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Elbit Systems Profile

Elbit Systems Ltd. (Elbit Systems) operates as an international high technology company.

The company engages in a wide range of programs throughout the world, primarily in the defense and homeland security arenas.

The company develops and supplies a broad portfolio of airborne, land and naval systems and products for defense, homeland security and commercial applications. The company’s systems and products are installed on new platforms, and the company also performs comprehensive platform modernization programs. In addition, the company provides a range of training and support services.

The company’s major activities include military aircraft and helicopter systems; commercial aviation systems and aerostructures; unmanned aircraft systems (UAS); electro-optic, night vision and countermeasures systems; naval systems; land vehicle systems; munitions; command, control, communications, computer, intelligence, surveillance and reconnaissance (C4ISR) and cyber systems; electronic warfare and signal intelligence systems; and other commercial activities.

The company tailors and adapts its technologies, integration skills, market knowledge and operationally-proven systems to each customer’s requirements in both existing and new platforms. By upgrading existing platforms with advanced technologies, the company provides customers with cost-effective solutions, and the company’s customers are able to improve their technological and operational capabilities within limited budgets. The company’s experience in providing ‘systems of systems’ enables the company to provide overall solutions in a range of areas to meet the company’s customers’ comprehensive defense, homeland security and safety needs.

Segments

The company operates through the following five reportable segments:

Aerospace – Mainly provides products and systems for airborne platforms, unmanned aerial solutions, precision guided munition (PGM) sensors, aerostructures, training and simulators systems, as well as commercial aviation systems.

C4I and Cyber – Mainly provides C4ISR systems, data links and radio communication systems and equipment, cyber intelligence solutions, autonomous solutions and homeland security solutions.

ISTAR and EW – Mainly provides a wide range of electro-optic and laser systems and products and also provides a wide range of EW systems and SIGINT systems.

Land – Mainly provides land-based systems and products for armored and other military vehicles, artillery and mortar systems, munitions for land, air and sea applications including PGM , armored vehicle and other platforms’ survivability and protection systems.

Elbit Systems of America (‘ESA’) – Mainly provides products and systems solutions principally to U.S. military, foreign military sales (FMS/FMF), homeland security (HLS), medical instrumentation and commercial aviation customers.

Aerospace

Elbit Systems Aerospace offers a range of leading solutions, including unmanned systems, training solutions, head mounted displays, avionics, PGM sensors, aerostructures and next generation aerial C4I and intelligence-gathering products and systems that are at the core of network-centric and multi-domain operations.

The Aerospace Segment portfolio includes the following main capabilities:

Military Aircraft and Helicopter Systems

The company offers a range of airborne systems and products that enhance operational capabilities and extend aircraft life cycles, ranging from a single sensor to an entire cockpit avionics suite. The company’s systems are integrated on fixed and rotary-wing, eastern and western, new and mature aircraft.

The company designs and supplies advanced helmet-mounted systems, including helmet-mounted displays (HMD) for fixed-wing and rotary-wing aircraft.

Under the company’s fixed-wing aircraft and helicopter upgrade programs, the company integrates advanced electronic, communication, navigation, electro-optic and EW systems, such as integrated flight deck systems, mission management computers, displays, digital maps and digital recorders, head-up displays, airborne intelligence-gathering systems, PGM sensors, aircraft structural components and a range of aircraft tactical, virtual, appended and embedded trainers and simulators.

Unmanned Aircraft Systems (UAS)

The company’s portfolio of UAS includes integrated UAS (sometimes referred to as remote piloted vehicles, or RPVs) in various categories and for a range of applications, as well as UAS training systems. The systems include airborne platforms, ground control stations, communication systems and various payloads, including stabilized electro-optic, electronic intelligence (ELINT) and communications intelligence (COMINT) payloads that can be adapted for various types of UAS.

