LONDON, May 26, 2026 /PRNewswire/ — Netlight, a leading digital consultancy, is establishing a new office in Vienna, Austria. This expansion builds on recent openings in London, Madrid and Gothenburg and reinforces Netlight’s strategic focus on supporting clients throughout Europe and accelerating their digital transformation.

As one of the most prosperous markets in Europe, Austria offers an ideal environment for Netlight to expand client relationships and enable its clients’ growth through digital innovation. The new Vienna office marks a significant milestone in Netlight’s continued growth in Central Europe.

“Vienna has strongly grown into a hub for technology, innovation and talent. By establishing a local presence, we can further contribute to the city’s thriving digital ecosystem and work even more closely with our clients in Austria and the wider DACH region,” said Maximilian Born, Managing Partner Austria.

Vienna’s strategic position at the intersection of DACH and Central and Eastern European markets provides access to exceptional talent, with over 1,000 computer science graduates entering the workforce annually. The city is consistently ranked among the world’s most livable, with a diverse population and a strong focus on sustainable innovation.

The city’s key industries finance, insurance and manufacturing are closely aligned with Netlight’s consulting expertise in cloud, data & AI and modern software architecture. This makes Vienna an ideal location for Netlight to support clients in their digital transformation journeys.

“Establishing our office in Vienna enables us to meet the needs of forward-thinking clients, in person and in partnership. The new office is a natural step in our continued growth as a company, where our expanding footprint also strengthens our existing offices. We look forward to shaping the future of digital transformation and contributing to the success of Vienna as a leading European tech hub,” concludes Anders Thall, Co-CEO, Netlight.

With the opening of Vienna, Netlight now operates 16 offices across eleven countries, deepening its commitment to create lasting value and drive progress together with clients and networks throughout Europe.

About Netlight 

Netlight is an international digital consultancy, helping leading companies to succeed in the digital landscape, from advice to implementation. Our service contains the collective intelligence of 2000 consultants offering a comprehensive range of digital services, from strategy to technology. We support industries that are facing new challenges and opportunities based on new technology, to make better business. Netlight has been awarded several times for profitable growth and management, as a top employer, and for our engagement in Diversity, Equity, and Inclusion. Located in Stockholm, Gothenburg, Oslo, Helsinki, Copenhagen, Munich, Hamburg, Berlin, Frankfurt, Zurich, Cologne, Amsterdam, London, Madrid, Toronto and Vienna. Co-creating the future today, since 1999. www.netlight.com 

Contact: 
Anna Moore 
Senior PR Strategist 
anna.moore@netlight.com 

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HAIFA, Israel, May 26, 2026 /PRNewswire/ — Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems” or the “Company”) announced today that it has been awarded a contract valued at approximately $1.4 billion by a European customer for extensive military modernization programs. The contract will be performed over a period of five years.

The modernized programs will provide improved maneuverability and survivability, spanning the entire battle domain. The state-of-the-art solutions to be delivered include a variety of uncrewed autonomous solutions, advanced networked land electronic warfare (EW), precision-guided munitions (artillery and air-to-ground), coupled with electro-optical designating and reconnaissance systems, all networked by software-defined radios (SDR). These solutions will improve the nation’s operational effectiveness towards becoming an advanced and modern army.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems: “This contract reflects the breadth and attractiveness of Elbit Systems’ defense portfolio, as well as our ability to deliver both highly capable, best–in–class systems and comprehensive, integrated solutions tailored to evolving operational needs. Our proven experience working with numerous armed forces worldwide, together with our strong in–house development capabilities and leading–edge technological expertise, continue to drive growing demand for our solutions and position us as a trusted partner for long–term military modernization programs.”

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 20,000 people in dozens of countries across five continents. The Company reported $7,938.6 million in revenues for the year ended December 31, 2025 and an order backlog of $28.1 billion as of such date.

For additional information, visit: https://elbitsystems.com, follow us on X 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 

Daniella Finn, VP, Investor Relations
Tel: +972-77-2948984
daniella.finn@elbitsystems.com

Dalia Bodinger, VP, Communications & 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 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 press 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.

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SOURCE Elbit Systems Ltd.

BEIJING, May 26, 2026 /PRNewswire/ — A news report from Global Times:

In a small appliance factory in Cixi, Ningbo, East China’s Zhejiang Province, rows of hair dryers roll off assembly lines before being loaded onto container trucks bound for Ningbo-Zhoushan Port.

