HAIFA, Israel, July 2, 2015 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ and TASE: ESLT)
("Elbit Systems"),
announced today that its subsidiary, Elbit Systems Land and C4I
Ltd., was awarded a contract from the Dutch Ministry of Defense, to
supply advanced systems for the infantry soldiers in the Benelux
countries - Netherlands,
Belgium and Luxemburg. The contract, valued at
approximately US$150 million, will be
performed over a five-year period. Elbit Systems will serve as the
program prime contractor and Thales Netherlands B.V ("Thales") will
be its main sub-contractor. Other local companies will take part in
the project, providing support and immediate response to the
customer's needs.
The Smart Vest, a cutting-edge technological program, is a
co-operation between the soldier modernization programs of the
Benelux countries: Netherlands'
VOSS, Belgium's BEST and
Luxemburg's COMPASS. It is the
first strategic joint program of the Benelux countries, and will
provide the ground soldiers with a cutting-edge system that will
provide enhance survivability and safety while increasing their
capabilities and effectiveness in the digital battlefield. The
systems will be light-weight, modular and scalable and will
interface with existing systems.
The Smart Vest program will include wearable and protective
systems for the soldier, command and control systems, including
advanced audio and data radio systems, specialized displays and C4I
capabilities as well as vehicle systems.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems
said: "We are very proud of the Benelux countries decision to
choose Elbit Systems as the main supplier of soldier systems. The
fact that such advanced armies have selected our solutions attests
to our technological leadership and to the maturity of our
solutions. We will welcome domestic Benelux companies to join us in
the project in order to strengthen the support for the local
customers."
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, radios
and cyber-based systems. The Company also focuses on the
upgrading of existing platforms, developing new technologies for
defense, homeland security and commercial applications and
providing a range of support services, including training and
simulation systems.
For additional information, visit: http://www.elbitsystems.com,
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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.
Elbit Systems Ltd., its logo, brand, product, service and
process names appearing in this Press Release are the trademarks or
service marks of Elbit Systems Ltd. or its affiliated companies.
All other brand, product, service and process names appearing
are the trademarks of their respective holders. Reference to
or use of a product, service or process other than those of Elbit
Systems Ltd. does not imply recommendation, approval, affiliation
or sponsorship of that product, service or process by Elbit Systems
Ltd. Nothing contained herein shall be construed as conferring by
implication, estoppel or otherwise any license or right under any
patent, copyright, trademark or other intellectual property right
of Elbit Systems Ltd. or any third party, except as expressly
granted herein.
Contacts:
Company Contact:
Joseph Gaspar,
Executive VP & CFO
Tel: +972-4-8316663
j.gaspar@elbitsystems.com
Dalia Rosen, VP, Head
of Corporate Communications
Tel: +972-4-8316784
dalia.rosen@elbitsystems.com
Elbit Systems Ltd.
IR Contact:
Ehud Helft
Kenny Green
GK Investor Relations
Tel: +1-646-201-9246
elbitsystems@gkir.com
SOURCE Elbit Systems Ltd