Elbit Systems Wins $16 Million Contract to Supply Space Telescope to Weizmann Institute of Science

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HAIFA, Israel, January 26, 2022 /PRNewswire/ — Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems”) today announced that it has been awarded a contract valued at approximately $16 million to provide a space telescope to the Weizmann Institute of Science under Israel’s Transient Ultraviolet Astronomy (“ULTRASAT”) satellite program for observing and researching deep space. The ULTRASAT program is jointly managed and financed by the Weizmann Institute of Science and the Israeli Space Agency and is carried out in association with the German research center DESY. The contract will be executed over a period of two years.

Elbit Systems will develop, manufacture and integrate a highly sensitive, wide-field-of-view (200 square degrees) ultraviolet space telescope to help scientists understand the creation of heavy elements, black holes and gravitational waves and to discover astronomical phenomena such as supernovae (star explosions). Elbit Systems is used to supplying space cameras, satellites and other electronic instruments of its own production to space programs in Israel, United States, Europe, South Korea and Brazil.

Oren Sabag, Managing Director of Elbit Systems ISTAR & EW, commented, “We are proud to be part of this scientific endeavor by lending our capabilities and experience to the effort to better understand nature. We welcome the opportunity to cooperate with the Israeli Space Agency and with the scientific community led by the Weizmann Institute. of Science and the German research center DESY.

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-optic 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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Company details:

Joseph Gaspar, Executive Vice President and Chief Financial Officer

Tel: +972-4-8316663

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David Vaaknin, Vice President, Head of Corporate Communications

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IR contact:

Ehud Helft

kenny green

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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.

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SOURCE Elbit Systems Ltd