Elbit Systems' Subsidiary Elop to Provide Thermal Imaging Sensors for the Korean Tank K1A1
November 29 2006 - 3:40AM
PR Newswire (US)
The Order is Valued at Approximately $19 Million HAIFA, Israel,
November 29 /PRNewswire-FirstCall/ -- Elbit Systems Ltd.
(NASDAQ:ESLT) announced that its subsidiary Elbit Systems
Electro-Optics Elop Ltd. ("Elop") will supply Thermal Imaging kits
for the Gunner Periscope Sights of the Korean Tank K1A1. The
contract is valued at approximately $19 million. Selected as
primary contractor of the project to upgrade Gunner Periscope
Sights for the Korean tank K1A1, the Samsung-Thales Company will
supply, install and test the systems. Sub contractor, Elop will
provide the main components for the thermal sensors - the key
element of the Gunner Periscope Sights that provide the night
capability to the tank. Elbit Systems Electro-Optics Elop General
Manager, Haim Rousso said: "This latest order testifies to our
leading role in the growing market of advanced electro-optical
systems for defense and homeland security applications, as much as
it reflects our vast experience in the development of advanced
solutions for both the Israeli Defense Forces and other customers
worldwide". Elop provides turnkey and tailor-made integrated gunner
and commander sight solutions for virtually every Main Battle Tanks
(MBT) and Armored Fighting Vehicles (AFV) in service today. The
Integrated Sights modular design combines direct view observation,
TV channels, eyesafe laser rangefinders and a wide variety of night
vision technologies with LOS stabilization and hunter-killer
solutions. 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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