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Elbit Systems Awarded Approximately $190 Million Contract to Supply Iron Sting Guided Mortar Munition to the Israeli Ministry of Defense

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HAIFA, Israel, July 29, 2024 /PRNewswire/ — Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems” or the “Company”) announced today that it was awarded a contract worth approximately $190 million to supply its Iron Sting laser and GPS-guided mortar munition to the Israeli Ministry of Defense. The contract will be performed over a period of 2 years.

Iron Sting is a precision-guided mortar munition, launched from a 120mm mortar, designed to accurately target and destroy objectives, utilizing both immune GPS and laser guidance technology. It has a range of up to 10 kilometers. Iron Sting features a multi-mode fuze with Point Detonation (PD), Point Detonation Delay (PDD), and Proximity Sensor (PRX) operating modes. The loading time is approximately 15 seconds.

Yehuda (Udi) Vered, General Manager of Elbit Systems Land: “Following the combat experience our cutting-edge guided mortar munition has accumulated, this contract further cements our position as a market leader in precision-guided solutions. With the rise of military conflicts in urban environments, armed forces around the world demand accurate technologies that minimize collateral damage. Elbit Systems’ Iron Sting meets this critical need.”

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 over 19,000 people in dozens of countries across five continents. The Company reported as of March 31, 2024 approximately $1.6 billion in revenues and an order backlog of $20.4 billion.

For additional information, visit: https://elbitsystems.com, follow us on Twitter or visit our official Facebook, Youtube and LinkedIn Channels.

Company Contact:  

Dr. Yaacov (Kobi) Kagan, Executive VP – CFO
Tel:  +972-77-2946663
kobi.kagan@elbitsystems.com 

Dr. David Ravia, Investor Relations
Tel: +972-77-2947169
david.ravia@elbitsystems.com

Dalia Bodinger, VP, Communication & Brand
Tel: 972-77-2947602
dalia.bodinger@elbitsystems.com

This press release may contain forward–looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, 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 projections of the Company’s future financial results, its anticipated growth strategies and anticipated trends in its business.  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 our 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 U.S. Securities and Exchange Commission. 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.

Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this 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.

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Embracing the AI Era: Huawei Cloud Thailand Launched New Cloud Service Series to Accelerate Enterprises’ Shift to AI-Native

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BANGKOK, March 14, 2025 /PRNewswire/ — Huawei Cloud Thailand successfully hosted the “Intelligence Ignites a New Era: Huawei Cloud Reshaping Thailand’s Digital Wave” technology forum at the Renaissance Bangkok Ratchaprasong Hotel. The forum brought together over 200 business leaders and technology experts to delve into the value of data in the AI era, unveiling a suite of innovative cloud services designed to empower Thailand’s digital transformation with superior AI capabilities.

AI Strategy: A New Engine Empowering Industries
As AI drives the fourth industrial revolution forward, Celine Cao, CEO of Huawei Cloud Thailand, emphasized that: “AI should not be a high-barrier technology. Through open-source collaboration and innovation, every nation can build its own localized intelligent ecosystem.”

Prof. Jing Tang, D. Eng from Chulalongkorn University added, “Enterprises can achieve cost-efficient intelligent transformation by optimizing open-source large models with high-quality data assets. The cultivation of such data will be pivotal to successful AI implementation.”

Huawei Cloud Gives Thailand a Better AI Choice.
Huawei Cloud AI Cloud Service provides diverse, efficient, and stable computing power, enabling businesses and developers to rapidly build large-scale AI applications. The platform not only optimizes mainstream open-source models but also offers a cloud-based toolchain for streamlined development, eliminating complex configurations with one-click access and instant usability.

Technical Breakthroughs: The DeepSeek localization solution, powered by Huawei Cloud AI Cloud Service, reduces deployment cycles from 2 weeks to 2 days and cuts inference costs by 40%, supporting both full-scale and lightweight distilled models.

