FORT WORTH, Texas, November 23, 2016 /PRNewswire/ --
Elbit Systems of America announced
today that it was awarded an Indefinite Delivery/Indefinite
Quantity ("ID/IQ") contract for the production of 60mm, 81mm, and
120mm Mortar Weapon Systems, which include the following items:
M224 60mm Legacy Mortar Weapon System; M252 81mm Legacy Mortar
Weapon System; M224A1 60mm Lightweight (LW) Mortar Weapon System;
the M252A1 81mm LW Mortar Weapon System (to include the M253A1 81mm
LW Inconel cannon); the M121 120mm Carrier Mounted Mortar Weapon
System, and the M120A1 120mm Towed Mortar Weapon System which
includes the M326 120mm Mortar Stowage Kit. The ID/IQ contract will
support the Army's Product Manager for Guided Precision Munitions
and Mortar Systems for US and foreign allied delivery requirements,
with a maximum value of approximately $103
million, will be completed in five years.
"We are extremely pleased to continue our partnership with the
United States Army by supplying our warfighters with the mortar
weapon systems that enhance their mission effectiveness and provide
the necessary lethality and flexibility to address current and
future threats," commented Raanan
Horowitz, president and chief executive officer of Elbit
Systems of America.
Elbit Systems of America established a Memorandum of
Understanding (MOU) with the United States Army's Watervliet
Arsenal (WVA), New York that will
effectively employ WVA as a subcontractor to Elbit Systems of
America on many mortar components.
"Working closely with Watervliet Arsenal, we established a
unique partnership that capitalizes on the strengths of the U.S.
Army and combines those strengths with our industry expertise to
create an opportunity for organic manufacturing capabilities,"
commented Dr. Amela Wilson, Elbit
Systems of America's vice president of Sensors and Fire Control
Solutions.
Elbit Systems of America will turn the MOU into a public-private
partnership in order to combine the best practices of industry with
proven Army manufacturing expertise and to support the Program
Executive Office Ammunition mission to strengthen the Army's
organic manufacturing capabilities. This public-private partnership
will enable the U.S. Government to retain an industrial
manufacturing base vital for strategic responses, while employing
the best practices of the civilian industry to organize supply
chain activities, conduct vendor management, and risk management.
The award of the Mortar Weapon Systems, solidifies Elbit Systems
of America's position as a leading provider of mortar systems for
the U.S. Army.
To learn more about FIRECON, visit
http://www.elbitsystems-us.com.
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 defense, homeland security, commercial aviation 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, 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
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 © 2016
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