Elbit Systems

Live  

Elbit Systems is a global high-tech company headquartered in Haifa, Israel. Established in 1966, it is one of the largest defense electronics companies in Israel and one of the world’s leading defense contractors. Elbit Systems specializes in the research, development, manufacture, and integration of advanced technology systems, products, and services for defense, homeland security, and commercial markets.
The company’s main areas of activity include aerospace, land, and naval systems, command, control, communication, computers, intelligence, surveillance and reconnaissance (C4ISR), unmanned aircraft systems, electro-optics, and cybersecurity.
Elbit Systems operates in over 30 countries and has a portfolio of over 1,500 products and solutions. It has numerous subsidiaries and joint ventures, including Elbit Systems of America, Elbit Systems UK, and Elbit Systems Australia. The company has a workforce of approximately 16,000 employees worldwide.
Elbit Systems’ customers include the Israeli Defense Forces (IDF), other Israeli defense and security agencies, as well as many international defense forces, governments, and organizations. The company’s products and solutions are used in various fields, such as intelligence gathering and analysis, surveillance and reconnaissance, command and control, and target acquisition.
Elbit Systems has a strong commitment to corporate social responsibility, sustainability, and environmental protection. It has implemented various initiatives to minimize its environmental impact and has received numerous awards for its work in this area.

VGhlcmUgYX JlIGEgZmV3 IHRoaW5ncy B0aGF0IG1h a2UgRWxiaX QgU3lzdGVt cyBhIHVuaX F1ZSBhbmQg bm90ZXdvcn RoeSBjb21w YW55Ojxicj 4xLiBHbG9i YWwgUmVhY2 g6IEVsYml0 IFN5c3RlbX Mgb3BlcmF0 ZXMgaW4gb3 ZlciA1MCBj b3VudHJpZX MgYW5kIGhh cyBhIHN0cm 9uZyBwcmVz ZW5jZSBpbi BrZXkgbWFy a2V0cyBzdW NoIGFzIHRo ZSBVbml0ZW QgU3RhdGVz LCBFdXJvcG UsIGFuZCBB c2lhLiBUaG lzIGdsb2Jh bCByZWFjaC BhbGxvd3Mg dGhlIGNvbX BhbnkgdG8g YWNjZXNzIG EgZGl2ZXJz ZSByYW5nZS BvZiBjdXN0 b21lcnMgYW 5kIG9wcG9y dHVuaXRpZX MuPGJyPjIu IERpdmVyc2 lmaWVkIFBv cnRmb2xpbz ogVGhlIGNv bXBhbnkgb2 ZmZXJzIGEg d2lkZSByYW 