Kollsman, an Elbit Systems of America Company, Awarded ID/IQ Contract Worth up to $97 Million from U.S. Navy
June 27 2007 - 7:15AM
PR Newswire (US)
Received Initial Delivery Orders Valued at $14 Million MERRIMACK,
New Hampshire, June 27 /PRNewswire-FirstCall/ -- Kollsman, Inc., an
Elbit Systems of America company, announced receipt of an
Indefinite Delivery/Indefinite Quantity (ID/IQ) contract from the
Naval Inventory Control Point-Philadelphia (NAVICP)/Naval Supply
Systems Command (NAVSUP) for test, teardown, analysis and
repair/modification of various Night Targeting System (NTS) Weapon
Repairable Assemblies (WRAs) and System Repairable Assemblies
(SRAs) in support of the AH-1W Marine Corps Helicopter. The total
ID/IQ contract value may run as high as $97 million over a
five-year period. As part of this award Kollsman has received
initial delivery orders valued at $14 million. Work will be mainly
performed in Merrimack, New Hampshire and is expected to be
completed in 2012. "We are very pleased to be selected by the
NAVICP/NAVSUP. This contract continues Kollsman's important work
supporting the Marine Corps helicopter mission readiness and
demonstrates excellent relations with this depot legacy program,"
stated Randy Moore, Kollsman's Executive Vice President and General
Manager. About Kollsman, Inc. Kollsman, Inc. is a global
development, manufacturing and support organization providing
advanced electro-optical and avionics systems to the commercial
aerospace, defense and homeland security markets. The company's
expertise includes enhanced vision systems, flight displays,
head-up displays, thermal imaging systems, fire control systems and
advanced security and surveillance solutions. About Elbit Systems
of America, LLC Elbit Systems of America, LLC ("ESA") is a leading
provider of high performance products and sub-system solutions
focusing on the defense, homeland security and commercial aviation
markets. With facilities in Texas, New Hampshire, Kansas, Alabama,
Georgia, Virginia and California, ESA is dedicated to supporting
those who contribute daily to the defense and safety of the United
States. The Elbit Systems of America, LLC group is wholly owned by
Elbit Systems Ltd. (NASDAQ:ESLT), a global electronics company
engaged in a wide range of programs for innovative defense and
homeland security applications. Additional news and information is
available at http://www.kollsman.com/ and
http://www.elbitsystemsofamerica.com/. Trademarks Elbit Systems of
America and other trademarks, service marks and logos are
registered or unregistered marks of Elbit Systems of America, LLC
companies in the United States and in foreign countries. Copyright
(c) 2007 Elbit Systems of America, LLC. All rights reserved.
Forward-Looking Statements Statements in the press release
regarding Elbit Systems Ltd. and its subsidiaries including Elbit
Systems of America, LLC and its subsidiaries (collectively
"Elbit"), that are not statements of historical fact may include
forward-looking statements, and statements regarding Elbit's
beliefs, plans, expectations or intentions regarding the future are
forward-looking statements, within the meaning of Section 27A of
the Securities Act of 1933, as amended and Section 21E of the
Securities Exchange Act of 1934, as amended. All such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Elbit's actual results could differ materially from these
statements. Contact: Kim Cushman +1-603-886-2273 DATASOURCE: Elbit
Systems of America CONTACT: Contact: Kim Cushman, +1-603-886-2273,
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