Raanan I. Horowitz Appointed as President and CEO of Elbit Systems of America
October 17 2007 - 5:04AM
PR Newswire (US)
HAIFA, Israel, October 17 /PRNewswire-FirstCall/ -- Elbit Systems
Ltd. (NASDAQ:ESLT) announced that, effective October 15, 2007, its
U.S. subsidiary, Elbit Systems of America, LLC (ESA), a leading
provider of high performance defense, homeland security and
commercial aviation products and systems, has appointed Raanan I.
Horowitz as ESA's President and CEO, as well as a member of ESA's
Board of Directors. Mr. Horowitz replaces Joseph A. Parini, who was
serving as ESA's interim President and CEO. Mr. Parini will
continue in his role as Chairman of the Board of Directors of ESA.
Mr. Horowitz joined the Elbit Group in 1989, and since 1991 he has
held senior positions in the Group's U.S. companies. In 2001, Mr.
Horowitz was appointed to serve as the Executive Vice President and
General Manager of EFW Inc. (EFW), an Elbit Systems of America
company. In that position, he has been involved in managing the
provision of mission critical systems to various defense platforms
and programs for the U.S. armed forces. Prior to that appointment,
Mr. Horowitz served in a number of senior management positions in
EFW, including Executive Vice President and Chief Operating
Officer, Vice President of Operations and Vice President of the
Ground Systems Business Unit. Mr. Horowitz is active in a range of
industry-wide activities, including serving on the U.S. Army
Science Board. He also serves on the Boards of Directors of the
Lone Star Chapter of the National Defense Industry Association
(NDIA) and the Texas-Israel Chamber of Commerce, and he is a member
of the Business Executives for National Defense (BENS)
organization. Mr. Horowitz holds a MBA, a master of science degree
in electrical engineering and a bachelor of science degree in
mechanical engineering. About Elbit Systems of America, LLC Elbit
Systems of America, LLC and its subsidiaries ("ESA") are leading
providers of high performance products and sub-system solutions
focusing on the defense, homeland security and commercial aviation
markets. With facilities in New Hampshire, Texas, Alabama, Georgia,
Virginia and California, ESA is dedicated to supporting those who
contribute daily to the protection and safety of the United States.
ESA is wholly owned by Elbit Systems Ltd. Additional news and
information about ESA is available at
http://www.elbitsystemsofamerica.com/. 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. This press release contains
forward-looking statements (within the meaning of Section 27A of
the Securities Act of 1933, as amended and Section 21E of the
Securities Exchange Act of 1934, as amended) regarding Elbit
Systems Ltd. and/or companies in the Elbit Systems Group, to the
extent such statements do not relate to historical or current fact.
Forward Looking Statements are based on management's expectations,
estimates, projections and assumptions. Forward-looking statements
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, as amended. These
statements are not guarantees of future performance and involve
certain risks and uncertainties, which are difficult to predict.
Therefore, actual future results, performance and trends may differ
materially from these forward-looking statements due to a variety
of factors, including, without limitation: scope and length of
customer contracts; governmental regulations and approvals; changes
in governmental budgeting priorities; general market, political and
economic conditions in the countries in which the Elbit Systems
Group operates or sells, including Israel and the United States
among others; differences in anticipated and actual program
performance, including the ability to perform under long-term
fixed-price contracts; and the outcome of legal and/or regulatory
proceedings. The factors listed above are not all-inclusive, and
further information is contained in Elbit Systems Ltd.'s latest
annual report on Form 20-F, which is on file with the U.S.
Securities and Exchange Commission. All forward-looking statements
speak only as of the date of this release. Elbit Systems does not
undertake to update its forward-looking statements. 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: +1-646-201-0246 Fax:
+972-3-6074711 E-mail: DATASOURCE: Elbit Systems Ltd CONTACT:
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:
+1-646-201-0246, Fax: + 972-3-6074711, E-mail:
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