HAIFA, Israel, February 16, 2017 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit
Systems") announced today that its subsidiary, Elbit Systems of
America LLC., ("Elbit Systems of America") was awarded an
Indefinite Delivery/Indefinite Quantity (ID/IQ) contract to provide
and field mortar fire control systems for the U.S. Army. The
contract was awarded by the U.S. Army Contracting Command,
Picatinny Arsenal, New Jersey. If
fully ordered, the maximum value of the contract is $102 million to be performed over a five-year
period.
"Elbit Systems of America provides soldiers enhanced
capabilities and fire power to perform combat missions," said
Raanan Horowitz, president and chief
executive officer of Elbit Systems of America. "Our company is
focused on providing advanced and proven capabilities that our
nation's warfighters can trust to accomplish their mission and
return home."
Elbit Systems of America's mortar fire control systems for the
U.S. Army consist of Mortar Fire Control Systems Mounted (MFCS-M),
Mortar Fire Control Systems Dismounted (MFCS-D) and a lightweight
handheld mortar ballistic computer. This improves mission success
with greater accuracy while reducing potential exposure to the
enemy.
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 ,
follow us on Twitter or visit our official Youtube Channel
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
Gavriel Frohwein
GK Investor Relations
Tel: 1-646-201-9246
elbitsystems@gkir.com
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.
SOURCE Elbit Systems Ltd