HAIFA,
Israel, May 21, 2025 /PRNewswire/ -- Elbit
Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems"
or the "Company") announced today the public offering of 1,365,450
of its ordinary shares. All of the ordinary shares in the proposed
offering will be sold by the Company. In addition, the Company
expects to grant the underwriters of the offering a 30-day option
to purchase from the Company an amount of additional ordinary
shares of up to 15% of the ordinary shares offered in the public
offering at the public offering price, less underwriting discounts
and commissions. The ordinary shares offered in this offering are
expected to be listed for trading on the Nasdaq Global Select
Market. Elbit Systems intends to use the net proceeds from this
offering for general corporate purposes.
BofA Securities, J.P. Morgan, Jefferies and Morgan Stanley have
been engaged to act as the joint book-running managers with respect
to the offering of the ordinary shares.
The offering is being made pursuant to an effective shelf
registration statement on Form F-3, filed with the U.S. Securities
and Exchange Commission (the "SEC") on May
21, 2025, which became effective immediately. The offering
of ordinary shares is being made only by means of a prospectus
supplement and accompanying prospectus. When available, copies of
the prospectus supplement and accompanying prospectus relating to
the offering may be obtained free of charge at the SEC's website at
www.sec.gov. Alternatively, copies of the prospectus supplement and
the accompanying prospectus may be obtained from: BofA Securities,
Attention: Prospectus Department, NC1-022-02-25, 201 North Tryon
Street, Charlotte, North Carolina
28255, by telephone (toll-free) at 1-800-294-1322, or by email at
dg.prospectus_requests@bofa.com; J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York 11717, by
telephone: 1-866-803-9204, or email: prospectus-eq_fi@jpmorgan.com;
Jefferies LLC, Attention: Equity Syndicate Prospectus Department,
520 Madison Avenue, New York, New
York 10022, by telephone at 1-877-821-7388, or by email at
prospectus_department@jefferies.com; or Morgan Stanley & Co.
LLC, Attention: Prospectus Department, 180 Varick Street, 2nd
Floor, New York, New York
10014.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any offer, solicitation or sale of these securities in any state
or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. Any offer,
solicitation or sale of these securities will be made in accordance
with the registration requirements of the Securities Act of 1933,
as amended (the "Securities Act").
About Elbit Systems
Elbit Systems is a leading global defense technology company,
delivering advanced solutions for a secure and safer world. Elbit
Systems develops, manufactures, integrates and sustains a range of
next-generation solutions across multiple domains.
Driven by its agile, collaborative culture, and leveraging
Israel's technology ecosystem,
Elbit Systems enables customers to address rapidly evolving
battlefield challenges and overcome threats.
Elbit Systems employs approximately 20,000 people in dozens of
countries across five continents. The Company reported $1.9 billion in revenues for the three months
ended March 31, 2025 and an order
backlog of $23.1 billion as of such
date.
Company Contact:
Dr. Yaacov (Kobi) Kagan,
Executive VP - CFO
Tel:
+972-77-2946663
kobi.kagan@elbitsystems.com
Daniella Finn, VP,
Investor Relations
Tel:
+972-77-2948984
daniella.finn@elbitsystems.com
Dalia Bodinger, VP,
Communications & Brand
Tel:
+972-77-2947602
dalia.bodinger@elbitsystems.com
Forward-Looking Statements
This press release may contain forward-looking statements
(within the meaning of Section 27A of the Securities Act, Section
21E of the Securities Exchange Act of 1934, as amended, and the
Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or
its subsidiaries (collectively, the "Company"), to the extent such
statements do not relate to historical or current facts.
Forward-looking statements are based on management's current
expectations, estimates, projections and assumptions about 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 regarding the completion of the offering, the
satisfaction of customary closing conditions related to the
offering and the intended use of the net proceeds from the
offering. Therefore, actual future results, performance and trends
may differ materially from these forward-looking statements due to
a variety of factors, including, without limitation: scope and
length of customer contracts; governmental regulations and
approvals; changes in governmental budgeting priorities; general
market, political and economic conditions in the countries in which
the Company operates or sells, including Israel and the
United States among others, including the duration and scope
of the current war in Israel, and
the potential impact on the Company's operations; changes in global
health and macro-economic conditions; differences in anticipated
and actual program performance, including the ability to perform
under 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 all-inclusive, and
further information is contained in Elbit Systems Ltd.'s latest
annual report on Form 20-F, which is on file with the SEC, and in
the registration statement and prospectus supplement and
accompanying prospectus referred to above. All forward-looking
statements speak only as of the date of this release.
Although the Company believes the expectations reflected in the
forward-looking statements contained herein are reasonable, it
cannot guarantee future results, level of activity, performance or
achievements. Moreover, neither the Company nor any other person
assumes responsibility for the accuracy and completeness of any of
these forward-looking statements. The Company does not undertake to
update its forward-looking statements, except as required by
applicable law.
Elbit Systems Ltd., its logo, brand, product, service and
process names appearing in this press release are the trademarks or
service marks of Elbit Systems Ltd. or its affiliated
companies. All other brand, product, service and process
names appearing are the trademarks of their respective
holders. Reference to or use of a product, service or process
other than those of Elbit Systems Ltd. does not imply
recommendation, approval, affiliation or sponsorship of that
product, service or process by Elbit Systems Ltd. Nothing contained
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.
