Elbit Systems Awarded $37 Million Contract to Supply Elop's Electro- Optical Payloads for Attack and Utility Helicopters
July 18 2007 - 3:18AM
PR Newswire (US)
Potential Value of the Project Estimated at More Than $100 Million
HAIFA, Israel, July 18 /PRNewswire-FirstCall/ -- Elbit Systems Ltd.
(NASDAQ:ESLT) announced that its subsidiary Elbit Systems
Electro-Optics Elop Ltd. ("Elop") has been awarded a $37 million
contract by a foreign customer to supply electro- optical (EO)
payloads for attack and utility helicopters. The multi-year project
also includes logistics support; the overall project has future
potential valued estimated at more than $100 million. The system
chosen is the latest generation of Elop's Compact Multi Purpose
Advanced Stabilized System (CoMPASS(TM). The field-proven, serially
manufactured CoMPASS(TM) is a fully digital, advanced targeting and
surveillance payload system. It is equipped with a full suite of
the latest generation of EO sensors, including a diode pumped laser
designator and a long-range zoom FLIR. CoMPASS(TM) is available in
a variety of configurations suitable for the full-range of
airborne, naval and ground platforms and applications. Hundreds of
CoMPASS(TM) systems have been delivered to customers worldwide, who
benefit from the systems' battle-proven performance and
reliability. "Building on existing major efforts in the field of
payloads for UAVs, airborne, naval and ground systems, this order
further strengthens our leading position in the field of
electro-optics systems, in general, and notably in the payload
market," said Haim Rousso, Elbit Systems' Corporate Vice President
and Elop's General Manager. "With our proven ability to provide
sensors and payloads which meet the specific requirements of each
customer, we look forward to further success in this market." About
Elbit Systems Electro-Optics Elop Ltd. Elbit Systems Electro-Optics
Elop Ltd. ("Elop"), a subsidiary of ELBIT Systems, is a globally
recognized multidisciplinary electro-optics systems house -
incorporating the full range of related technology and facilities
under one roof. Elop provides advanced and affordable solutions in
the fields of Observation and Surveillance Payloads, Lasers,
Thermal Imaging, Space and Airborne IMINT, Electro-Optic
Countermeasures, Head-Up Displays, Integrated Sights and Robotic
Systems for Ground Forces and Homeland Defense. Built on 70 years
of experience and a high level of vertical integration, Elop offers
a diverse range of market-leading products and systems for both
commercial and military applications. 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-optics
and space technologies, EW suites, airborne warning systems, ELINT
systems, data links and military communications systems and radios.
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: +1-646-201-9246 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: +1-646-201-9246,
Fax: +972-3-607-4711, E-mail:
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