Scenario-Driven Innovations: Leveraging 30+ industry-specific best practices, Huawei Cloud launched three key solutions:Intelligent Interaction Hub: DeepSeek+Chatbot delivers precise semantic understanding and personalized interactions for high-concurrency scenarios across industries like customer service, education, healthcare, and finance.

Development Efficiency Revolution: DeepSeek+CodeArts boosts deployment efficiency by 20x, reduces code defects by 70%, and enables automated programming with intelligent Q&A and code inspection.

Knowledge Management Upgrade: DeepSeek+KooSearch integrates enterprise data to build unified intelligent knowledge centers.

Cloud Service Portfolio: Building Blocks for Digital Transformation
At the event, James Tan Shijie, Vice President of Solution Sales, Asia Pacific Cloud, announced a series of cloud services to accelerate enterprises’ transition from cloud native to AI-native.

CloudDC Solution: A one-stop cloud migration service for data centers, integrating deterministic operations, cloud DCs, and full-stack AI.

Backup & Disaster Recovery Continuity Center Solution: Ensures business continuity across five layers (management, applications, hosts, storage, cloud DCs), featuring risk detection within seconds, rapid recovery, and unified visibility.

Large Model Security Solution: End-to-end protection covering environment security, data compliance, model inference security, and unified security operations.

GaussDB & TaurusDB:GaussDB’s three-layer pooling architecture enables elastic resource scaling, while its dual-cluster disaster recovery design isolates hardware/software failures between clusters. An AI-powered DevOps assistant automates 90% of fault diagnosis and recovery.TaurusDB offers MySQL compatibility for seamless migration and pioneers AI-driven serverless capabilities with unique write scalability.

AI Cloud Service: Supports uninterrupted foundation model training for up to 40 days, with 10-minute fault recovery and compatibility with 100+ global models like DeepSeek and Llama.

Ecosystem Collaboration: Data-Driven Sustainable Growth
During the “C-Level Big Data Roundtable,” experts agreed that enterprises must build intelligent data governance systems to transform data assets into competitive advantages. Wu Shiwei, CTO of Huawei Cloud Asia-Pacific, stated, “Through open architectures and localized support, we empower Thai businesses to leap from data accumulation to value creation.”

This forum marks Huawei Cloud’s strategic upgrade in Thailand, combining “technology democratization” and “ecosystem collaboration” to fuel Thailand’s digital economy. With the rollout of these solutions, Huawei Cloud will continue driving intelligent transformation across Thailand

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/embracing-the-ai-era-huawei-cloud-thailand-launched-new-cloud-service-series-to-accelerate-enterprises-shift-to-ai-native-302401944.html

SOURCE Huawei Cloud Thailand

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Saab receives order for additional Live Training equipment from U.S. Marine Corps

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STOCKHOLM, March 14, 2025 /PRNewswire/ — Saab has received a contract modification award from the U.S. Marine Corps for additional Marine Corps Training Instrumentation Systems (MCTIS) equipment. The order value for this award is USD $37 million (SEK 375 million) with deliveries taking place from 2025 to 2027.

This award ensures the U.S. Marine Corps will continue implementing Saab’s deployable and expeditionary MCTIS capability. This advanced, interoperable live training solution helps Marines train in the most realistic environments, significantly improving their performance and survivability on the battlefield. 

The system focuses on developing and reinforcing effective tactics, techniques and procedures, while also facilitating joint training with NATO allies during multinational exercises.

“We are honored that the U.S. Marine Corps continues to rely on us as their training partner for the next generation of Marine warfighters,” said Erik Smith, President and CEO of Saab in the U.S. “Our training capability enhances combat readiness by immersing Marines in realistic scenarios and rigorously analyzing their decision-making and actions, ultimately delivering on the objective of saving American lives. We take pride in providing the premier interoperable, land-based live training capability in the world.”

Saab’s collaboration with the U.S. Marine Corps began with a contract awarded in June 2021, marking the transition from the previous Instrumentation and Tactical Engagement Simulation System II (ITESS – II) to the MCTIS training system. 