5nZSBvZiBk ZWZlbnNlLC BzZWN1cml0 eSwgYW5kIG NvbW1lcmNp YWwgcHJvZH VjdHMgYW5k IHNvbHV0aW 9ucywgaW5j bHVkaW5nIG Ryb25lcywg bWlsaXRhcn kgYWlyY3Jh ZnQgc3lzdG VtcywgZWxl Y3Ryb25pYy B3YXJmYXJl IHN5c3RlbX MsIGFuZCBt b3JlLiBUaG lzIGRpdmVy c2lmaWVkIH BvcnRmb2xp byBoZWxwcy BFbGJpdCBT eXN0ZW1zIH RvIG1pdGln YXRlIHJpc2 tzIGFuZCBh ZGFwdCB0by BjaGFuZ2lu ZyBtYXJrZX QgZGVtYW5k cy48YnI+My 4gSW5ub3Zh dGlvbjogRW xiaXQgU3lz dGVtcyBoYX MgYSBzdHJv bmcgZm9jdX Mgb24gcmVz ZWFyY2ggYW 5kIGRldmVs b3BtZW50LC BpbnZlc3Rp bmcgYSBzaW duaWZpY2Fu dCBwb3J0aW 9uIG9mIGl0 cyByZXZlbn VlIGludG8g aW5ub3ZhdG l2ZSB0ZWNo bm9sb2dpZX MgYW5kIHNv bHV0aW9ucy 4gVGhpcyBo YXMgYWxsb3 dlZCB0aGUg Y29tcGFueS B0byBzdGF5 IGF0IHRoZS Bmb3JlZnJv bnQgb2YgdG hlIGluZHVz dHJ5IGFuZC BvZmZlciBj dXR0aW5nLW VkZ2UgcHJv ZHVjdHMgdG 8gaXRzIGN1 c3RvbWVycy 48YnI+NC4g U3Ryb25nIF JlcHV0YXRp b246IFRoZS Bjb21wYW55 IGhhcyBhIH N0cm9uZyBy ZXB1dGF0aW 9uIGZvciBx dWFsaXR5IG FuZCByZWxp YWJpbGl0eS wgd2l0aCBt YW55IG9mIG l0cyBwcm9k dWN0cyBhbm Qgc29sdXRp b25zIGJlaW 5nIHVzZWQg YnkgbWlsaX RhcmllcyBh bmQgc2VjdX JpdHkgZm9y Y2VzIGFyb3 VuZCB0aGUg d29ybGQuIF RoaXMgaGFz IGhlbHBlZC BFbGJpdCBT eXN0ZW1zIH RvIGVzdGFi bGlzaCBsb2 5nLXRlcm0g cmVsYXRpb2 5zaGlwcyB3 aXRoIGl0cy BjdXN0b21l cnMgYW5kIG 1haW50YWlu IGEgbGVhZG luZyBwb3Np dGlvbiBpbi B0aGUgbWFy a2V0Ljxicj 41LiBFbXBo YXNpcyBvbi BDb3Jwb3Jh dGUgU29jaW FsIFJlc3Bv bnNpYmlsaX R5OiBFbGJp dCBTeXN0ZW 1zIGhhcyBh IGNvbW1pdG 1lbnQgdG8g Y29ycG9yYX RlIHNvY2lh bCByZXNwb2 5zaWJpbGl0 eSBhbmQgaX MgaW52b2x2 ZWQgaW4gdm FyaW91cyBp bml0aWF0aX ZlcyBhbmQg YWN0aXZpdG llcyBhaW1l ZCBhdCBwcm 9tb3Rpbmcg c3VzdGFpbm FiaWxpdHks IGNvbW11bm l0eSBkZXZl bG9wbWVudC wgYW5kIGRp dmVyc2l0eS BhbmQgaW5j bHVzaXZpdH kuPGJyPjYu IENvbGxhYm 9yYXRpdmUg UGFydG5lcn NoaXBzOiBU aGUgY29tcG FueSBoYXMg YSBoaXN0b3 J5IG9mIHN1 Y2Nlc3NmdW wgY29sbGFi b3JhdGlvbn MgYW5kIHBh cnRuZXJzaG lwcyB3aXRo IG90aGVyIG RlZmVuc2Ug YW5kIHRlY2 hub2xvZ3kg Y29tcGFuaW VzLCBhbGxv d2luZyBpdC B0byBleHBh bmQgaXRzIG NhcGFiaWxp dGllcyBhbm Qgb2ZmZXJp bmdzLg==

