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Elbit Systems Awarded a Contract of Approximately $340 Million for the Supply of Ammunition to the Israeli Ministry of Defense

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HAIFA, Israel, Aug. 1, 2024 /PRNewswire/ — Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems” or the “Company”) announced today, that it was awarded a contract in an amount of approximately $340 million for the supply of ammunition to the Israeli Ministry of Defense (IMOD). The contract will be performed over a period of 10 years. Elbit Systems will establish a manufacturing facility to produce the ammunition.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems: “We continue to expand our production infrastructure and capabilities to support our customers. I thank the IMOD for the trust placed in our management and employees. Elbit Systems continues to develop, manufacture and deliver top-tier technological solutions and products that are combat proven, to our customers in Israel and worldwide.”

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.

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

 

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SOURCE Elbit Systems Ltd.

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ODILO Embarks on a New Era as Letmino to Transform Continuous Learning in the Age of AI

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The edtech company updates its brand and strategic vision, positioning artificial intelligence as a pedagogical tool to accelerate upskilling and reskilling throughout the European market.With platforms providing access to over 170 million users globally, Letmino reinforces its focus on the corporate and institutional sectors, seamlessly integrating continuous learning into the daily routines of organizations.

MADRID, Sept. 3, 2026 /PRNewswire/ —  ODILO, the global edtech company with over a decade of experience transforming access to knowledge, is embarking on a new chapter under the brand Letmino. This evolution reflects the renewal of its visual identity and product portfolio, responding to the company’s growth and its evolution into a comprehensive learning platform tailored to the challenges of today’s workplace.

In a market heavily focused on the technical capabilities of artificial intelligence, Letmino advocates that technology is a means, not an end in itself. True innovation lies in improving the way people and organizations learn and develop their talent.

Sarah Harmon, CEO, who brings an outstanding track record in the executive management of technology companies, is leading this transformation. “We begin this new stage with a clear conviction: technology only holds value if it empowers human development. In an environment of unprecedented digital acceleration, our goal is to ensure that every professional and organization remains at the forefront,” emphasizes Harmon. “True personalization is not merely an algorithm; it is a profound pedagogical challenge. With Letmino, we offer a new vision of continuous learning, supported by technology, that turns knowledge into real and immediate growth.”

Businesses and public entities are currently facing an urgent need to update their workforce’s skills in the face of rapid digital transformation. To mitigate the risk of employees turning to informal, unstructured, or unverified content, Letmino positions itself as an essential strategic partner. The platform offers carefully curated, verified learning paths that are specifically designed according to the maturity stage and unique needs of each organization.

In addition to its strong presence in the public sector and the educational ecosystem, the platform is expanding its corporate portfolio with the launch of new, technologically advanced products and a highly flexible commercial structure. This new offering ranges from agile solutions tailored for small and medium-sized enterprises (SMEs) to comprehensive packages for large multinational corporations, facilitating widespread adoption on a regional scale.

ABOUT LETMINO

Letmino is the continuous learning platform that integrates naturally into the work environment and daily life. We select, organize, and contextualize content to respond to questions and concerns at the exact moment they arise. We transform available moments in a schedule into immediately applicable learning, providing exactly the content needed to take the next step with confidence. Whether it is taking on a new challenge, exploring other interests, or simply keeping the mind sharp, we adapt to the schedules and pace of every individual. Each person sets their own direction; we ensure learning flows to accompany them.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/odilo-embarks-on-a-new-era-as-letmino-to-transform-continuous-learning-in-the-age-of-ai-302867939.html

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VARIANSE and Southampton FC announce multi-year global trading partnership

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Global online trading brand marks 10 years in the industry as it becomes Southampton FC’s Official Global Trading Partner and exclusive Official CFD Trading Partner.

SOUTHAMPTON, England and LONDON, Sept. 3, 2026 /PRNewswire/ — Southampton Football Club and global online trading brand VARIANSE have announced a new multi-year partnership, which will see VARIANSE become the club’s Official Global Trading Partner and exclusive Official CFD Trading Partner.

This partnership marks an important milestone for VARIANSE as the brand celebrates 10 years of excellence in the online trading industry and enters the next phase of its international growth.

By combining two organisations that share a focus on performance, technology, innovation, and continued development, the partnership gives VARIANSE worldwide rights to use its official Southampton FC partnership titles and the approved club intellectual property in its international branding and digital activations.

Under the terms of the multi-year contract, the VARIANSE brand will have a prominent presence at St Mary’s Stadium, with its name appearing across matchday advertising and other partner branding activities throughout the season.

The two organizations will also work together on tailored digital campaigns and produce original content featuring members of Southampton FC’s Men’s First Team, bringing together the worlds of elite football and global financial markets through a series of digital activations.

Rohit Mirpuri, Chief Executive Officer of VARIANSE, said:

“Becoming Southampton Football Club’s Official Global Trading Partner is a pivotal moment for VARIANSE.

Southampton has a proud history, an international fan base, and a strong reputation for developing talent and embracing innovation. Those qualities reflect the ethos that has shaped the way we have built VARIANSE.

Trading at a high level demands preparation, technology, discipline and the ability to perform when it matters. We see many of those same principles in elite sport, which makes Southampton a natural partner for us.

We’re looking forward to working closely with the club and creating engaging content and experiences that bring the partnership to life for supporters around the world.”

Greg Baker, Chief Revenue Officer of Southampton FC, said:

“We are delighted to welcome VARIANSE to Southampton Football Club as our Official Global Trading Partner.

