ELBIT SYSTEMS LTD

This annual report on Form 20-F contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the Securities Act), Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), and the Israeli Securities Law, 1968, as amended (the Israeli Securities Law). These statements relate to our current plans, estimates, strategies, goals, beliefs, intents, expectations, assumptions and projections about future events and as such do not relate to historical or current facts. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended.

Forward-looking statements contained herein generally are identified by the words “anticipate”, “intend”, “believe”, “estimate”, “project”, “expect”, “will likely result”, “strategy”, “plan”, “may”, “should”, “will”, “would”, “will be”, “will continue” and similar expressions, and the negatives thereof. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, the outcomes of which cannot be predicted. Therefore, actual future results, performance and trends may differ materially from these forward-looking statements due to a variety of factors, including, without limitation:

•governmental regulations and approvals;

•changes in governmental priorities (including budgeting) or policies;

•general market, political and economic conditions in the countries in which we operate or sell, including Israel and the United States, among others, or which may affect the global economy, including worldwide conflicts such as the ongoing conflict between Russia and Ukraine;

•implications of conflicts in the Middle East, including the “Swords of Iron” war and any future developments related thereto;

•global or national health considerations, including the outbreak of a pandemic or contagious disease;

•the development and launch of our products, or their market acceptance;

•our projected expenses and capital expenditures;

•differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts;

•fluctuations in foreign currency exchange rates;

•the scope and length of customer contracts;

•our ability to achieve strategic goals from acquisitions of businesses and the risks associated with the integration of such businesses;

•our ability to protect our proprietary information;

•our ability to avoid, withstand and/or recover from cyber-attacks on our systems;

•the effect of competitive products, technology and pricing;

•our ability to attract, incentivize and retain key employees;

•changes in applicable tax rates;

•changes in interest rates;

•inventory write-downs and possible liabilities to customers from program cancellations, including due to political relations between Israel and countries where our customers may be located; and

•the outcome of legal and/or regulatory proceedings and changes in legislation.

The factors listed above are not all-inclusive, and further information about risks and other factors that may affect our future performance is contained in this annual report on Form 20-F. All forward-looking statements speak only as of the date of this annual report, unless otherwise indicated. Although we believe the expectations reflected in the forward-looking statements contained in this annual report are reasonable, we cannot guarantee future results, level of activity, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. We expressly disclaim any obligation to update or review any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable law.