HAIFA, Israel, June 21, 2017 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ: ESLT and TASE: ESLT)
('Elbit Systems') announced today that it was awarded more than
$20 million contract by an
African-based customer to equip a VIP Gulfstream G650 aircraft with
J-MUSIC Directed Infrared Countermeasure (DIRCM) systems that
include Elbit Systems' advanced Infrared based Passive Airborne
Warning System (IR PAWS). The contract will be performed over a
one-year period.
Having accumulated more than 30,000 hours of operation, Elbit
Systems' MUSIC™ family of DIRCM systems is in use by many customers
worldwide on a wide range of small, medium and large aircraft
platforms.
"Being selected to install J-MUSIC on a VIP Gulfstream 650
aircraft is another vote of confidence and an indication of the
strong demand for our high quality, high reliability DIRCM
systems," said Elad Aharonson, General Manager of Elbit
Systems ISTAR Division. "We are proud to add Gulfstream to the
growing range of aircraft platforms that are protected against
IR-seeking weapons by our MUSIC systems. Given the constantly
growing MANPADS threat for aviation, we are confident that more
customers will follow in choosing our thoroughly tested and
qualified DIRCM solutions."
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
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
Gavriel Frohwein
GK Investor Relations
Tel: +1-646-688-3559
elbitsystems@gkir.com
SOURCE Elbit Systems