Elbit Systems of America Receives Ethics Inside® Certification Elbit Systems of America honored for ethical excellence within the aerospace and defense industry
SCOTTSDALE, Arizona, March 18, 2014 /PRNewswire/ --
The Ethisphere Institute, an independent center for research, best practices and thought leadership in corporate ethics and compliance and designator of the World's Most Ethical Companies, announced today that Elbit Systems of America (ESA), a subsidiary of Elbit Systems Ltd. has earned the coveted Ethics Inside® Certification.
"ESA has literally transformed their ethics and compliance program into a superior example in just a few short years," said Eric O. Morehead, Senior Compliance Counsel, Compliance Advisory Services for NYSE Governance Services, an Ethisphere licensed credentialing partner. "The team at ESA has been creative and diligent, including taking time to do a multi-site code of conduct 'road show' to bring the message directly to all corners of their enterprise. ESA shows no signs of slowing this progress and has a full agenda of future initiatives."
"Receiving the Ethics Inside® Certification, validates the commitment of ESA employees to 'do the right thing'," stated Raanan Horowitz, ESA President and CEO. "It isn't just a tag line, it's our culture. Our core values are embedded throughout our organization. ESA is committed to establishing strong ethical processes, educational opportunities, communication campaigns, and leadership development ensuring employees understand our commitment to do the right thing and their role is maintaining ethical excellence for our company, and more importantly, our customers."
"We would like to congratulate ESA for earning Ethics Inside Certification," said Michael Byrne, Senior Vice President and General Counsel of Ethisphere. "They join an exclusive group of companies that have not only implemented adequate standards, systems and programs to reasonably prevent compliance failures and ethical breakdowns, but also demonstrate the existence of a superior employee and leadership culture that promotes ethical business practices."
Ethisphere's licensed credentialing partners look at more than 100 separate criteria during the Ethics Inside Certification process, including corporate citizenship and responsibility; overall compliance and ethics program; organizational health and culture of ethics; corporate governance; and regulatory history. No company is expected to excel in all criteria areas-yet the aggregate score must meet or exceed a level at which ethical behavior becomes the core expectation, fundamental compliance systems are in place, tone from the top is clear and the company's actions bear unmistakable signs of good corporate citizenship. More information about Ethics Inside Certification is available at http://ethisphere.com/certifications/ethics-inside-certified.
About Elbit Systems of America
Elbit Systems of America is a leading provider of high performance products, system solutions, and support services focusing on the commercial aviation, defense, homeland security, and medical instrumentation markets. With facilities throughout the United States, Elbit Systems of America is dedicated to supporting those who contribute daily to the safety and security of the United States. Elbit Systems of America, LLC is wholly owned by Elbit Systems Ltd. (NASDAQ and TASE: ESLT), a global electronics company engaged in a wide range of programs for innovative defense and commercial applications. For additional information, visit: http://www.elbitsystems-us.com.
The Ethisphere® Institute is an independent center of research, best practices and thought leadership that promotes best practices in corporate ethics and compliance and enables organizations to improve governance, mitigate risk, and enhance relationships with employees, business partners, investors and the broad regulatory community. Ethisphere evaluates and benchmarks compliance and governance programs, honors superior achievement through its World's Most Ethical Companies'™ recognition program, and publishes Ethisphere Magazine. Ethisphere is also the leading provider of independent verification of corporate ethics and compliance programs that include: Ethics Inside® Certification, Compliance Leader Verification™ and Anti-Corruption Program Verification™.
About Elbit Systems
Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems ("UAS"), advanced electro-optics, electro-optic space systems, EW suites, signal intelligence ("SIGINT") systems, data links and communications systems and radios. The Company also focuses on the upgrading of existing military platforms, developing new technologies for defense, homeland security and commercial aviation applications and providing a range of support services, including training and simulation systems.
Elbit Systems of America and other trademarks, service marks and logos are registered or unregistered marks of Elbit Systems of America companies in the United States and in foreign countries. Copyright © 2014 Elbit Systems of America. All rights reserved.
Forward Looking Statement
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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