Contact

Ben Decatur 
+1 (571) 926-5978 
benjamin.decatur@saabinc.com

Saab is a leading defense and security company with an enduring mission, to help nations keep their people and society safe. Empowered by its 25,000 talented people, Saab constantly pushes the boundaries of technology to create a safer and more sustainable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defense capability of several nations.

Saab, Inc. is a U.S. based wholly owned subsidiary, delivering advanced technology and systems, supporting the U.S. Armed Forces and the Federal Aviation Administration, as well as international and commercial partners. Headquartered in Syracuse, New York, the company has business units and local employees in nine U.S. locations.

This information was brought to you by Cision http://news.cision.com.

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Saab receives order for additional Live Training equipment from U.S. Marine Corps

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Saab Training and Simulation Live Training

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Saab Training and Simulation support

 

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SOURCE Saab

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FLORIDA SOUTHERN COLLEGE NAMES BRITTANY BEHRENS, MSN, RN, CNE, CHSE, THE MAIDA BADCOCK POU ENDOWED CHAIR IN NURSING SIMULATION

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LAKELAND, Fla., March 14, 2025 /PRNewswire/ — Florida Southern College is excited to announce Brittany Behrens, MSN, RN, CNE, CHSE, as being named the Maida Badcock Pou Endowed Chair in Nursing Simulation.

This honor is made possible by a generous gift from alumna Ebbie Sue Pou Doherty, class of 1981, dedicated to the legacy of Maida Badcock Pou, a Florida Southern Trustee Emerita whose service and philanthropy left a lasting impact on the College.

A proud Florida Southern College graduate with a Bachelor of Science in Nursing in 2014 and a Master of Science in Nursing Education in 2017, Behrens began her career at FSC in 2015 as a part-time Simulation Lab Assistant. She transitioned to a full-time faculty role in 2017 and lastyear assumed the position of Nursing Simulation Lab Manager and Instructor in the Ann Blanton Edwards School of Nursing and Health Sciences. In this role, she fosters a dynamic learning environment where students develop essential nursing skills through clinical experiences.

“I am incredibly honored to receive the Maida Badcock Pou Endowed Chair in Nursing Simulation,” said Behrens. “This endowment will allow Florida Southern College to further enhance our simulation program, equipping students with high-quality simulation experiences to improve critical thinking and clinical judgment skills. I am so grateful for the generosity that surrounds this school and will use this opportunity to ensure that our graduates are confident, competent, and ready to meet the evolving demands of healthcare.”

Ebbie Sue Pou Doherty, retired Vice President of Employee Services at W.S. Badcock Corporation, shared, “My family and I are honored to continue my mother’s legacy by creating this endowed chair. We hope it will be a platform for future leaders in nursing simulation to continue pushing the boundaries of education and healthcare.”

About Florida Southern College
Founded in 1883, Florida Southern College is the oldest private college in the state. The College maintains its commitment to academic excellence through 70+ undergraduate programs and distinctive graduate programs in business administration, education, nursing, and physical therapy. Florida Southern has a 14:1 student-to-faculty ratio, is an award-winning national leader in engaged learning, and boasts 30 NCAA Division II National Championships. In the U.S. News & World Report’s 2025 “Best Colleges” guide, Florida Southern ranks #11 among “Best Regional Universities in the South,” #9 in “Most Innovative Schools,” and #20 in “Best Value Schools.” The College is also highlighted in The Princeton Review’s 2024 Best 389 Colleges guide and the “Fiske Guide to Colleges 2025.” The 2024-2025 Colleges of Distinction guidebook praises Florida Southern’s AACSB accredited Barney Barnett School of Business and Free Enterprise alongside the College’s School of Education and its Ann Blanton Edwards School of Nursing and Health Sciences. Home to the world’s largest single-site collection of Frank Lloyd Wright architecture, FSC has appeared on The Princeton Review’s top 20 “Most Beautiful Campus” national listing for 13 consecutive years, now ranking #5. Connect with Florida Southern College. 

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SOURCE Florida Southern College

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