FORT WORTH, Texas, March 22, 2015 /PRNewswire/ --
The United States Marine Corps
awarded a subsidiary of Elbit Systems of America, LLC, a
wholly-owned subsidiary of Elbit Systems Ltd., a $73.4 million, Indefinite
Delivery/Indefinite Quantity contract for the Common Laser Range
Finder-Integrated Capability (CLRF-IC). Work will be performed in
Merrimack, New Hampshire. The
period of the IDIQ contract extends through March 2020. To date, Elbit Systems of America has
received an initial order in the amount of $7.5 million under the IDIQ contract.
"We are pleased to provide the USMC with their new rugged
CLRF-IC, a lightweight system that is mission-ready and safer for
the foot-mobile Marine," commented Raanan
Horowitz, President and Chief Executive Officer of Elbit
Systems of America. "Leveraging the innovative capabilities of our
imaging, range finding, and degraded environment navigation
solutions, Marines are now able to acquire targets without breaking
cover from their concealed fighting positions and minimize impact
while on the move."
The CLRF-IC replaces the Marine's currently fielded equipment
with a system that provides 24-hour observation capability;
accurate range to targets; the ability to confirm spot on target
with laser designation systems; and accurate target location in a
variety of conditions, including magnetically disturbed
environments, areas with overhead clutter, and in GPS-denied
situations. The CLRF-IC's highly reliable performance and minimal
life cycle cost give the warfighter a more affordable mission
capability.
About Elbit Systems of America, LLC
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,
cyber 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 or follow us on Twitter.
About Elbit Systems
Elbit Systems Ltd. is an international high technology company
engaged in a wide range of defense, homeland security and
commercial 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, advanced
electro-optics, electro-optic space systems, EW suites, signal
intelligence systems, data links and communications systems and
radios. The Company also focuses on the upgrading of existing
platforms, developing new technologies for defense, homeland
security and commercial aviation applications and providing a range
of support services, including training and simulation systems.
For additional information, visit: http://www.elbitsystems.com
or follow us on Twitter
Trademarks
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 © 2015
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.
Contact: Shari Clarkson | +1-682-286-2363 |
sharon.clarkson@elbitsystems-us.com
SOURCE Elbit Systems of America