Elbits UK Subsidiary Awarded $137M Contract to Supply the Future Target Acquisition Solution for Soldiers of the British Armed Forces

Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or "the Company") announced today that its UK subsidiary, Elbit Systems UK Ltd. ("Elbit Systems UK"), was awarded an approximately $137 million (approximately £100 million) contract by the UK Ministry of Defence to provide the British Armed Forces with the future target acquisition solution for Joint Terminal Attack Controllers and Fire Support Teams under the Dismounted Joint Fires Integrators ("D-JFI") program. The contract will be performed over a five-year period.

The D-JFI solution to be provided by Elbit Systems UK, is a networked, passive and active target acquisition solution that acquires, generates and communicates target information to effector systems for effective engagement of joint precision and non-precision fires. The solution is empowered by Artificial Intelligence and will interface with the radio communication systems of the British Army, Royal Air Force and Royal Marines. The D-JFI solution draws on the Company's operational experience in providing dismounted network combat solutions. It integrates several of its technologies, including: the TORCH-X™ Battle Management Application; the Hattorix™ system for undetectable generation of high-precision targets, the CORAL Multi-Spectral electro-optical payload for enhanced target acquisition in day and night and the Rattler™ XR long range laser designator. The D-JFI solution will enable fast and secured transmission of target information across the British and Allied Armed Forces, allowing swift and accurate utilization of artillery and close air support.

Martin Fausset, CEO of Elbit Systems UK, said: "It is essential for our Armed Forces to be able to operate swiftly and accurately in hostile environments. The systems to be supplied by Elbit Systems UK represent our commitment to continuously provide the most advanced technology to those on the frontline. The D-JFI solution will provide operational advantage to the British Armed Forces in an increasingly complex battlefield."

Source: Elbit Systems Ltd.
Date: Jan 25, 2021