Profile: Elbit Systems Ltd (ESLT.TA)
Elbit Systems Ltd. (Elbit Systems), incorporated in 1966, is an international defense electronics company engaged in a range of programs throughout the world. Elbit Systems operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR), unmanned aircraft systems (UAS), advanced electro-optics, electro-optic space systems, electronic warfare (EW) suites, airborne warning systems, electronic intelligence systems, data links, military communications systems and radios. The Company also focuses on the upgrading of existing military platforms and developing new technologies for defense, homeland security and commercial aviation applications. In October 2010, the Company acquired Soltam Systems Ltd., Saymar Ltd. and ITL Optronics Ltd. that were held by Mikal Ltd. and its subsidiaries. In December 2010, the Company acquired Ares Aeroespecial e Defesa S.A. and Periscopio Equipamentos Optronicos S.A. In March 2011, the Company completed the acquisition of the balance of the shares of Elisra Electronic Systems Ltd. held by Elta Systems Ltd. During the year ended December 31, 2010, it established Brightway Vision Ltd. (Brightway), an Israeli company that is engaged in leveraging specific technologies. In December 2011, its subsidiary Elbit Systems of America, LLC, purchases UAS Dynamics, LLC from co-owner General Dynamics Armament and Technical Products.
Military Aircraft and Helicopter Systems
Elbit Systems supplies airborne electronic and electro-optic systems and products to military aircraft manufacturers and end users. The Company’s systems and products are designed to enhance operational capabilities and extend aircraft life cycles. Its military airborne systems are compatible with emerging net-centric concepts supporting enhanced situational awareness, faster decision making and optimal response. Its airborne C4ISR solutions provide pilots with data, communications and real-time situation pictures, as well as the ability to share mission-critical data with ground and naval platforms, thus enhancing joint, effective operations between air to air, air to ground, manned and unmanned platforms through common avionics and C4I solutions.
The Company’s airborne systems provide a range of solutions from a single sensor to an entire cockpit avionics suite. It integrates its systems on fixed and rotary-wing, eastern and western, new and mature aircraft. It integrates advanced weapon, communication, navigation, electro-optic and EW systems, providing net-centric capabilities. It also supply logistic support services for airborne platforms, including repair and maintenance centers, training and spare parts. Elbit Systems, Elbit Systems of America, Elop, Elisra, Cyclone, Ferranti, AEL and certain other of its subsidiaries are engaged in its military aircraft and helicopter systems activities. Its systems and products for military fixed-wing aircraft and helicopters include a range of advanced avionics systems, electro-optic and aerial reconnaissance systems, precision guidance systems, fighter aircraft structural components, data links, training systems and simulators.
The Company’s programs for military fixed-wing aircraft and helicopters encompass full scale aircraft upgrades, system upgrades, system and product supply, training, simulators and logistic support. The customers and end users for its military fixed-wing aircraft and helicopters programs include the Israeli Air Force (IAF), the United States Air Force (USAF), the United States Navy (USN), the United States Army, the United States Marine Corps (USMC), the United States Coast Guard, air forces and other branches of the armed forces of the North American Treaty Organization (NATO) member governments and/or European Union (EU) member governments, as well as of other governments around the world. Its customers also include fixed-wing aircraft and helicopter manufacturers, such as Lockheed Martin Inc. (Lockheed Martin), the Boeing Company (Boeing), Raytheon Company (Raytheon), Embraer S.A. (Embraer), European Aerospace Defense and Space Company (EADS), EADS-CASA, Alenia Aermacchi S.p.A. (Aermacchi), Dassault Aviation S.A., Eurocopter S.A. (Eurocopter), BAE Systems Ltd., Grob Aircraft AG, Hindustan Aeronautics Limited (HAL), Bell Helicopters Textron Inc. (Bell Helicopters), Sikorsky Aircraft Company (Sikorsky) and Agusta S.p.A. (Agusta), among others. Its upgrade programs include those for aircraft, such as the F-4, F-5, T-38, AL-X Super Tucano, AMX, AT-63 Pampa, MiG-21, SU-25, L-39, IAR 99, Grob 120-TP, C-95 and C-130.
Helmet Mounted Systems
Elbit Systems designs and supplies a range of helmet mounted systems (HMS), including helmet mounted displays (HMDs) for fixed-wing aircraft and rotary aircraft pilots. These include tracking and display systems, both for day and night flying. The Company’s systems measure the pilot’s line of sight, slave weapons and sensors to the target, identify target location and bring displays to the pilot’s eye level. It is engaged in a range of programs for HMS for fighter aircraft and helicopters. Customers and end users for the Company’s HMS include the IAF, USAF, United States Army, USN, USMC, United States Coast Guard, air forces of EU and NATO member governments and other governments’ air forces. Its customers also include aircraft and helicopter manufacturers, such as Boeing, Lockheed Martin, Bell Helicopters, Sikorsky, Agusta and Aermacchi.
Commercial Aviation Systems and Aerostructures
Elbit Systems provides a range of systems and products for the commercial and business aviation market. These activities mainly include vision-based cockpit concept systems, other avionics systems, electrical systems, pressurization systems and aero structure products. The Company’s commercial avionics systems are employed on fixed-wing aircraft, such as the Gulfstream 150, 200, 300, 350, 400, 450, 500 and 550, the MD-10 and MD-11, the Airbus A300 and A310, the Cessna CJ 1, 2, 3 and 4 Bravo, XLS, Citation Mustang, ENCORE, Hawker Beechcraft 400XP and 800XP and King Air series, as well as on helicopters, such as the EC-225 and EC-725. Its aerostructure products are installed on a number of commercial aircraft.