Training Solutions and Support

The company’s training solutions offering includes simulators with embedded virtual training capabilities for air, land, and naval operations and joint multi-domain training. The company establishes training centers worldwide and offers comprehensive flight academy solutions and services. The company also supplies logistic support services for airborne platforms, including repair and maintenance centers.

Commercial Aviation Systems and Aerostructures

The company’s portfolio of commercial aviation systems includes a range of systems and products for the commercial and business aviation market that are employed on fixed-wing aircraft and commercial helicopters. The company’s commercial aviation systems in the business aviation, commercial helicopter and air transport areas include full avionic suites, enhanced flight vision products and various other avionics products, such as display, communication and flight management systems. The company also provides aerostructure products, such as pressurized and non-pressurized doors, composite beams and winglets.

C4I and Cyber: Elbit Systems C4I and Cyber offers a range of C4I, communication, autonomous systems and cyber intelligence capabilities providing digital networked warfare solutions to military forces, intelligence agencies, homeland security forces, law enforcement agencies and first responders.

The C4I and Cyber Segment portfolio includes the following main capabilities:

Communications

The Communications portfolio includes secured and resilient tactical software defined radios (SDR), HF, VHF and UHF radio and communication systems and products, from single-soldier radios to full-scale militaries, supporting multi-domain operations. The company’s satellite-on-the-move solutions enable users to share voice, video and data beyond line of sight while on the move. The company’s solutions support robotic autonomous systems and manned unmanned teaming (MUM-T) operations. The company’s communication network solution enables over-the-air control, monitoring and configuring of military wide networks and integrated Radio over IP (ROIP).

Network Combat Systems (C4I)

Elbit Systems C4I and Cyber supports the digitization and modernization of Defense and HLS capabilities enhancing operational effectiveness. The company’s system engineering and integration capabilities are underpinned by the company’s C4I, sensor and effector expertise combined with a broad portfolio of military grade tactical hardware for dismounted, mounted and fixed applications. The company’s solutions incorporate a cloud enabled, open standard architecture framework enabling seamless connectivity and interoperability across a multi-domain environment while maintaining an evergreen upgradable approach to enable upgrades to address future battlefield requirements.

Cyber Intelligence

The company’s Cyber Intelligence portfolio includes big data and analysis solutions that provide intelligence, military and law enforcement agencies with timely and actionable intelligence on a range of threats. The company’s end-to-end solutions aggregate and fuse large volumes of data from a wide spectrum of intelligence sources, including HUMINT, COMINT, WEBINT and, IMINT and apply advanced information technologies, including Big Data, Artificial Intelligence (AI) and Machine Learning, to analyze the data. The company also provides advanced cyber protection tools to protect network endpoints and the tactical edge.

Robotics and Autonomy Systems

The company designs, integrates and deploys a range of robotic and autonomy systems (RAS). The company provides comprehensive, multi-layered solutions for one-to-many autonomous swarms and platforms capable of performing tactical operational missions or human-machine teaming by unmanned ground platforms and military-grade tactical drones. The company’s open architecture modular approach enables integration of robotic systems, sensors and effectors tailored to the operational requirements of the customer.

ISTAR and EW: Elbit Systems ISTAR and EW designs, manufactures and supports a diverse range of systems and sensors that leverage the company’s advanced technological capabilities across electro-optics (EO), lasers and the electromagnetic spectrum.

These systems and sensors are incorporated into comprehensive solutions for aerospace, ground and maritime applications. The company’s systems, sensors, and applications can be provided standalone to defense customers or integrated into a solution provided by the company's other segments and by other defense prime contractors.

The ISTAR and EW portfolio includes the following main capabilities:

Optronics and Laser Systems

The Optronics and Laser Systems portfolio includes self-protection suites, electronic countermeasure systems and sensors, surveillance and intelligence sensors for airborne, ground and naval platforms and payloads for unmanned platforms.

