HAIFA, Israel, Sept. 11, 2016 /PRNewswire/ -- Elbit
Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems")
announced today that it was awarded a contract valued at over
$90 million from an Asia-Pacific country, for the supply of
SPECTRO™ XR advanced electro-optic systems. The
contract will be performed over a four-year period.
SPECTRO XR is an ultra-long-range, day/night, multi-spectral
electro-optical ISTAR system. At its heart is a large
multi-spectral imaging system combining multiple cameras into one,
allowing SPECTRO XR to significantly improve performance without
increasing size and weight. The implementation of fully digital
sensors and lasers, with a very high level of stabilization,
provides users with high performance in adverse weather
conditions.
The modular design enables users to select the configuration
best suited to their needs, both in terms of performance and cost.
The system can be installed on a variety of platforms including
rotary and fixed-wing airborne platforms, aerostats, naval vessels
and land applications. A wide variety of command and control
interfaces enables simple integration of the SPECTRO XR with
various other systems onboard, such as mission computers, radar,
data-links and helmet-mounted tracking systems.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems,
commented: "We are very pleased with this contract, demonstrating
Elbit Systems' ability to foresee the market's requirements and to
develop the most cutting-edge systems suitable for our customers'
demanding needs. The variety of systems and solutions we have
recently launched, represent a range of different fields of
activities within Elbit Systems for which our customers worldwide
have expressed interest, and we hope other customers will
follow."
SPECTRO XR was designed based on Elbit Systems' 20 year legacy
in developing EO payloads such as the AMPS strategic payload and
the CoMPASS™ family, with more than 1,000 systems in operational
use around the world today.
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: www.elbitsystems.com, follow
us on Twitter or visit our official Youtube Channel
Contacts:
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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.
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IR
Contact:
Ehud
Helft
Kenny
Green
GK Investor
Relations
Tel:
1-646-201-9246
elbitsystems@gkir.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.
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SOURCE Elbit Systems Ltd.