RWxiaXQgU3 lzdGVtcyBp cyBhbiBJc3 JhZWxpIGRl ZmVuc2UgdG VjaG5vbG9n eSBjb21wYW 55IHRoYXQg c3BlY2lhbG l6ZXMgaW4g dGhlIGRldm Vsb3BtZW50 LCBtYW51Zm FjdHVyZSwg YW5kIGludG VncmF0aW9u IG9mIGFlcm 9zcGFjZSwg bGFuZCwgYW 5kIG5hdmFs IHN5c3RlbX MgYW5kIHBy b2R1Y3RzLi BUaGUgY29t cGFueeKAmX MgYnVzaW5l c3MgbW9kZW wgY2FuIGJl IGRlc2NyaW JlZCBhcyBm b2xsb3dzOj xicj4xLiBS ZXNlYXJjaC BhbmQgRGV2 ZWxvcG1lbn Q6IEVsYml0 IFN5c3RlbX MgaW52ZXN0 cyBoZWF2aW x5IGluIHJl c2VhcmNoIG FuZCBkZXZl bG9wbWVudC B0byBkZXZl bG9wIGlubm 92YXRpdmUg YW5kIGN1dH RpbmctZWRn ZSB0ZWNobm 9sb2dpZXMg Zm9yIG1pbG l0YXJ5IGFu ZCBjb21tZX JjaWFsIHVz ZS4gVGhlIG NvbXBhbnkg aGFzIHJlc2 VhcmNoIGFu ZCBkZXZlbG 9wbWVudCBj ZW50ZXJzIG luIElzcmFl bCwgdGhlIF UuUy4sIGFu ZCBFdXJvcG UsIHdoaWNo IGZvY3VzIG 9uIGRldmVs b3BpbmcgYW R2YW5jZWQg ZGVmZW5zZS BzeXN0ZW1z IGFuZCBwcm 9kdWN0cy48 YnI+Mi4gRG l2ZXJzaWZp ZWQgUHJvZH VjdCBQb3J0 Zm9saW86IF RoZSBjb21w YW554oCZcy Bwcm9kdWN0 IHBvcnRmb2 xpbyBpbmNs dWRlcyBhIH dpZGUgdmFy aWV0eSBvZi BkZWZlbnNl IHRlY2hub2 xvZ2llcywg aW5jbHVkaW 5nIGFlcm9z cGFjZSBzeX N0ZW1zLCBs YW5kIHN5c3 RlbXMsIGhv bWVsYW5kIH NlY3VyaXR5 IHNvbHV0aW 9ucywgYW5k IGVsZWN0cm 8tb3B0aWMg c3lzdGVtcy 4gVGhpcyBk aXZlcnNpZm ljYXRpb24g ZW5hYmxlcy B0aGUgY29t cGFueSB0by BjYXRlciB0 byB0aGUgbm VlZHMgb2Yg Ym90aCBtaW xpdGFyeSBh bmQgY29tbW VyY2lhbCBj dXN0b21lcn MuPGJyPjMu IExvbmctVG VybSBDb250 cmFjdHMgd2 l0aCBHb3Zl cm5tZW50IE FnZW5jaWVz OiBFbGJpdC BTeXN0ZW1z IGhhcyBsb2 5nLXRlcm0g Y29udHJhY3 RzIHdpdGgg Z292ZXJubW VudCBhZ2Vu Y2llcywgaW 5jbHVkaW5n IHRoZSBJc3 JhZWxpIE1p bmlzdHJ5IG 9mIERlZmVu c2UgYW5kIH ZhcmlvdXMg aW50ZXJuYX Rpb25hbCBk ZWZlbnNlIG 9yZ2FuaXph dGlvbnMuIF RoZXNlIGNv bnRyYWN0cy Bwcm92aWRl IGEgc3RhYm xlIHNvdXJj ZSBvZiByZX ZlbnVlIGZv ciB0aGUgY2 9tcGFueSBh bmQgYWxzby BoZWxwIGJ1 aWxkIGxvbm ctdGVybSBy ZWxhdGlvbn NoaXBzIHdp dGggaXRzIG N1c3RvbWVy cy48YnI+NC 4gSm9pbnQg VmVudHVyZX MgYW5kIFN0 cmF0ZWdpYy BQYXJ0bmVy c2hpcHM6IF RoZSBjb21w YW55IGZvcm 1zIHN0cmF0 ZWdpYyBwYX J0bmVyc2hp cHMgYW5kIG pvaW50IHZl bnR1cmVzIH dpdGggb3Ro ZXIgZGVmZW 5zZSBjb21w YW5pZXMgdG 8gZGV2ZWxv cCBhbmQgbW Fya2V0IGFk dmFuY2VkIG RlZmVuc2Ug c3lzdGVtcy BhbmQgcHJv ZHVjdHMuIF RoaXMgYWxs b3dzIEVsYm l0IFN5c3Rl bXMgdG8gZX hwYW5kIGl0 cyBwcm9kdW N0IG9mZmVy aW5ncyBhbm QgaW5jcmVh c2UgaXRzIG dsb2JhbCBt YXJrZXQgcm VhY2guPGJy PjUuIEludG VybmF0aW9u YWwgRXhwYW 5zaW9uOiBF bGJpdCBTeX N0ZW1zIGhh cyBhIHN0cm 9uZyBwcmVz ZW5jZSBpbi B0aGUgZ2xv YmFsIGRlZm Vuc2UgbWFy a2V0IGFuZC BoYXMgYmVl biBleHBhbm RpbmcgaXRz IG9wZXJhdG