► Elbit Systems Consolidates Operations in Germany, Rebrands TELEFUNKEN

Haifa, Israel and Ulm, Germany, October 1, 2020 – Elbit Systems strengthens its business operations in Germany, rebranding its wholly-owned German subsidiary TELEFUNKEN RACOMS as Elbit Systems Deutschland GmbH & Co. KG (“Elbit Systems Deutschland”). The company will be managed by Thomas Nuetzel, who has served as the CEO of TELEFUNKEN   RACOMS for the past 10 years.

With a long tradition of providing high-quality solutions to the German Armed Forces, TELEFUNKEN RACOMS has been focusing during recent years on diversifying, leveraging its research and development capabilities as well as its engineering and manufacturing excellence. Steadily growing, TELEFUNKEN RACOMS has been adding to its Ulm-based operations a range of technologies from across the Elbit Systems portfolio, including: Electro-Optics, Electronic Warfare, Direct Infra-Red Countermeasures, Software Defined Radio, Cyber, Unmanned Systems, Command & Control and others.

Thomas Nuetzel, CEO of Elbit Systems Deutschland, said: “I am proud to lead the operations of Elbit Systems in Germany. We see a great potential for growth as we continue to broaden the range of our offering, expand our engineering workforce while addressing requirements for German sovereignty. We intend to further expand existing co-operations with the German industry and explore new ones.”

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems,commented: “Germany is an important market for Elbit Systems. We have been operating in Germany for more than a decade, proudly supporting the German Armed Forces, diligently building our engineering base and developing co-operations with local industry. Elbit Systems Deutschland is led by an excellent team, and I am confident that it will continue to steadily grow and play an increasingly meaningful part in Germany’s technological and industrial base.”