Within hours, these newly made products will depart from the world’s busiest cargo port aboard vessels headed for Europe, the Middle East and Southeast Asia – part of the vast flow of Chinese-made goods linking Ningbo’s factories with global markets.

Standing on the observation deck overlooking the Chuanshan Port area of Ningbo-Zhoushan Port, the Global Times reporter watched towering cranes loom through the mist like a forest of steel as container trucks moved constantly across the sprawling docks. In the distance, giant cargo vessels waited at deep-water berths for loading and unloading, while rows of multicolored containers stretched almost beyond sight – a glimpse into the vast scale of the world’s busiest cargo port.

As the world’s busiest cargo port by throughput for several consecutive years, Ningbo-Zhoushan Port has evolved from a gateway for China’s foreign trade into a critical hub linking global supply chains. Its Chuanshan Port area, one of the port’s core container terminals, operates 11 deep-water berths capable of accommodating 200,000-ton container vessels around the clock. In 2025, container throughput at the terminal surpassed 12 million TEUs for the first time, supported by more than 50 international shipping routes connecting markets across Europe, the Americas, Africa and Belt and Road countries and regions.

“Many local manufacturers rely on the port to reach global markets, while the port’s growth is also supported by the region’s strong industrial base,” Zhou Chenfeng, director of Ningbo Beilun Third Container Terminal Co, told the Global Times.

The drive from Chuanshan Port area to Cixi takes only about an hour, but in Ningbo, the link between the port and the region’s manufacturing base feels even closer than that distance suggests.

Cixi is one of China’s leading hubs for small household appliances. More than 2,000 appliance makers and thousands of suppliers are clustered here, forming a dense industrial network where many products can move from factory floor to export dock within just a few dozen kilometers.

Yueli Group is one of the region’s leading manufacturers of hair care appliances. Starting out as an OEM manufacturer for overseas brands, the company has gradually expanded into product design and its own consumer brands. In 2025, Yueli produced 35 million small appliances, including 12 million hair dryers, making it one of the world’s largest hair dryer makers.

Jamie Li, marketing director of Yueli Group, told the Global Times that the company has continued investing in research and development as China’s manufacturing sector moves up the value chain, launching more than 40 new products each year, including smart hair dryers equipped with sensor-based and AI-powered features.

He said Yueli is gradually shifting from an export-driven model toward growth supported by both domestic sales and overseas markets through its own brand development. Brands under the company, including ShowSee, are gaining popularity in China while expanding into Southeast Asian markets.

At the same time, Yueli is advancing greener production through greater use of solar power, recyclable materials and energy-saving technologies.

For years, many Chinese manufacturers produced goods for overseas brands without selling under their own names. Now, more Ningbo companies are building their own global brands.

Starting with its first self-developed curved range hood in 1996, Fotile began building its own core technologies through independent R&D. “Today, Fotile products have entered major US retail chains including Lowe’s, while continuing to expand in markets including Malaysia and Indonesia,” a Fotile representative told the Global Times, adding that the company has also won multiple awards at the KBIS kitchen and bath exhibition in the US.

As manufacturing becomes smarter and more technology-driven, the port itself is also evolving. “Many operational decisions that once relied largely on experience are now made through data analysis and intelligent scheduling,” Zhou told the Global Times.

The Chuanshan Port area is now fully covered by 5G networks, with some bridge cranes and gantry cranes already being operated remotely, he said, adding that the port’s smart upgrades are helping improve loading efficiency and shorten vessel turnaround times.

Despite shifts in the global shipping landscape, Ningbo-Zhoushan Port has maintained steady operations. “In recent years, we’ve continued expanding and diversifying our international shipping routes to better withstand external uncertainties, while using technological upgrades to improve both efficiency and service quality,” Zhou said.

Even after dusk, operations at the Chuanshan Port area continue around the clock, with cranes and container trucks operating day and night, a crane operator at the port told the Global Times.

More than 1,000 years ago, silk and porcelain departed from Ningbo-Zhoushan Port along the ancient Maritime Silk Road. Today, hair dryers from Cixi, smart kitchen appliances in Ningbo and more products produced by China’s advanced manufacturing sector are leaving the port along new global shipping routes bound for overseas markets.

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SOURCE Global Times