The partnership reflects Southampton FC’s long-standing commitment to working with ambitious, high-growth brands that share the Club’s values of authenticity, innovation, community engagement and a strong focus on their clients and supporters.

Through the collaboration, Southampton FC will work closely with VARIANSE to deliver engaging digital campaigns and original content for the Saints global fanbase and wider Hampshire community, providing greater exposure to the fast-moving and increasingly technology-driven world of online trading and investment.”

About VARIANSE

VARIANSE is a globally regulated online broker specialising in Forex, commodities and CFD trading.

Established in 2015, and headquartered in London, the brand is regulated by multiple international financial authorities, including the UK’s Financial Conduct Authority (FCA). VARIANSE services clients in more than 100 countries and continues to expand its footprint across Asia, Latin America and the MENA regions.

VARIANSE as a leading fintech broker, combines institutional-grade trading technology with direct market access, providing retail traders, asset managers and algorithmic trading firms access to global financial markets.

For more information, visit varianse.com

About Southampton Football Club

Southampton Football Club (the ‘Saints’) is a professional English football club with a rich history rooted in the Hampshire community.

Founded in 1885 and based at the St Mary’s Stadium since 2001, the club competes in the English Football League (EFL) Championship and is internationally renowned for its world-class youth academy, which has produced some of modern football’s finest talent.

Underpinned by a commitment to innovation, resilience, and community value, Southampton FC continues to build long-term success both on the pitch and through its official charity, the Saints Foundation.

For more information, visit southamptonfc.com

Media enquiries

VARIANSE
Rasheed Ahmed
PR & Digital Media
media@varianse.com

Southampton Football Club
Jordan Sibley
Head of PR & Communications
jsibley@saintsfc.co.uk

Regulatory notice

This announcement is provided for corporate information purposes only and does not constitute investment advice, an offer or a solicitation to enter into any financial transaction.

Trading products and services are subject to applicable regulatory requirements and jurisdictional restrictions.

View original content to download multimedia:https://www.prnewswire.com/news-releases/varianse-and-southampton-fc-announce-multi-year-global-trading-partnership-302867974.html

SOURCE VARIANSE

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Improved colour matching functionality; new KAIROS control options; and standard-setting PTZ cameras reflect Panasonic’s continuous broadcast innovation.

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WIESBADEN, Germany, Sept. 3, 2026 /PRNewswire/ — Panasonic Connect Europe’s latest broadcast and ProAV innovations enable content creators and production teams to deliver smarter, more efficient and visually compelling live productions through advances in imaging, automation and workflow technology.

Enhanced KAIROS Control Panels
Panasonic has launched two new control panels for its KAIROS IT/IP live video production platform. These are available with 12 Buses/40 Crosspoint Buttons; and 12 Buses/30 Crosspoint Buttons, ideal for managing complex, large-scale live productions[1]. The large touch panels on each Bus row provide simple access to snapshots, macros, and other frequently used functions. This reduces operator fatigue and enables smoother switching. The AT-KP340 will be available in Q2 CY2027, with the AT-KP330 available in Q3 CY2027[2].

New Auto Colour-Matching for Image Adjust Pro Software
Panasonic’s Image Adjust Pro Media Production Suite plug-in has been updated with enhanced virtual remote-control panels, and a new automatic colour-matching function. This automatically aligns the colours from multiple cameras to a reference camera without requiring specialist knowledge[3]. This reduces manual efforts to adjust gamma, matrix and colour correction settings, streamlining on-location colour matching.

This simplifies pre-production setup and reduces operator workload, while the intuitive GUI interface enables consistent colour matching across Panasonic and third-party cameras[4]. The result is a smarter, more efficient workflow for live production environments. The update is scheduled to be released in Q4 CY2026[5][6]. It is also planned to support the new AW-UE200 and AW-UER200 PTZ cameras in the future.

Enhanced Colour Adjustment for 4K Cameras
Panasonic has introduced new colour adjustment functions[7] for its AK-UCX100 studio camera, and AK-UBX100 multi-purpose camera, available in Q4 CY2026. These deliver the desired colour expression for creators, and simplify colour matching between cameras for live events with LED walls, broadcast studios, and virtual productions.

The Color Temp. Blend function takes the colour temperature data from LED walls and stage lighting, blending them to generate an optimal white balance for the desired shooting environment. This closely aligns visuals from real-world subjects and LED wall footage.

Target Color Correction allows users to designate a specific colour and adjust its hue and saturation individually. For example, it enables pinpoint correction of corporate brand colours or sponsor logos displayed on an LED wall. The function can configure up to three colour tables simultaneously.

Panasonic’s Chroma Suppression function allows users to maintain overall colour reproduction whilst suppressing colour shift and saturation in highly saturated visuals. This is useful for operators shooting LED displays that feature vivid computer-generated imagery at live events such as concerts, whilst achieving high-quality video expression.

[1] Some features are still under development, so specifications and release dates are subject to change.
[2] For the latest information on product availability, please refer to the product website.
[3] Some features are still under development, so specifications, screens, supported models and release dates are subject to change.
[4] Only Panasonic cameras support colour adjustment using a reference camera, but the reference camera can be a third-party model.
[5] For the latest information on firmware availability, please refer to the product website.
[6] Automatic colour matching is available on models compatible with Image Adjust Pro (AW-SF600).
[7] Will be launched via firmware update.

 

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