The company’s portfolio of EO systems and solutions includes integrated vision and targeting solutions, laser range-finders and laser designators, stabilized payloads, electro-optic intelligence, surveillance and reconnaissance (ISR) systems, Directional Infrared Countermeasure (DIRCM) systems, as well as multiple vision-enhancing solutions for military forces and multi-spectral payloads and telescopes for space applications. The company is a leading supplier of laser technology for military applications, including High Power Laser technology and solutions.

Electronic Warfare (EW), Signal Intelligence (SIGINT) and Radar Systems

The company’s EW and SIGINT portfolio includes intelligence, defensive and offensive solutions for a range of military applications. The company provides EW self-protection suites, including radar warning receivers and laser warning systems, for airborne and maritime platform types. The company also provides Infra-Red missile warning systems for combat aircraft, as well as for other fixed-wing and rotary-wing platforms, and electronic support solutions for threat identification.

The company provides SIGINT systems for tactical and strategic intelligence-gathering, including electronic intelligence (ELINT) and electronic countermeasures for naval, ground and airborne applications, communication intelligence (COMINT) and communication jamming systems, counter-improvised explosive devices (CIED) jamming systems for ground forces, counter unmanned aircraft system (CUAS) and cyber protection capabilities. The company also supplies command and control systems and simulators for anti-ballistic missiles programs.

Naval Combat Management and Sonar Systems

The company provides Unmanned Surface Vessels (USVs) for Mine Counter Measure (MCM) and Anti-Submarine Warfare (ASW) missions, equipped with an array of sonars and underwater acoustic payloads.

Land: Elbit Systems Land segment provides products and systems for ground forces, including military vehicle systems, artillery and mortar systems, rocket artillery systems, active protection systems for vehicles, and a range of air and ground launched precision guided munitions and ammunition. Elbit Systems Land provides solutions for a wide range of threats and operational scenarios for the land, air, and naval arenas. The activities of IMI Systems Ltd., acquired in 2018, were integrated into Elbit Systems Land.

The Land Segment portfolio includes the following main capabilities:

Indirect Fire Systems

The company provides a range of self-propelled automatic and semi-automatic 155mm howitzers that are designed to be adaptable and mounted on a broad range of truck chassis. The company also provides fully automatic rocket-launchers that can launch a broad variety of precision-guided and free-flying rockets with an effective range of up to 300 km. The company also provides comprehensive mortar and tactical precision firepower solutions. These include mortar systems integrated on a variety of platforms and a range of 120mm mortar ammunition.

Turrets and Weapons Systems

The company designs, develops, manufactures and integrates turrets and weapon systems for ground combat vehicles, including Main Battle Tanks, Armored Personnel Carriers and Infantry Fighting Vehicles. The company’s portfolio includes remote-controlled weapon systems, manned and unmanned turrets, tanks and combat vehicle upgrade and modernization solutions, situational awareness systems and future combat vehicle systems.

Ammunition and Munition Systems

Elbit Systems Land develops and manufactures a comprehensive array of precision munitions, precision-guided rockets and missiles, artillery ammunition, tank munitions, explosives, air-to-ground precision strike systems, as well as aircraft protection systems including expendable countermeasures. The company’s small caliber ammunition facility manufactures a complete range of small arms ammunition, ranging from 5.56 mm to 0.50 (12.7mm) calibers.

Active Protection Systems

The company provides advanced survivability solutions for Combat Vehicles. The company’s Iron Fist Active Protection System (APS) provides a multi-layer active armor protection solution and the company also supplies soft-kill systems. The company’s advanced combat vehicle systems provide full 360 degree situational awareness in an open architecture as well as integrating the APS. The company’s solutions are offered as standalone to combat vehicle manufacturers or as part of combat systems provided by Elbit Systems.

Elbit Systems of America (ESA). Elbit Systems of America mainly provides products, system solutions, and support services focused on the defense, homeland security, law enforcement, commercial aviation, and medical instrumentation markets. Most of ESA's revenues are from the U.S. government, its allies, or large prime U.S. defense contractors.