lvbnMgdG8g bmV3IG1hcm tldHMgdGhy b3VnaCBhY3 F1aXNpdGlv bnMsIGpvaW 50IHZlbnR1 cmVzLCBhbm QgcGFydG5l cnNoaXBzLi BUaGlzIHN0 cmF0ZWd5IG FsbG93cyB0 aGUgY29tcG FueSB0byB0 YXAgaW50by BuZXcgbWFy a2V0cyBhbm QgZGl2ZXJz aWZ5IGl0cy ByZXZlbnVl IHN0cmVhbX MuPGJyPjYu IEN1c3RvbW VyIEZvY3Vz OiBFbGJpdC BTeXN0ZW1z IHBsYWNlcy BhIHN0cm9u ZyBlbXBoYX NpcyBvbiB1 bmRlcnN0YW 5kaW5nIGFu ZCBtZWV0aW 5nIHRoZSBu ZWVkcyBvZi BpdHMgY3Vz dG9tZXJzLi BUaGUgY29t cGFueSB3b3 JrcyBjbG9z ZWx5IHdpdG ggaXRzIGN1 c3RvbWVycy B0byBkZXZl bG9wIGN1c3 RvbWl6ZWQg c29sdXRpb2 5zIHRoYXQg YWRkcmVzcy B0aGVpciBz cGVjaWZpYy ByZXF1aXJl bWVudHMuPG JyPjcuIENv c3QgRWZmaW NpZW5jeTog VGhlIGNvbX BhbnkgYWlt cyB0byBtYW ludGFpbiBh IGxvdy1jb3 N0IHN0cnVj dHVyZSB0by ByZW1haW4g Y29tcGV0aX RpdmUgaW4g dGhlIGdsb2 JhbCBkZWZl bnNlIG1hcm tldC4gVGhp cyBpcyBhY2 hpZXZlZCBi eSBzdHJlYW 1saW5pbmcg aXRzIHByb2 Nlc3Nlcywg aW1wcm92aW 5nIG9wZXJh dGlvbmFsIG VmZmljaWVu Y3ksIGFuZC B1c2luZyBh ZHZhbmNlZC B0ZWNobm9s b2dpZXMgdG 8gcmVkdWNl IHByb2R1Y3 Rpb24gY29z dHMuPGJyPk luIHN1bW1h cnksIEVsYm l0IFN5c3Rl bXPigJkgYn VzaW5lc3Mg bW9kZWwgaX MgZm9jdXNl ZCBvbiBkZX ZlbG9waW5n IGFuZCBkZW xpdmVyaW5n IGFkdmFuY2 VkIGRlZmVu c2UgdGVjaG 5vbG9naWVz IHRvIGl0cy BjdXN0b21l cnMsIGZvcm 1pbmcgc3Ry YXRlZ2ljIH BhcnRuZXJz aGlwcyB0by BleHBhbmQg aXRzIG1hcm tldCByZWFj aCwgYW5kIG 1haW50YWlu aW5nIGEgbG VhbiBhbmQg ZWZmaWNpZW 50IG9wZXJh dGlvbiB0by ByZW1haW4g Y29tcGV0aX RpdmUgaW4g dGhlIGdsb2 JhbCBkZWZl bnNlIG1hcm tldC4=

Elbit Systems, like many defense contractors and corporations, can be sensitive to changes in interest rates due to several factors:
1. Borrowing Costs: Increases in interest rates typically lead to higher borrowing costs for companies. If Elbit Systems relies on debt for financing operations, acquisitions, or research and development, higher rates can reduce cash flow available for investments and increase the cost of servicing existing debt.
2. Valuation Impact: Valuation models, particularly discounted cash flow (DCF) analyses, are sensitive to changes in interest rates. A higher discount rate resulting from increased interest rates can reduce the present value of future cash flows. This can lead to a decrease in the overall valuation of Elbit Systems.
