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Elbit Systems UK’s subsidiary selected for UK Government growth and development programme

16 November 2021

Sandwich, Kent, 16 November 2021 – Elbit Systems UK’s Kent-based subsidiary, Instro Precision Ltd, has recently been selected for the UK Government’s Sharing in Growth (SiG) funding and development programme. 

SiG is a transformation programme funded by the UK Government and supported by the regional growth fund which provides grants and support to British aerospace companies that are driving innovation and local employment.

Following a long and thorough diagnostic phase, Instro was selected onto the programme because the company meets SiG’s criteria of strong growth potential, development of innovative defence technology and the possibility of creating additional jobs in the UK.

In order to further leverage Instro’s strategy and business goals SiG will deploy a team of consultants and training partners including the Institute for Manufacturing from Cambridge University, that will suggest a development plan that could enhance both the human aspect of the company as well as overall business processes. The goal is to continue Instro’s success and to further develop new best-in-class British products.

Based in Sandwich, Instro employs local people in highly skilled manufacturing and engineering roles and is seeking to expand its headcount within the next 3-5 years. Specialising in electro-optics and target acquisition systems, Instro provides systems to different sectors of the UK military and other Aerospace and Defence companies in the UK. 

Martin Fausset, CEO of Elbit Systems UK said:

The acceptance of Instro onto the Sharing in Growth programme is demonstrative of the company’s status as a valued local employer and trusted supplier of cutting-edge equipment to the UK Ministry of Defence.

About Elbit Systems UK 

Elbit Systems UK Ltd. holds four wholly-owned subsidiaries as well as two joint ventures. In total, over 600 personnel are employed by the Elbit Systems UK companies in the UK, in high tech roles in the defence, aerospace and rail sectors. The two joint ventures were formed in order to deliver the Watchkeeper programme for the British Army and to supply and support three fleets of aircraft within the UK MOD Military Flying Training System (UKMFTS) programme. Elbit Systems UK is an established supplier to the UK Armed Forces participating in several major Defence programmes, such as Selborne and Morpheus, and delivering the Dismounted Joint Fires Integrator and Joint Fires Synthetic Trainer.

For media enquiries please contact:

Victoria Mackarness

CMS Strategic Managing Director

Dana Tal-Noyman

International Corporate Communications Manager

This press release contains forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current fact. Forward-looking statements are based on management’s expectations, estimates, projections and assumptions. 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 and uncertainties, which are difficult to predict. 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; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; 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. The Company does not undertake to update its forward-looking statements.

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