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."
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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.
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