3. Contracting Environment: Defense industries often have long-term contracts that may have fixed pricing. If interest rates rise significantly, the cost of capital for undertaking new projects could increase, affecting future contract profitability and cash flows.
4. Pension Obligations: If Elbit Systems has pension obligations, changes in interest rates can affect the discount rate used to calculate the present value of these liabilities. Lower interest rates can increase the present value of pension liabilities, impacting overall financial health.
5. Economic Growth: Changes in interest rates can influence overall economic growth. Higher rates could slow down economic activity, impacting government budgets for defense spending, potentially leading to reduced orders and contract sizes for Elbit Systems.
6. Currency Fluctuations: If interest rate changes affect currency values, this can impact Elbit Systems’ international sales and operations. Fluctuations in currency can directly affect revenues, expenses, and profitability when transactions are translated back into the home currency.
Overall, while Elbit Systems may not be as directly impacted by interest rate increases as companies in sectors like real estate or consumer finance, the effects on cost of capital, valuation, and defense spending dynamics can still have meaningful implications for its earnings, cash flow, and market valuation.

CiAgICAgIC AgICAgIDxk aXYgc3R5bG U9J3dpZHRo OiAxMDAlOy BkaXNwbGF5 OiBmbGV4Oy BqdXN0aWZ5 LWNvbnRlbn Q6IGNlbnRl cjsnPgogIC AgICAgICAg ICAgICAgPG RpdiBzdHls ZT0nCiAgIC AgICAgICAg ICAgICAgIC AgZGlzcGxh eTogZmxleD sKICAgICAg ICAgICAgIC AgICAgICBh bGlnbi1pdG VtczogY2Vu dGVyOwogIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICNm MGY0Zjg7Ci AgICAgICAg ICAgICAgIC AgICAgYm9y ZGVyOiAxcH ggc29saWQg I2QxZTNmMD sKICAgICAg ICAgICAgIC AgICAgICBi b3JkZXItcm FkaXVzOiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH g7CiAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luOi AyMHB4IDA7 CiAgICAgIC AgICAgICAg ICAgICAgZm 9udC1mYW1p bHk6ICJTZW dvZSBVSSIs IFJvYm90by wgc2Fucy1z ZXJpZjsKIC AgICAgICAg ICAgICAgIC AgICBib3gt c2hhZG93Oi AwIDJweCA2 cHggcmdiYS gwLCAwLCAw LCAwLjA1KT sKICAgICAg ICAgICAgIC AgICAgICBt YXgtd2lkdG g6IDkwMHB4 OwogICAgIC AgICAgICAg ICAgICAgIH dpZHRoOiAx MDAlOyc+Cg ogICAgICAg ICAgICAgIC AgICAgIDxp bWcgc3JjPS Jhc3NldHMv bG9nb3MvMV U3ck1XWFhw NDdXYWpFTV JBNmgud2Vi cCIgYWx0PS JFbGJpdCBT eXN0ZW1zIi