FORT WORTH, Texas, Aug. 31, 2020 /PRNewswire/ -- Elbit Systems of
America was awarded an Indefinite Delivery/Indefinite Quantity
("ID/IQ") contract by the Defense Logistics Agency Land based in
Warren, Michigan to supply the
U.S. Army with gunner hand stations, commander hand stations and
circuit cards for the Bradley Infantry Fighting Vehicle ("IFV").
The contract, with a maximum value of up to $79 million, will be performed over a 5-year
period. An initial purchase order of $26 million under the ID/IQ contract, followed by
a second purchase order of $12
million, have been issued to be executed over a three-year
period.
The gunner hand stations allow Soldiers to target and fire
accurately and work in collaboration with the commander hand
stations, which are used to drive the vehicle's turret and initiate
control signals to the turret fire control systems. The circuit
cards provide processing and power supply to the hand station
units, which will replace damaged equipment from active units.
"Our team is proud to offer critical ground vehicle
modernization solutions for the U.S. Army to ensure accuracy and
lethality for Soldiers," said Raanan
Horowitz, President and CEO of Elbit Systems of America.
"Receiving this task order to support the Bradley Infantry Fighting
Vehicle means U.S. ground forces remain equipped at all times with
the very best technology to complete their missions."
"We have a long history of providing systems that meet the
rigorous demands of the U.S. Army," said Ridge Sower, Vice President of Ground Combat and
Precision Targeting at Elbit Systems of America. "These gunner and
commander hand stations and associated spare parts will increase
Soldiers' operational effectiveness, while keeping them safe."
For the U.S. Army's first order under this ID/IQ, Elbit Systems
of America has production of the Bradley components planned through
2024.
For more information visit
http://www.elbitsystems-us.com/land.
About Elbit Systems of America, LLC
Elbit Systems of America, headquartered in Fort Worth, Texas, is a leading provider of
high-performance products, system solutions, and support services
focusing on the defense, homeland security, law enforcement,
commercial aviation, and medical instrumentation markets. With
facilities throughout the U.S., 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: ESLT and TASE:
ESLT), a global high technology company engaged in a wide range of
programs for innovative defense and
commercial applications. For additional information, visit:
www.ElbitAmerica.com or follow us on
Twitter, LinkedIn and Instagram.
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, cyber-based systems and munitions. 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:
https://elbitsystems.com/, follow us on Twitter or visit our
official Facebook, YouTube and LinkedIn Channels.
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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 ©2020 Elbit
Systems of America. All rights reserved.
Forward Looking Statement
This press release may contain forward–looking statements
(within the meaning of Section 27A of the Securities Act of 1933,
as amended, Section 21E of the Securities Exchange Act of 1934, as
amended and the Israeli Securities Law, 1968) regarding Elbit
Systems Ltd. and/or its subsidiaries (collectively the Company), to
the extent such statements do not relate to historical or current
facts. Forward-looking statements are based on management's current
expectations, estimates, projections and assumptions about future
events. 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, uncertainties and
assumptions about the Company, which are difficult to predict,
including projections of the Company's future financial results,
its anticipated growth strategies and anticipated trends in its
business. 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; changes in global health and
macro-economic conditions; differences in anticipated and actual
program performance, including the ability to perform under
long-term fixed-price contracts; changes in the competitive
environment; 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. Although the Company
believes the expectations reflected in
the forward-looking statements contained herein are
reasonable, it cannot guarantee future results, level of activity,
performance or achievements. Moreover, neither the Company nor any
other person assumes responsibility for the accuracy and
completeness of any of these forward-looking statements.
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.
Media Contacts:
Greg Caires | 682-286-2299 |
greg.caires@elbitsystems-us.com
Amy Hartley I 682-286-2411 I
amy.hartley@elbitsystems-us.com
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SOURCE Elbit Systems of America, LLC