Elbit Systems Group Awarded Two Prestigious Israel Defense Prizes
September 03 2007 - 9:53AM
PR Newswire (US)
HAIFA, Israel, September 3 /PRNewswire-FirstCall/ -- Elbit Systems
Ltd. (NASDAQ:ESLT) has been awarded the prestigious Israel Defense
Prize for 2007 for two military system developments which make a
significant contribution to enhancing Israel's security. The prize
is presented annually by the Israeli Minister of Defense. These two
prizes bring to nine the total number of Israel Defense Prizes the
Elbit Systems Group has received in its history. Elbit
Electro-Optics Systems Elop Ltd. (Elop) received the 2007 Israel
Defense Prize for development of an innovative system for ground
forces. Elop developed the system in cooperation with teams from
the IDF (Israel Defence Force) Ground Forces Command and the
Directorate of Defense R&D (MAFAT) of the Israel Ministry of
Defence, joint winners of the prize. Elop was also an Israel
Defense Prize recipient in 2005. Elisra Electronic Systems Ltd.
(Elisra), a 70%-subsidiary of Elbit Systems, won the 2007 Israel
Defense Prize for the development of a system based on advanced
technological components, together with teams from MAFAT and the
Israel Air Force. Joseph Ackerman, President and CEO of Elbit
Systems said: "Being awarded the Israel Defense Prize is a great
honor to the teams that participated in these projects. It is an
indication not only of their advanced technological capabilities
and creativity, but, first and foremost, of the extensive
cooperation and interaction between our company and the Israel
Defense Forces. We see the IDF as a strategic partner and are proud
of our ability to support Israel's defense efforts and to provide
the IDF with world leading solutions." 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"), unmanned air vehicle
(UAV) systems, advanced electro-optics, electro-optic space
systems, 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, homeland security and
commercial aviation 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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