldiers. The Contract will run through 2025 and work will be conducted in Roanoke, Virginia.

SOSSEC, Inc. manages the System of Systems Consortium (SOSSEC) and the Sensors, Communications, and Electronics Consortium (SCEC) through the U.S. Department of Defense’s Other Transaction Authority project lifecycle.

Under the contract, Elbit Systems of America will develop several prototype cameras for laboratory and field testing and experimentation by its night vision team. The ALLLS is a critical component of the U.S. Army’s IVAS 2.0 concept that integrates next-generation situational awareness tools and high-resolution digital sensors to provide a single operational picture. The IVAS 2.0 is intended to be a vastly improved heads-up display, vastly improving the way a soldier senses the surrounding environment and makes critical decisions on the battlefield.

Raanan HorowitzPresident and CEO of Elbit Systems of Americasaid, “Innovation is what we do. Our people understand that breakthrough innovations require bold ideas and execution. We are committed company-wide to developing new capabilities for our customers. We are excited to focus on the ALLLS project and accomplish the needs of the U.S. military, while learning new methodologies along the way.”

About Elbit Systems

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 areas of aerospace, land and naval systems, command, control, communications, computers, intelligence, surveillance and reconnaissance (“C4ISR”) , unmanned aircraft systems, advanced electro-optics, electro-optical space systems, EW suites, signal intelligence systems, data link and communication systems, radios, cyberspace-based systems and munitions. The Company is also focused on upgrading existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training systems and simulation.

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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 of 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), insofar as these statements do not relate to historical or current facts. Forward-looking statements are based on management’s current expectations, estimates, projections and assumptions regarding 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 his activities. Accordingly, actual future results, performance and trends may differ materially from these forward-looking statements due to a variety of factors, including, but not limited to: the scope and duration of contracts with customers; 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 United States among others; changes in global health and macroeconomic conditions; differences between planned and actual program performance, including the ability to execute 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 further information is contained in the latest annual report of Elbit Systems Ltd. on Form 20-F, which is filed with the United States Securities and Exchange Commission. All forward-looking statements speak only as of the date of this release. Although the Company believes that the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Further, neither the Company nor any other person assumes responsibility for the accuracy or completeness of such forward-looking statements. The Company does not undertake to update its forward-looking statements.

Elbit Systems Ltd., its logo, brand, products, services and process names appearing in this press release are 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 holders. Reference to or use of any product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, endorsement, affiliation or sponsorship of this product, service or process by Elbit Systems Ltd. Nothing 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 of Elbit Systems Ltd. or any third party, except as expressly granted herein.

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SOURCE Elbit Systems Ltd.

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