Elbit Systems Awarded $55 Million Contracts in Europe
July 25 2007 - 3:58AM
PR Newswire (US)
Signed Contract Valued at $40 Million to Supply Unmanned Turrets,
Weapon Stations and Other Electronic and Electro-Optic Systems for
the Slovenian Armored Vehicle Program HAIFA, Israel, July 25
/PRNewswire-FirstCall/ -- Elbit Systems Ltd. (NASDAQ:ESLT)
announced today that it was awarded $55 million contracts in
Europe. In Slovenia, it signed a contract to supply overhead remote
controlled weapon stations and unmanned turrets as well as other
electronic and electro-optical systems and components for the
Slovenian Armored Vehicle Program. Elbit Systems' portion of the
Program is valued at approximately $40 million, with deliveries
scheduled to take place through 2011. Elbit Systems' selection is
pursuant to cooperation with Patria AMV, owned by the state of
Finland and the European Aeronautic Defense and Space company EADS
N.V. Patria, together with the Slovenian company Rotis d.o.o, was
selected by the Slovenian Ministry of Defense to be the prime
contractor for the supply of the Slovenian Armored Vehicle Program.
The Program covers 135 vehicles. Elbit Systems' portion of the
Program includes laser detection systems and the delivery,
integration and installation of 30mm Unmanned Turrets and 12.7/40
mm Overhead Remote Controlled Weapon System (ORCWS) onboard Patria
AMV 8X8 vehicles. In Romania, Elbit System was awarded a contract
to supply unmanned turrets and electro-optic systems valued at
approximately $15 million, with deliveries scheduled to be
performed over the next three years. The Romanian Government
selected Mowag GmbH, of the General Dynamics European Land Combat
Systems Group, to be the prime contractor in this project, and it
will supply the Piranha III vehicles for the program. Elbit
Systems' portion of the program includes the delivery of 12.7 mm
unmanned turrets and various electro-optic and electronic
subsystems, including the DTV- Driver Thermal Viewer and other
systems. The majority of the work will be performed in Romania by
Elbit Systems' subsidiary Elmet International srl., with the
collaboration of the Romanian company Pro-Optica S.A. Bezhalel
(Butzi) Machlis, Corporate V.P. and General Manager of Elbit
Systems' C4I & Land Systems Division, said: "The selection of
our systems for the projects attests to our ability to provide a
completely integrated configuration for
fighting/patrol/surveillance vehicles, including Unmanned Turrets
equipped with missile fire control and threat detection systems."
Machlis added: "We are proud to be selected to take part in those
important projects. The selection of our unmanned turrets
constitutes a breakthrough in an emerging international market
emanating from a shift in the modern battlefield. " 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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