B0aXRsZT0i RWxiaXQgU3 lzdGVtcyIg IGNsYXNzPS JpbWctZmx1 aWQiIGhlaW dodD05MCB3 aWR0aD05MC Bsb2FkaW5n PSdsYXp5Jy BzdHlsZT0n Ym9yZGVyLX JhZGl1czog NnB4Oyc+Cg ogICAgICAg ICAgICAgIC AgICAgIDxk aXYgc3R5bG U9J2ZsZXg6 IDE7IHRleH QtYWxpZ246 IGNlbnRlcj sgbWFyZ2lu LWxlZnQ6ID VweDsnPgog ICAgICAgIC AgICAgICAg ICAgICAgIC A8cCBzdHls ZT0nZm9udC 1zaXplOiAy NnB4OyBjb2 xvcjogIzMz MzsgbWFyZ2 luLWJvdHRv bTogMTVweD snPgogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Ag8J+TiCBX YW50IHRvIH JlYWQgbW9y ZSBhYm91dC BFbGJpdCBT eXN0ZW1zPw ogICAgICAg ICAgICAgIC AgICAgICAg ICA8L3A+Cg ogICAgICAg ICAgICAgIC AgICAgICAg ICA8YSBocm VmPSdpbmRl eC5waHA/cG FnZT1zaWdu dXAnIHN0eW xlPScKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICMw MDdCRkY7Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBjb2 xvcjogI2Zm ZjsKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IHBhZGRpbm c6IDEwcHgg MjBweDsKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGJvcm Rlci1yYWRp dXM6IDVweD sKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIH RleHQtZGVj b3JhdGlvbj ogbm9uZTsK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIGZv bnQtd2VpZ2 h0OiBib2xk OwogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luLX JpZ2h0OiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgdHJhbn NpdGlvbjog YmFja2dyb3 VuZC1jb2xv ciAwLjNzIG Vhc2U7Jwog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgb25t b3VzZW92ZX I9J3RoaXMu c3R5bGUuYm Fja2dyb3Vu ZENvbG9yPS IjMDA1NmIz IicKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IG9ubW91c2 VvdXQ9J3Ro aXMuc3R5bG UuYmFja2dy b3VuZENvbG 9yPSIjMDA3 QkZGIic+Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBTaW duIHVwIGZv ciBmcmVlCi AgICAgICAg ICAgICAgIC AgICAgICAg IDwvYT4KCi AgICAgICAg ICAgICAgIC AgICAgICAg IDxzcGFuIH N0eWxlPSdt YXJnaW46ID AgOHB4OyBj b2xvcjogIz U1NTsnPm9y PC9zcGFuPg oKICAgICAg ICAgICAgIC AgICAgICAg ICAgPGEgaH JlZj0naW5k ZXgucGhwP3 BhZ2U9bG9n aW4nIHN0eW xlPScKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIGNvbG9y OiAjMDA3Qk ZGOwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgdGV4dC1k ZWNvcmF0aW 9uOiB1bmRl cmxpbmU7Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBmb2 50LXdlaWdo dDogNTAwOy c+CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Bsb2cgaW4K ICAgICAgIC AgICAgICAg ICAgICAgIC AgPC9hPgoK CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDxwIHN0 eWxlPSdtYX JnaW4tdG9w OiAxNXB4Oy Bmb250LXNp emU6IDEzcH g7IGZvbnQt d2VpZ2h0Oi Bib2xkOyBj b2xvcjogI2 QzMmYyZjsn PgogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg 8J+ZjCBKb2 luIG5vdyB0 byBnZXQgPG k+IlRoZSBD aGVja2xpc3 QgVmFsdWUg SW52ZXN0b3 Ig4oCUIEEg U21hcnRlci BXYXkgdG8g UGljayBTdG 9ja3MiPC9p PiBhdCBuby Bjb3N0CiAg ICAgICAgIC AgICAgICAg ICAgICAgID wvcD4KCiAg ICAgICAgIC AgICAgICAg ICAgICAgID whLS0KICAg ICAgICAgIC AgICAgICAg ICAgICAgPG RpdiBzdHls ZT0nbWFyZ2 luLXRvcDog MTJweDsgZm 9udC1zaXpl OiAxM3B4Oy Bjb2xvcjog IzQ0NDsnPg ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgU2 lnbiB1cCBu b3cgYW5kIG dldCBvdXIg ZnJlZSBlQm 9vayAKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIDxiPlRo ZSBDaGVja2 xpc3QgVmFs dWUgSW52ZX N0b3Ig4oCU IEEgU21hcn RlciBXYXkg dG8gUGljay BTdG9ja3M8 L2I+CiAgIC AgICAgICAg ICAgICAgIC AgICAgIDwv ZGl2PgogIC AgICAgICAg ICAgICAgIC AgICAgICAt LT4KICAgIC AgICAgICAg ICAgICAgIC AgICAgPCEt LQogICAgIC AgICAgICAg ICAgICAgIC AgICA8ZGl2 IHN0eWxlPS dtYXJnaW4t dG9wOiAxNn B4OyBmb250 LXNpemU6ID E0cHg7IGNv bG9yOiAjND Q0OyBmb250 LWZhbWlseT ogLWFwcGxl LXN5c3RlbS wgQmxpbmtN YWNTeXN0ZW 1Gb250LCBT ZWdvZSBVSS wgUm9ib3Rv LCBIZWx2ZX RpY2EgTmV1 ZSwgc2Fucy 1zZXJpZjsg bGluZS1oZW lnaHQ6IDEu NjsnPgogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgSGF2ZS B5b3UgaGVh cmQgYWJvdX Qgb3VyIHNo b3J0IDxzdH Jvbmcgc3R5 bGU9J2Zvbn Qtd2VpZ2h0 OiA2MDA7Jz 5EYWlseSBW aWRlbyBOZX dzbGV0dGVy PC9zdHJvbm c+PwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgPGEgaHJl Zj0naHR0cH M6Ly93d3cu aW5zaWdodG Z1bHZhbHVl LmNvbS9uZX dzbGV0dGVy LnBocCcgdG FyZ2V0PSdf YmxhbmsnIH N0eWxlPSdj b2xvcjogIz AwN0JGRjsg dGV4dC1kZW NvcmF0aW9u OiBub25lOy Bmb250LXdl aWdodDogNT AwOyBtYXJn aW4tbGVmdD ogNnB4Oyc+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgRmluZC BvdXQgbW9y ZQogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg PC9hPgogIC AgICAgICAg ICAgICAgIC AgICAgICA8 L2Rpdj4KIC AgICAgICAg ICAgICAgIC AgICAgICAg LS0+CiAgIC AgICAgICAg ICAgICAgIC AgPC9kaXY+ CiAgICAgIC AgICAgICAg ICA8L2Rpdj 4KICAgICAg ICAgICAgPC 9kaXY+CiAg ICAgICAgIC AgIAogICAg ICAgIAogIC AgICAgIDxz cGFuIGNsYX NzPSdibHVy cmVkLXRleH QnPgogICAg ICAgICAgIC BNU2tnUld4 aWFYIFFnVT NsemRHVnQg Y3lCcGN5Qm hiaSBCSmMz SmhaV3hwIE lHUmxabVZ1 YzIgVWdaV3 hsWTNSeSBi MjVwWTNNZ1 kyIDl0Y0dG dWVTNGcgU1 hRZ2QyRnpJ RyBadmRXNW taV1FnIGFX NGdNVGsyTm kgQmhibVFn YVhNZyBhR1 ZoWkhGMVlY IEowWlhKbF pDQnAgYmlC SVlXbG1ZUy B3Z1NYTnlZ V1ZzIExqeG ljajR5S1Mg QlVhR1VnWT I5dCBjR0Z1 ZVNCemNHIF ZqYVdGc2FY cGwgY3lCcG JpQmtaWCBa bGJHOXdhVz VuIElHRnVa Q0J0WVcgNT FabUZqZEhW eSBhVzVuSU dGa2RtIEZ1 WTJWa0lIUm