ESA provides a range of capabilities from advanced electro-optics to maintenance and repair of complex military hardware and systems, commercial aviation and medical instrumentation. ESA's portfolio of defense solutions provides holistic situational awareness, survivability, and lethality, which are all key to the modern warfighter. These capabilities are used on land, in the sea, and in the air. In addition to developing and manufacturing cutting-edge solutions, the company maintains the systems and components the company creates, and the company frequently maintain systems originally manufactured by other contractors.

ESA frequently acts as a territorial entity prime contractor in the U.S. for the products and services of the company's other segments, leveraging its wide technologies and capabilities. The ESA portfolio includes various capabilities based on the technologies and solutions of the company's other segments, as well as the U.S. originated capabilities.

The ESA portfolio includes the following main capabilities:

Airborne holistic situational awareness and decision-making through helmet mounted displays, head-down displays, head-up displays, and mission computers;

Maritime solutions, networks, and communications through sonobuoys and undersea systems produced by ESA's Florida-based subsidiary, Sparton Corporation;

Next-generation warfighter information systems through advanced night vision, hand-held targeting systems, soldier systems, tactical radios, networking, and command & control;

Electronic warfare solutions, electro-optical infrared systems, and airborne assets & payloads deployed through unmanned aerial systems;

Ground combat vehicle systems such as turrets, vehicle protection systems, 360-degree situational awareness solutions, and vehicular components.

Next-generation precision fire support, including multi-modal seekers, mortar weapon systems and munitions;

Expeditionary and survivable command, control, communication and computing solutions (C4) to enable networked C4 Intelligence, Surveillance and Reconnaissance and Joint All-Domain Command and Control solutions for mounted and dismounted warfighters;

Border security and force protection solutions that can be fixed, mobile, and supplied in expeditionary configurations;

ESA's commercial aviation portfolio includes a full line of air data products, cockpit instrumentation and vision systems; and

KMC Systems develops advanced clinical and operational solutions for life science customers in the intelligent lab and fluidic automation space.

Subsidiaries

Below is a general description of the company’s major subsidiaries, each of which is wholly-owned. The company also has other smaller subsidiaries and investee companies in Israel, Europe, North America, South America and the Asia-Pacific that conduct marketing, engineering, manufacturing, logistic support and other activities, principally in the subsidiary’s local market. The company’s subsidiaries generally operate across the company’s segments, often in collaboration with other subsidiaries.

Elbit Systems of America

Elbit Systems of America, a Delaware limited liability company, and its subsidiaries, provide products and systems solutions focusing on U.S. military, homeland security, medical instrumentation and commercial aviation customers. Elbit Systems of America and its subsidiaries have operational facilities in Fort Worth, Texas, San Antonio, Texas, Merrimack, New Hampshire, Talladega, Alabama, Roanoke, Virginia, Boca Raton, Florida and De Leon Springs, Florida. Elbit Systems of America also has a 50% interest in a joint venture with Collins Aerospace, a unit of Raytheon Technologies Corp., which is engaged in the area of helmet-mounted display systems for fixed-wing military and para-military aircraft. Elbit Systems of America acts as a contractor for U.S. Foreign Military Financing (FMF) and Foreign Military Sales (FMS) programs. Each of Elbit Systems of America’s operational facilities has engineering and manufacturing capabilities. Elbit Systems of America’s manufacturing facilities in Alabama, Texas, New Hampshire, Virginia and Florida also have significant maintenance and repair capabilities.

Elbit Systems of America, Elbit Systems and intermediate Delaware holding company subsidiaries are parties to a Special Security Agreement (SSA) with the DoD. The SSA provides the framework for controls and procedures to protect classified information, controlled unclassified information and export-controlled data. The SSA allows the Elbit Systems of America companies to participate in classified U.S. government programs even though, due to their ownership by Elbit Systems, the Elbit Systems of America companies are considered to be under the control of a non-U.S. interest. Under the SSA, a Government Security Committee of Elbit Systems of America’s board of directors was permanently established to supervise and monitor compliance with Elbit Systems of America’s export control and national security requirements.