Unmanned Aircraft Systems
Elbit Systems designs and supplies integrated UAS for a range of applications. The Company designs and manufactures a range of UAS platforms, including the Hermes and Skylark families of UAS. It also designs and supplies command and control ground station elements that can be adapted for various types of UAS. It supplies UAS training systems to simulate payload performance, malfunctions and ground control station operation. It also designs and supplies engines, data links, stabilized electro-optic payloads and electronic intelligence (ELINT) and communications intelligence (COMINT) payloads for UAS.
Elbit Systems naval systems include naval combat and C4I management systems, shipboard combat system integration, naval electro-optic observation systems, naval tactical trainers, submarine and surface electronic support measurement systems, shipboard signal intelligence (SIGINT), including COMINT and ELINT systems, shipboard decoy countermeasure launching systems and unmanned surface vessels. Elbit Systems, Elop, Elisra, ESLC, Elbit Systems of America and certain other of the Company’s subsidiaries engage in naval systems related activities.
Land Vehicle Systems
Elbit Systems land vehicle systems include fire control systems, electric gun and turret drive and stabilization systems, unmanned turrets, overhead remote control weapon stations, battle management systems, FLIRs, gunner’s and commander’s sights, laser range-finders, laser warning systems, threat detection systems, surveillance, reconnaissance and targeting systems, See-Through-Armor (STA), driver thermal vision systems, auxiliary power units, life support systems, individual crew and equipment cooling systems, hydraulic systems, unmanned ground vehicles, robotics, sensors and displays for tanks, personnel carriers and other combat vehicles. The Company also develops and supplies unmanned ground vehicles and robotic devices for a range of land based missions. In addition, it supplies training systems for tanks and fighting vehicles.
Elbit Systems land-based C4I systems are designed for real-time operational and situational awareness, assuring fighting forces constant access to command and control. The Company’s battle-proven, interconnected systems enable modern forces to synchronize their response with speed, precision and intelligence. Its C4I systems provide net-centric solutions for low intensity conflicts (LIC) and counter-terror activities. The systems connect intelligence data to combat forces through C4I networks and mobile command and control posts. Its integrated infantry systems provide infantry units with C4ISR, field intelligence, urban warfare and peacekeeping capabilities. It also designs and supplies military information technology (IT) systems and IT and integrated information gathering systems to various governmental agencies for border control and management systems, crime prevention and other governmental applications.
Electro-Optic and Countermeasures Systems
Elbit Systems designs and manufactures a range of electro-optic-based solutions for air, land, sea and space applications. The Company’s electro-optic-based solutions product range from laser and thermal imaging systems to head-up displays, through intelligence, surveillance and reconnaissance (ISR) systems, including payloads for space, airborne, naval and land-based missions to ground integrated sights, electro-optic countermeasures and homeland security solutions. It also maintains in-house Israel’s national space electro-optics infrastructure. In addition, it supplies satellite cameras for space research and multi-spectral and high resolution pan-chromatic cameras for commercial satellites. Elop, Elbit Systems of America, ELSEC, Azimuth, ITL Optronics, SCD, Opgal and certain other of its subsidiaries are engaged in electro-optic related activities.
Homeland Security Systems
Elbit Systems designs, manufactures and integrates a range of homeland security and para-government systems and products covering diverse scenarios and applications. These include integrated land, maritime and coastal control and surveillance systems, airport and seaport security systems, border control systems, safe city systems, venue security systems, access and border registration control systems, pilot identification systems, transportation security systems, C4I homeland security applications, facility perimeter security products, electronic fences, electro-optic surveillance systems, tactical mini-UAS and communications systems for defense, police, airport, border patrol and coast guard applications, training and simulation solutions, energy and critical infrastructure protection and other homeland security uses. The Company’s homeland security systems activities are performed by Elbit Systems, Elop, ELSEC, ESLC, Elisra, Azimuth, ITL Optronics, Elbit Systems of America, AEL and certain of its other subsidiaries.
EW and Signal Intelligence (SIGINT) Systems
Elbit Systems supplies a range of multi-spectral self-protection suites and systems for airborne platforms, including advanced EW and electronic countermeasures (ECM) systems, communications jammer solutions, missile warning systems, laser warning systems and radar warning receivers. The Company also furnishes SIGINT systems, including ELINT, COMINT and direction finding (DF) systems, designed for air, ground and naval platforms and applications.
Various Commercial Activities
Elbit Systems is engaged in applications of its defense technologies to commercial applications, as well as other commercial activities. The Company’s commercial activities include medical equipment, commercial communications and mobile and wireless telephone network encryptions, microwave technologies and components and spectrum monitoring and control systems, commercial automotive fleet management products, SATCOM equipment and general manufacturing and machinery services. It owns an interest in three companies that are engaged in activities primarily for the commercial market. It owns an approximately 16% interest in Starling Advanced Communications Ltd., an Israeli company. It owns an approximately 19% interest in Chip PC Ltd., an Israeli company. It also owns an approximately 14% equity interest in ImageSat International N.V., a company incorporated in Netherlands Antilles.
The Company competes with NGC, Honeywell, BAE Systems, Rockwell Collins, L-3 Communications Corporation, Thales S.A., Finmeccanica S.p.A., Harris Corporation, AAI Corporation, FLIR Systems, Inc., Rhode and Schwartz GmbH, ITT Defense Limited, Rheinmetall AG and Safran Group-Sagem Defense Securite S.A.
Elbit Systems Ltd
Advanced Technology Center, P.O.