Elbit Systems' US Subsidiary EFW, Awarded Follow-on US Marine Corps Contract Valued at $50 Million
June 28 2006 - 5:08AM
PR Newswire (US)
HAIFA, Israel, June 28 /PRNewswire-FirstCall/ -- Elbit Systems Ltd.
(NASDAQ:ESLT) reported today that EFW Inc., an Elbit Systems of
America company, received an contract valued at approximately $50
million from the US Marine Corps Systems Command for the supply of
military systems. This contract follows an initial order for
similar systems, reported by the company on November 6, 2005 that
was valued at approximately $70 million Under the new contract, EFW
will produce, integrate, install and provide logistics support for
the systems on Marine Corps vehicles. The systems are designed to
answer an immediate operational need and are scheduled for
installation during 2006 About EFW EFW Inc., of Fort Worth, TX,
specializes in the design, development, production and life-cycle
support of complex military hardware and software solutions for
upgrade and integration projects. As a fully accredited US
Department of Defense supplier, the company also provides systems
support for fixed and rotary wing aircraft, ground vehicles, naval
vessels, trainers, simulators, and weapons sensors for military
services and leading defense contractors About Elbit Systems Elbit
Systems Ltd. is an international defense electronics company
engaged in a wide range of defense-related programs throughout the
world. The Elbit Systems Group, which includes the company and its
subsidiaries, operates in the areas of aerospace, land and naval
systems, command, control, communications, computers, intelligence,
surveillance and reconnaissance ("C4ISR"), advanced electro-optic
and space technologies, EW suites, airborne warning systems, ELINT
systems, data links and military communications systems and
equipment. The Group also focuses on the upgrading of existing
military platforms and developing new technologies for defense and
homeland security applications. Contacts Company contact IR
Contacts Ilan Pacholder, Corporate Secretary Ehud Helft/Kenny Green
and VP Finance & Capital Markets Elbit Systems Ltd. GK
International Tel: +972-4-831-6632 Tel: +1-866-704-6710 Fax:
+972-4-831-6659 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: 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, ,
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