U-TacS Awarded $110 Million Order by Thales UK to Provide ISTAR Capability for UK Armed Forces
June 07 2007 - 6:09AM
PR Newswire (US)
HAIFA, Israel, June 7 /PRNewswire-FirstCall/ -- Elbit Systems Ltd.
(NASDAQ:ESLT) announced that its UK company with Thales UK - UAV
Tactical Systems Ltd. (U-TacS) has been awarded a contract worth
approximately $110 million by Thales UK to provide an urgent
intelligence, Surveillance, Target Acquisition and reconnaissance
(ISTAR) support capability for the UK Armed Forces. The program,
will commence immediately and will take place over the next few
years. The contract includes the provision of Hermes(R) 450 UAV
systems, as well as training of the UK MoD staff in use and
maintenance of the system, and the provision of contractor logistic
support (CLS) and program management services. This work will be
managed from the U -TacS facility in Leicester, UK, which currently
employs approximately 100 personnel. U -TacS also provides the core
UAV systems for the Thales UK Watchkeeper UAV system. The President
and CEO of Elbit Systems, Joseph Ackerman said: "Once again, we are
proud to be a part of a winning team together with Thales UK in a
project based on the High End tactical Hermes(R) 450 UAV, globally
recognized as a brand name for UAV customers worldwide." U-TacS is
held 51% by Elbit Systems with the balance being owned by Thales
UK. 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. 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:
Joseph Gaspar, Corporate VP & CFO Dalia Rosen, Director of
Corporate Communications Elbit Systems Ltd Tel: +972-4-8316663 Fax:
+972-4-8316944 E-mail: IR Contact: 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:
Joseph Gaspar, Corporate VP & CFO, Dalia Rosen, Director of
Corporate Communications, Elbit Systems Ltd, Tel: +972-4-8316663,
Fax: +972-4-8316944, E-mail: , ; IR Contact: Ehud Helft / Kenny
Green, G.K. Investor Relations, Tel: 1-866-704-6710, Fax:
+972-3-607-4711, E-mail:
Copyright
Elbit Systems (NASDAQ:ESLT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Elbit Systems (NASDAQ:ESLT)
Historical Stock Chart
From Jul 2023 to Jul 2024