FORT WORTH, TEXAS – JAN. 30, 2024 – The Board of Directors for Elbit Systems of America (Elbit America) has confirmed the appointment of Luke Savoie as the company's new President and Chief Executive Officer (CEO). Savoie took the helm on Jan. 29, 2024, succeeding Raanan Horowitz, who served with distinction in the role for the better part of two decades.

Savoie joined Elbit America in 2023 as President and CEO-Elect where he worked closely with Horowitz to ensure the company’s continued growth and success, while becoming familiar with the company’s team and culture. Savoie has an exceptional track record as a leader and innovator, with extensive experience in the defense and aerospace industry.

"It is an honor to lead Elbit America – a company renowned for its excellence, ethics and innovation," said Savoie. "I’m excited to move into this next phase and help our talented workforce innovate new solutions to meet our customers’ most challenging needs. "

Elbit America’s Board of Directors expresses deep gratitude to Horowitz’s unwavering commitment to and exemplary leadership of the company. Horowitz will continue to support Elbit America as Executive Advisor until his retirement on March 31, 2024.

“We are grateful to Raanan and thankful for the decades of service he devoted to Elbit America – especially the 16 years serving as President and CEO,” said Robert (Bob) Johnson, Chairman of the Board of Directors of Elbit Systems of America. “Under his leadership the company experienced tremendous success and growth - both acquisitively and organically - from about $500 million in revenue when Raanan’s tenure began, to more than $1.4 billion in 2022.”