Elbit Systems' Subsidiary, the Elisra Group, Awarded a Contract Valued at Approximately $65 Million to Supply Electronic Warfare
September 17 2006 - 6:58AM
PR Newswire (US)
HAIFA, Israel, Sept. 17 /PRNewswire-FirstCall/ -- Elbit Systems
Ltd. (NASDAQ:ESLT)(TASE:ESLT) announced that Tadiran Electronic
Systems, a member of the Elisra Group, won a contract valued at
approximately $65 million for the supply of electronic warfare
systems to a European country. The systems will be supplied over
the next two years to the tactical and strategic echelons of the
country's armed forces. Mr. Itzhak Beni, President and CEO of
Tadiran Electronic Systems said:" The customer chose Tadiran
Electronic Systems after extensive tests and out of numerous
systems evaluated. The choice of Tadiran Electronic Systems is
another testament to the company's technological leadership in this
field." Mr. Beni added that he views this current win as a
springboard to future business and the expansion of the company's
activities in Europe to additional fields. About the Elisra Group
The Elisra Group comprises Elisra Electronic Systems Ltd., Tadiran
Electronic Systems Ltd. and Tadiran Spectralink Ltd. The Group
designs, develops, manufactures, integrates and supports advanced
system solutions for air, sea and land, deployed in numerous
countries worldwide. The Elisra Group's major products include: New
Generation, Integrated Self-Protection Suites including Multi
Spectral EW Payloads with Radar Warning Receivers, Laser Warning
System, Passive IR Missile Warning System and Chaff and Flare
Dispensing System for Fighters, Helicopters, Transport Aircraft and
MPA; SIGINT Systems with C4ISTAR, COMINT DF/ ELINT/ECM; Full C4I
Solutions - for all Battlefield Command Chains such as Battlefield
Management and Control including Artillery C4I Systems; Theater
Missile Defense including Test Bed; Advanced Search and Rescue
Systems; and Data Links for UAVs & Guided Munitions. The Elisra
Group is a 70% subsidiary of Elbit Systems. 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 and Ehud Helft/Kenny
Green VP Finance & Capital Markets GK International Elbit
Systems Ltd. Tel: 1-866-704-6710 Tel: 972-4 831-6632 Fax:
972-3-607-4711 Fax: 972-4 831- 6659 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,
Corporate Secretary and VP Finance & Capital Markets of Elbit
Systems Ltd., +972-4-831-6632, Fax: +972-4-831-6659, ; or Ehud
Helft, , or Kenny Green, , both of GK International,
+1-866-704-6710, or Fax: +972-3-607-4711
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