Sparton De Leon Springs, LLC (Sparton De Leon Springs), a subsidiary of Elbit Systems of America and Sparton Corporation (Sparton), which was acquired by Elbit Systems of America in 2021, is a party to and operates under a proxy agreement to which Elbit Systems of America, Elbit Systems and the DoD are also parties. The proxy agreement is necessary because Sparton De Leon Springs produces sonobuoys, which support the U.S. Navy’s anti-submarine warfare efforts and require additional protection from a U.S. national security perspective. Under the proxy agreement, three independent proxy holders, who have no prior affiliation with Sparton De Leon Springs, Elbit Systems or Elbit Systems of America, govern the affairs of Sparton De Leon Springs and monitor compliance with the U.S. government’s export control and national security requirements. The Proxy Holders and certain senior officers of Sparton De Leon Springs must be resident U.S. citizens and eligible for DoD personnel security clearances.

C4I and Cyber: Headquartered in Netanya, Israel, Elbit Systems C4I and Cyber Ltd. (C4I and Cyber) is engaged in the worldwide market for C4ISR systems, data links and radio communication systems and equipment, cyber intelligence solutions, autonomous solutions and homeland security solutions.

Elisra: Based in Holon, Israel, Elbit Systems EW and SIGINT – Elisra Ltd. (Elisra) provides a wide range of electronic warfare (EW) systems, signal intelligence (SIGINT) systems and C4ISR technological solutions for the worldwide market.

Elop. Based in Rehovot, Israel, Elbit Systems Electro-optics Elop Ltd. (Elop) designs, engineers, manufactures and supports a wide range of electro-optic and laser systems and products mainly for defense, space and homeland security applications for customers worldwide.

ELS. Headquartered in Ramat HaSharon, Israel, Elbit Systems Land Ltd. (ELS) is engaged in the design and manufacture of land-based systems and products for armored and other military vehicles, artillery and mortar systems.

IMI. Headquartered in Ramat HaSharon, Israel, IMI Systems Ltd. (IMI) is engaged in the design and manufacture of a wide range of precision munitions for land, air and sea applications and guided rocket systems, as well as armored vehicle and other platforms survivability and protection systems for defense and homeland security applications.

Strategy

Part of the company’s growth strategy includes its continued activity in mergers and acquisitions and joint ventures with respect to businesses, assets and complementary technologies both in Israel and internationally.

Divestitures

In 2022, the company engaged in divestiture activities of certain non-material businesses, such as the sale by Elbit Systems UK Ltd. of the power and control business of its subsidiary Ferranti Technologies Ltd. and the sale of IMI's (IMI Systems Ltd. and its subsidiaries) shares in Ashot Ashkelon Industries Ltd.

Governmental Regulation

Elbit Systems of America’s export of defense and dual use products, as well as defense-related technical data and defense services to Israel and other countries, is subject to applicable authorizations of the U.S. government, typically under the U.S. International Traffic in Arms Regulations (ITAR) and the U.S. Export Administration Regulations (EAR).

Under separate regulations, Elbit Systems and the company’s major Israeli subsidiaries have been designated as ‘defense companies’ by the Defense Minister with respect to Israeli law governing various other aspects of defense security arrangements.

Under the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), the company’s acquisitions of defense-related and other potentially sensitive businesses in the U.S. require review, and in some cases approval, by the Committee on Foreign Investment in the United States (CFIUS). Elbit Systems of America also participates in U.S. Foreign Military Sales (FMS) programs.

Certain data relating to the company’s employees, customers and supply chain that the company receives and maintains is subject to data privacy regulations, including those of the European General Data Privacy Regulation and corresponding Israeli legislation.

