Elbit Systems Awarded $74 Million Contracts to Supply Airborne Munitions to South Korea

Haifa, Israel, November 11, 2021 – Elbit Systems Ltd. (NASDAQ: ESLT, TASE: ESLT) (“Elbit Systems”) announced today that it was awarded contracts in an aggregate amount of approximately $74 million from the Defense Acquisition Program Administration of the Ministry of National Defense of the Republic of South Korea, to supply a range of airborne munitions as part of the Precision Fires Program of the Republic of Korea Air Force.

The contracts will be performed over a five-year period.

Yehuda (Udi) Vered, General Manager of Elbit Systems Land, said: “We see an increase in the demand for our diverse portfolio of munitions as Air Forces seek fires capabilities of greater sophistication and impact.”

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, 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. For additional information, visit: https://elbitsystems.com/, follow us on Twitter or visit our official Facebook, Youtube and LinkedIn Channels.

Company Contact:
Joseph Gaspar,
Executive VP & CFO
Tel: +972-4-8316663
j.gaspar@elbitsystems.com 

Rami Myerson, Director, Investor Relations
Tel: +972-77-2946403
rami.myerson@elbitsystems.com 

David Vaaknin, VP, Brand & Communications
Tel: +972-77-2946691
david.vaaknin@elbitsystems.com 

IR Contact:
Ehud Helft
Gavriel Frohwein

GK Investor Relations
Tel: 1-646-688-3559
elbitsystems@gkir.com 

View source version on Elbit Systems Ltd: https://elbitsystems.com/pr-new/elbit-systems-awarded-74-million-contracts-to-supply-airborne-munitions-to-south-korea/