Elbit Systems UK Subsidiary Awarded $38 Million Contract From The UK MoD to Supply Joint Fires Synthetic Training Systems (JFST)

Elbit Systems Ltd. Sep 11, 2019

ST systems will support exercises for forces deployed onboard the Royal Navy's Queen Elizabeth Class Aircraft Carrier

Haifa, Israel, Sept. 10, 2019 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT), (TASE: ESLT) ("Elbit Systems") announced today that its UK subsidiary, Elbit Systems UK Ltd., ("Elbit Systems UK"), was awarded an approximately $38 million contract from the UK Ministry of Defence ("UK MoD") to supply comprehensive JFST systems to the British Army. The JFST systems will be supplied over a period of two years following which Elbit Systems UK will provide an additional four years of maintenance, technical support and on-site training.

Under this contract, Elbit Systems UK will provide both fixed and mobile systems that are comprised of multiple networked simulators set to train mounted and dismounted Joint Fires teams and Joint Fires Cells. JFST systems will also be supporting exercises for reserve forces and teams deployed at sea, such as those onboard the Royal Navy's Queen Elizabeth Class Aircraft Carrier.

Martin Fausset, CEO of Elbit Systems UK, said: "We are proud to have been selected by the UK MoD to supply the JFST systems, providing a valuable capability for the British Army and delivering an operationally proven capability into the UK, together with our local partners."

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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Company Contact:

Joseph Gaspar

Executive VP & CFO

Tel: +972-4-8316663

j.gaspar@elbitsystems.com

David Vaaknin

VP, Head of Corporate Communications

Tel: +972-77-2946691

david.vaaknin@elbitsystems.com

IR Contact:

Ehud Helft