Several of the products sold by the company entities for commercial aviation applications are subject to flight safety and airworthiness standards of the U.S. Federal Aviation Administration (FAA) and similar civil aviation authorities in Israel, Europe and other countries.

Medical products designed and manufactured by Elbit Systems of America’s Medical Instruments – KMC Systems business unit are subject to the U.S. Food and Drug Administration (FDA) regulations.

Intellectual Property

Patents, Trademarks and Trade Secrets: The company owns hundreds of active patent families, including patents and applications registered or filed in Israel, the United States, the European Patent Office and other jurisdictions. The company also holds dozens of living trademark families relating to specific products.

Research and Development

The company’s net research and development expenses (after deduction of third party participation) in 2022 totaled $435.7 million.

Manufacturing

The company manufactures commercial avionics and aircraft components, as well as perform maintenance, repair and overhaul at the company’s U.S. FAA-registered facilities in the U.S., Europe and Israel. The company also manufactures medical equipment at the U.S. FDA-registered facilities in the U.S.

Supply Chain

The company requires its suppliers to adhere to the company’s Supplier Code of Conduct and to comply with a range of procurement compliance standards, including those relating to the avoidance of human trafficking, counterfeit parts and conflict minerals.

Marketing and Sales

The company actively takes the initiative in identifying the individual needs of the company’s customers throughout the world. The company then focuses its research and development activities on systems designed to provide tailored solutions to those needs. The company often provides demonstrations of prototypes and existing systems to potential customers.

The company markets its systems and products either as a prime contractor or as a subcontractor to various governments and companies worldwide. In Israel, the company sells its military systems and products mainly to the IMOD. A number of marketing related support services are provided on a central shared services basis to various units in the company. The marketing of the company’s systems, products and services in other parts of the world is supported by subsidiaries, joint ventures and representatives.

In the U.S., generally Elbit Systems of America leads the company’s sales and marketing activities from its facilities throughout the U.S. Elbit Systems of America operates under a Special Security Agreement, and a subsidiary of Elbit Systems of America (Sparton De Leon Springs) operates under a proxy agreement, both of which allow Elbit Systems of America and its subsidiaries to work on certain classified U.S. government programs. The company’s subsidiaries in other countries typically lead the marketing activities in their home countries, often assisted by marketing and business development personnel based in Israel.

The company enters into cooperation agreements with defense contractors, platform manufacturers and other companies in Israel, the United States, Europe, Latin America, the Asia-Pacific and certain other markets. These agreements provide for joint participation in marketing and performance of a range of projects around the world. In other situations, the company actively pursues business opportunities as either a prime contractor or a subcontractor, usually together with local companies. The company often enters into cooperation agreements with other companies for such opportunities.

Major Customers

The company’s customer, Israeli Ministry of Defense, accounted for 17% in 2022. The company’s another customer, the U.S. government, accounted for 19% in 2022.

Competition

Competitors in the sale of some of the company’s products to the government of Israel include Israel Aerospace Industries and Rafael Advanced Defense Systems among others. The company’s main competitors include divisions and subsidiaries of Boeing, Lockheed Martin, Northrop Grumman, Raytheon, General Dynamics, BAE Systems, L3Harris, Thales, Airbus, Leonardo, Saab, Textron, Teledyne Technologies, AeroVironment, Rohde & Schwarz, Rheinmetall, Kongsberg, Safran, Hensoldt, CMC, CAE, Aselsan, Bharat Electronics, Cubic and Cognyte.

History

Elbit Systems Ltd. was founded in 1966. The company was incorporated in Israel in 1966.

Country
Industry:
Computer integrated systems design
Founded:
1966
IPO Date:
12/06/1996
ISIN Number:
I_IL0010811243

Contact Details

Address:
Advanced Technology Center, Haifa 3100401, Israel
Phone Number
972 77 294 6663

Key Executives

CEO:
Machlis, Bezhalel
CFO
Kagan, Yaacov
COO:
Ramon, Yuval