Press Releases

RUAG and Elbit Systems Sign MOU to Form a Joint Venture in Switzerland

14 November 2018

RUAG and Elbit Systems announced today that they have signed a Memorandum of Understanding (MOU) to form a Joint Venture Company (JVC). The two companies will establish this entity in Switzerland, under a joint team comprised of professionals from both companies who have already begun to work in collaboration.

The JVC will enable the companies to synergize and leverage their respective competences and serve as a national Communication and System Competence Center of Excellence. The Competence Center will cater to the needs and requirements of the Swiss Federal Department of Defence, Civil Protection and Sport (DDPS). Furthermore, it will act as a knowledge center to support the companies' joint efforts with regard to a DDPS' communication program of the Ministry of Defense of Switzerland (Swiss MOD) and other joint endeavors in the future.

Andreas Berger, CEO RUAG Defence : "We at RUAG Defence are looking forward to working with Elbit Systems and we are convinced that this collaboration will allow us to support the Swiss Army with our proven competence and professionalism."

Haim Delmar, Senior Vice President Elbit Systems C4I & Cyber: "It is a privilege to be in a position to offer technologically advanced and operational solutions for the Swiss Armed Forces. We are proud to join forces with RUAG and believe that this collaboration will strengthen local support and engineering capabilities through transfer of knowhow."

Visit our Press Relations website for background materials and information regarding Elbit Systems fields of activity.

About RUAG Defence

RUAG Defence is a byword for technological expertise at the very highest level. Its core business includes products and services for tracked and wheeled vehicles, realistic training for soldiers and reliable information and communication infrastructures, as well as protection solutions to counter ballistic and electromagnetic threats. Its comprehensive portfolio also covers maintenance, operation and integration of relevant systems and innovative upgrades for these systems. RUAG Defence's customers come from all around the world and include the Swiss Armed Forces and international forces, rescue and security organizations, public authorities and civilian organizations. Its global expansion strategy is based on consolidating and expanding its market position in Switzerland, Germany and France. Alongside its sites in Switzerland, the company has branch offices and sales offices in Germany, France, Singapore and the Middle East, as well as partnerships around the globe.

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. 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: www.elbitsystems.com, follow us on:

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.

David Vaaknin

Vice President, Head of Corporate Communications

Tel: 972-77-2946691

Cell: 972-52-8000403

E-Mail: david.vaaknin@elbitsystems.com

Dana Tal-Noyman

Manager Corporate Communications & Digital

Tel: 972-77-294-8809

Cell: 972-54-9998809

E-Mail: dana.tal@elbitsystems.com

This Press Release originates from a third party not associated with IHS Janes. Any comments, opinions and discussions by any third parties are not the views of IHS Janes and as such IHS Janes cannot accept responsibility or liability for the content of this Press Release. IHS Janes grants no rights to reproduce or use this content in any manner whatsoever. For more information on how your company can become part of this service please e-mail PressReleasesServices@ihsmarkit.com.





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