Elbit Systems Awarded Contracts to Supply Elop's Lightweight Thermal Imagers to the Canadian and Israeli Armed Forces as Well as
May 29 2007 - 4:46AM
PR Newswire (US)
HAIFA, Israel, May 29 /PRNewswire-FirstCall/ -- Elbit Systems Ltd.
(NASDAQ:ESLT) announced that its subsidiary Elbit Systems
Electro-Optics Elop Ltd. ("Elop") has been awarded several
contracts valued at a total of approximately $50 million to supply
hand-held Thermal Imaging systems to the Canadian and Israeli armed
forces as well as for additional customers worldwide. "Elop's
advanced hand-held Thermal Imaging systems are part of the CORAL
family of products. They combine advanced capabilities and high
performance with compactness and low energy consumption, providing
a considerable advantage to infantry forces," said Elop's General
Manager, Haim Rousso. "These orders, that follow other recent
contract awards around the globe, further establish our position as
a market leader in advanced Thermal Imaging systems optimized for
the modern battlefield." The hand-held night vision Thermal Imaging
system is lightweight (less than 2.5 kg) and is carried by an
infantry soldier on a neck-strap. The system enables the user to
view targets at night at tactical ranges, from either fixed
positions or while in motion. About Elbit Systems Electro-Optics
Elop Ltd. Elbit Systems Electro-Optics Elop Ltd. (Elop) is a
globally recognized multidisciplinary electro-optics systems house
- incorporating the full range of related technology and facilities
under one roof. Elop entered the field of Thermal Imaging systems
in the 1970s and has produced and supplied thousands of Thermal
Imaging systems to the most demanding military organizations and
defense industries worldwide, employing the latest thermal imaging
technologies for use in almost all known military night vision
applications. About Elbit Systems Ltd. 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. 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. Contacts: Company Contact:
IR Contact: Joseph Gaspar, Corporate VP & CFO Dalia Rosen,
Director of Corporate Communications Elbit Systems Ltd Tel:
+972-4-8316663 Fax: +972-4-8316944 E-mail: Ehud Helft / Kenny Green
G.K. Investor Relations Tel: +1-866-704-6710 Fax: +972-3-607-4711
E-mail: DATASOURCE: Elbit Systems Ltd CONTACT: Contacts: Company
Contact: IR Contact: Joseph Gaspar, Corporate VP & CFO, Dalia
Rosen, Director of Corporate, Communications, Elbit Systems Ltd,
Tel: +972-4-8316663, Fax: +972-4-8316944, E-mail: , ; Ehud Helft /
Kenny Green, G.K. Investor Relations, Tel: +1-866-704-6710, Fax:
+972-3-607-4711, E-mail:
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