Israel Air Force to be Equipped With Elbit Systems' Lizard Laser-Guided Bombs
September 30 2007 - 4:47AM
PR Newswire (US)
HAIFA, Israel, Sept. 30 /PRNewswire-FirstCall/ -- Elbit Systems
Ltd. (NASDAQ:ESLT) reported today that it had been selected to
equip the Israel Air Force (IAF) with its Lizard laser-guided
bombs. Contract value is several $Millions and the initial supply
of the systems to the IAF has already begun. Lizard, a
sophisticated new generation laser-guided bomb incorporates decades
of Elbit Systems in-house technological expertise. The system,
which will be used for air-to-surface attack of diverse targets,
inflicts pinpoint damage while substantially reducing collateral
damage. The current laser designator is designed for warheads of
various sizes. Elbit Systems has already supplied the Lizard
laser-guided bomb kit to several international customers including
NATO-member countries. The performance-proven LIZARD has already
generated repeat orders from existing customers. According to Yoram
Shmueli, Joint General Manager of Elbit Systems' Airborne division,
the decision to equip the IAF with Lizard represents an important
breakthrough for Elbit Systems as a major supplier of laser-guided
systems. Mr. Shmueli added, "The use of lasers for pinpoint
accuracy and reduced collateral damage is in increased demand
amongst the world's advanced air forces, and the fact that the IAF
has chosen Elbit Systems' Lizard will lead to increased orders for
the system worldwide." About Elbit Systems Ltd. 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. Company Contact: IR Contact:
Joseph Gaspar, Corporate VP & CFO Ehud Helft / Kenny Green
Dalia Rosen, Director of Corporate Communications Elbit Systems
Ltd. G.K. Investor Relations Tel: +972-4-8316663 Tel:
1-646-201-0246 Fax: +972-4-8316944 Fax: + 972-3-6074711 E-mail:
E-mail: This press release contains or may contain forward-looking
statements, including statements regarding the future performance
of our operations and our business strategies and commitments. For
these statements and all other forward-looking statements, Elbit
Systems Ltd. claims the protection of the safe harbor for
forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are
inherently subject to risks and uncertainties, many of which cannot
be predicted with accuracy or are otherwise beyond our control and
some of which might not even be anticipated. Future events and
actual results, affecting our strategic plan as well as our
financial position, results of operations and cash flow, could
differ materially from those described in or contemplated by the
forward- looking statements. Important factors that contribute to
such risks include, but are not limited to, governmental
regulations and approvals, changes in governmental budgeting
priorities, and general market, political and economic conditions
in the countries in which the Elbit Systems Group operates or
sells, including the United States. DATASOURCE: Elbit Systems Ltd.
CONTACT: Joseph Gaspar, Corporate VP & CFO, , or Dalia Rosen,
Director of Corporate Communications, , both of Elbit Systems Ltd.,
+972-4-8316663, or fax, +972-4-8316944; or IR: Ehud Helft or Kenny
Green of G.K. Investor Relations, +1-646-201-0246, or fax,
+972-3-6074711, , both for Elbit Systems Ltd.
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