Elbit Systems' US Subsidiary EFW, Awarded Marine Corps Contract Valued at $70 Million
November 06 2005 - 3:56AM
PR Newswire (US)
HAIFA, Israel, Nov. 6 /PRNewswire-FirstCall/ -- Elbit Systems Ltd.
(NASDAQ:ESLT) reported today that EFW Inc, an Elbit Systems of
America company, was awarded a contract from the US Marine Corps
Systems Command in response to a compelling and urgent need for an
operational capability. The program requires EFW's team to develop,
design, integrate, test, produce and install equipment into a
variety of USMC vehicles. The value of this order is approximately
$70M and will be completed in FY06. Tim Taylor, President & CEO
of Elbit Systems of America stated that, "We are honored and
pleased to be able to assist in any way possible in order to
protect our troops as they continue to prosecute the war on
terrorism." About EFW: Based in Fort Worth, Texas, EFW Inc., an
Elbit Systems of America company, is an established defense
electronics supplier specializing in sophisticated hardware and
software solutions for upgrade, integration and sustainment
programs. EFW provides superior operational solutions for various
land and airborne weapon platforms used by the US and allied
military forces. About Elbit Systems Elbit Systems Ltd. is an
international defense electronics company engaged in a wide range
of defense-related programs throughout the world, in the areas of
aerospace, land and naval systems, command, control,
communications, computers, intelligence, surveillance and
reconnaissance ("C4ISR"), advanced electro-optic and space
technologies. The company focuses on the upgrading of existing
military platforms and developing new technologies for defense and
homeland security applications. Contacts Company contact Ilan
Pacholder, Corporate Secretary and VP Finance & Capital Markets
Elbit Systems Ltd. Tel: 972-4 831-6632 Fax: 972-4 831-6659 IR
Contacts Ehud Helft/Kenny Green GK International Tel:
1-866-704-6710 Fax: 972-3-607-4711 STATEMENTS IN THIS PRESS RELEASE
WHICH ARE NOT HISTORICAL DATA ARE FORWARD-LOOKING STATEMENTS WHICH
INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES OR OTHER FACTORS NOT
UNDER THE COMPANY'S CONTROL, WHICH MAY CAUSE ACTUAL RESULTS,
PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY
DIFFERENT FROM THE RESULTS, PERFORMANCE OR OTHER EXPECTATIONS
IMPLIED BY THESE FORWARD-LOOKING STATEMENTS. THESE FACTORS INCLUDE,
BUT ARE NOT LIMITED TO, THOSE DETAILED IN THE COMPANY'S PERIODIC
FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION. DATASOURCE:
Elbit Systems Ltd. CONTACT: Ilan Pacholder of Elbit Systems Ltd.,
Corporate Secretary and VP Finance & Capital Markets,
+972-4-831-6632, Fax: +972-4-831-6659, ; Investors: Ehud Helft, or
Kenny Green, , both of GK International for Elbit Systems Ltd,
1-866-704-6710, Fax: +972-3-607-4711
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