HAIFA, Israel, April 17, 2024 /PRNewswire/ — Elbit Systems (NASDAQ:) Ltd. (NASDAQ: ESLT) and (TASE: ESLT) (“Elbit Systems” or the “Company”) announced today that its Extraordinary General Meeting of Shareholders (the “Meeting”), which was postponed to Thursday, April 18, 2024, from its originally scheduled date of Tuesday, April 9, 2024, has been further postponed in order to allow the Company time to consider additional comments received from the market with respect to the items on the Meeting agenda. The date and time of the postponed Meeting will be published by the Company in due course, and a revised notice and proxy statement for such Meeting will be filed and made available to shareholders in accordance with applicable law.

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, cyber-based systems and munitions. 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: https://elbitsystems.com, follow us on Twitter or visit our official Facebook (NASDAQ:), Youtube and LinkedIn Channels.

Company Contact:

Dr. Yaacov (Kobi) Kagan, ExecutiveVP – 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; 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 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.

Logo – https://mma.prnewswire.com/media/2017806/Elbit_Systems_Logo.jpg

NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Aviation Capital Group LLC (ACG), a premier global full-service aircraft asset manager, announced the delivery of one new Airbus A320neo aircraft on long-term lease to Scandinavian Airlines (SAS). Featuring CFM International LEAP-1A engines, this is the tenth aircraft scheduled to deliver to the airline as part of a multiple-aircraft sale-leaseback transaction between ACG and SAS.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240417259260/en/

ACG specializes in commercial aircraft leasing and aviation finance. In addition to aircraft leasing services, we provide aircraft asset management solutions tailored to meet our customers’ fleet management needs. To learn more about the aircraft leasing and aircraft management services offered by ACG, visit www.aviationcapitalgroup.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable federal securities laws. Any such statements, other than statements of historical fact, are based upon our current expectations and assumptions concerning future events, which are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. Accordingly, such statements are not guarantees or assurances of any aspect of future performance. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events or otherwise.

About Aviation Capital Group

Aviation Capital Group is one of the world’s premier full-service aircraft asset managers with approximately 490 owned, managed and committed aircraft as of December 31, 2023, leased to roughly 90 airlines in approximately 45 countries. It specializes in commercial aircraft leasing and provides certain aircraft asset management services and aircraft financing solutions for third parties. It was founded in 1989 and is a wholly owned subsidiary of Tokyo Century Corporation. Follow ACG on LinkedIn, and for more information, visit www.aviationcapitalgroup.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240417259260/en/

Media Relations:
Elizabeth Stevens
MediaRelations@AviationCapital.com

Investor Relations:
Matthew Novell
InvestorRelations@AviationCapital.com

Source: Aviation Capital Group

By David Lawder and Andrea Shalal

WASHINGTON (Reuters) – Deputy U.S. Treasury Secretary Wally Adeyemo said G7 finance leaders were working towards a plan to unlock the value of frozen Russian sovereign assets to aid Ukraine in the near term, but the talks are still a “work in progress.”

Finance ministers and central bank governors from the Group of Seven industrial democracies are meeting on Wednesday on the sidelines of the International Monetary Fund and World Bank meetings in Washington to discuss how to harness some $300 billion worth of frozen Russian assets.

Adeyemo told an event hosted by the Semafor news outlet that finance ministers were doing technical work to come up with options so that G7 leaders can make decisions on a path forward at a June summit in Italy.

He said these options still include building a strong legal foundation for outright seizure of the assets.

“We’re talking through a number of different options. One of them is seizure, but another is collateralizing, or even using the windfall profits or the interest from these assets to fund a loan,” Adeyemo said.

Because the bulk of the assets are being held in Europe, it was important that the U.S. work closely with European allies on the issue, Adeyemo said.

The United States insists there is a solid basis in international law for seizure of the Russian assets, but Germany and France have raised concerns about any such move, worried that it could set dangerous precedents.

Using the interest from the assets as collateral for loans or bonds would not require seizure of the assets.

French Finance Minister Bruno Le Maire said on Wednesday that the G7 needed to be in a position to harness the interest earned on the assets.

“These revenues are estimated between 3 billion to 5 billion euros per year, depending on the level of the interest rates,” Le Maire said. “So our proposal is to better understand and better define how these three to 5 billion euros could be used over the next month to help Ukraine and to help the Ukrainian government. So let’s focus on that question.”

The ministers are not expected to decide on a plan this week, but one of the most promising proposals under consideration would see G7 countries pull forward the interest due on the frozen Russian assets to use as collateral for loans or bonds issued to help Ukraine, sources familiar with the issue said.