Elbit Systems Awarded 3 Contracts Valued at $163 Million for Integrated Land Systems
August 07 2007 - 6:48AM
PR Newswire (US)
HAIFA, Israel, August 7 /PRNewswire-FirstCall/ -- Elbit Systems
Ltd. (NASDAQ:ESLT) announced it has been awarded three contracts
valued at a total amount of $163 million for the supply of tank and
artillery systems upgrades for customers in three Asian countries.
The projects include upgrading of Fire Control and Command &
Control systems for tanks and artillery systems. The various
programs covered by the contracts are scheduled to be performed
through 2009. Joseph Ackerman, President and CEO of Elbit Systems,
said "Recent land systems orders announced by the company,
including the sale of turrets to Romania and Slovenia, positions
Elbit Systems as one of the leading companies in the field of land
systems. Our strong technological infrastructure and know-how,
accumulated experience and the synergy of the wide range of
activities performed by the companies and divisions of the Elbit
Systems Group enables us to provide our customers with unique
solutions delivering significant added value which distinguishes us
from the competition. I believe the new orders will serve as a
springboard for additional orders from these customers and other
customers worldwide". Elbit Systems is a world leader in the
upgrade of armored fighting vehicles and the supplier of
comprehensive system solutions for land combat both in Israel and
worldwide. Its combat vehicle systems span the spectrum from target
acquisition to battle management. Elbit Systems' total solution
concept covers the entire combat vehicle platform, from complete
modernization to maintenance depots and lifecycle support services.
Its combat vehicle upgrades encompass all functions including
mobility, fire power and survivability, incorporating fire control,
turret and gun control, battle management, laser systems, thermal
imagers and more. 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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