wgWTJodWIy eHZaMyBrZ2 MzbHpkR1Z0 IGN5Qm1iM0 lnYlcgbHNh WFJoY25rcy BJR2h2YldW c1lXIDVrSU hObFkzVnkg YVhSNUxDQm hibSBRZ1ky OXRiV1Z5IF kybGhiQ0Jo ZG0gbGhkR2 x2YmlCdCBZ WEpyWlhSek xqIHhpY2o0 ektTQkYgYk dKcGRDQlRl WCBOMFpXMX pJR2hoIGN5 QmhJR2RzYj IgSmhiQ0J3 Y21WeiBaVz VqWlN3Z2Qy IGwwYUNCem RXSnogYVdS cFlYSnBaWC BNZ1lXNWtJ R3B2IGFXNT BJSFpsYm4g UjFjbVZ6SU dsdSBJRzky WlhJZ01qIF VnWTI5MWJu UnkgYVdWek xqeGljaiA0 MEtTQlVhR1 VnIFkyOXRj R0Z1ZVMgQm xiWEJzYjNs eiBJRzkyWl hJZ01UIE1z TURBd0lIQm wgYjNCc1pT QjNiMyBKc1 pIZHBaR1V1 IFBHSnlQal VwSUUgVnNZ bWwwSUZONS BjM1JsYlhN Z2FYIE1nWV NCdFlXcHYg Y2lCemRYQn diRyBsbGNp QnZaaUJrIF pXWmxibk5s SUcgVnhkV2 x3YldWdSBk Q0IwYnlCMG FHIFVnU1hO eVlXVnMgSU VSbFptVnVj MiBVZ1JtOX lZMlZ6IElD aEpSRVlwTE MgQnBibU5z ZFdScCBibW NnYzNsemRH IFZ0Y3lCbW IzSWcgWjNK dmRXNWtMQy BCaGFYSXNJ R0Z1IFpDQn VZWFpoYkMg Qm1iM0pqWl hNdSBQR0p5 UGpZcElGIF JvWlNCamIy MXcgWVc1NT RvQ1pjeSBC d2NtOWtkV0 4wIGN5Qmhi bVFnYzIgOX NkWFJwYjI1 eiBJR2hoZG 1VZ1ltIFZs YmlCMWMyVm sgSUdsdUlH MWhhbSA5eU lHMXBiR2ww IFlYSjVJRz l3WlggSmhk R2x2Ym5Ncy BJSE4xWTJn Z1lYIE1nZE dobElFZDEg YkdZZ1YyRn lMQyBCMGFH VWdTMjl6IG IzWnZJRmRo Y2kgd2dZVz VrSUhSbyBa U0JYWVhJZ2 FXIDRnUVda bmFHRnUgYV hOMFlXNHVQ RyBKeVBqY3 BJRWx1IElH RmtaR2wwYV cgOXVJSFJ2 SUdSbCBabV Z1YzJVZ2RH IFZqYUc1dm JHOW4gZVN3 Z1JXeGlhWC BRZ1UzbHpk R1Z0IGN5Qm hiSE52SUgg QnliM1pwWk dWeiBJSE52 YkhWMGFXID l1Y3lCbWIz SWcgWTNsaV pYSWdjMiBW amRYSnBkSG tzIElHMWxa R2xqWVcgd2 djM2x6ZEdW dCBjeXdnWV c1a0lHIE52 YlcxbGNtTn AgWVd3Z1lY WnBZWCBScG IyNGdjM2x6 IGRHVnRjeT Q4WW4gSStP Q2tnVkdobC BJR052YlhC aGJuIGtnYU dGeklHSmwg Wlc0Z2FXNT JiMiB4MlpX UWdhVzRnIG JuVnRaWEp2 ZFggTWdZMj lzYkdGaSBi M0poZEdsdm JuIE1nWVc1 a0lIQmggY2 5SdVpYSnph RyBsd2N5Qj NhWFJvIElH OTBhR1Z5SU cgUmxabVZ1 YzJVZyBZMj l0Y0dGdWFX IFZ6SUdGdV pDQnYgY21k aGJtbDZZWC BScGIyNXpJ SGR2IGNteG tkMmxrWlMg NDhZbkkrT1 NrZyBSV3hp YVhRZ1UzIG x6ZEdWdGN5 Qm8gWVhNZ1 ltVmxiaSBC c2FYTjBaV1 FnIGIyNGdk R2hsSUUgNU JVMFJCVVNC eiBkRzlqYX lCbGVHIE5v WVc1blpTQn ogYVc1alpT QXhPVCBrMk lHRnVaQ0Jw IGN5QmhiSE 52SUcgRWdZ Mjl0Y0c5dS BaVzUwSUc5 bUlIIFJvWl NCVVpXd2cg UVhacGRpQX pOUyBCSmJt UmxlQ0JwIG JpQjBhR1Vn VkcgVnNJRU YyYVhZZyBV M1J2WTJzZ1 JYIGhqYUdG dVoyVXUgUE dKeVBqRXdL UyBCSmJpQX lNREU0IExD QkZiR0pwZE MgQlRlWE4w WlcxeiBJSG RoY3lCeVlX IDVyWldRZ1 lYTWcgYjI1 bElHOW1JSC BSb1pTQjBi M0FnIE1qVW daR1ZtWlcg NXpaU0JqYj IxdyBZVzVw WlhNZ2FXID RnZEdobElI ZHYgY214a0 lHSjVJRSBS bFptVnVjMl VnIFRtVjNj eTQ9CiAgIC AgICAgPC9z cGFuPgogIC AgICAgIAog ICAgICAgIA ==
See Company Q&A