Elbit Systems Establishes its Position as a Leading UAV Supplier for the IDF: Elbit Systems to Supply UAV Systems to the Israeli
November 12 2007 - 5:20AM
PR Newswire (US)
Order Includes Additional Hermes(R) 450 Systems as Well as Upgrade
of Existing Systems HAIFA, Israel, November 12
/PRNewswire-FirstCall/ -- Elbit Systems Ltd. (NASDAQ:ESLT) received
a new UAV order for the Israeli Defense Forces (IDF). The order,
valued at approximately $30 million, includes the development,
manufacture and supply of new and improved UAV systems, as well as
the upgrade of existing UAV systems, designed to enhance and expand
the IDF's existing UAV platform. Development and supply is
scheduled to take place over a period that exceeds three years. The
Hermes(R) 450 is an original development of Elbit Systems, and the
IDF has been operating UAVs based on this platform for several
years . During the recent war in Lebanon its UAVs flew many combat
sorties proving their efficiency in performing their missions by
providing effective operational results and achieving their goal -
the supply of necessary, visual intelligence to the ground forces.
The Hermes(R) 450 UAVs are operated by various military forces
worldwide and are deployed in battlefields such as Iraq and
Afghanistan to the full satisfaction of the customers. Haim
Kellerman, Corporate Vice President and General Manager of Elbit
Systems UAV Division said: "We are proud to receive IDF's renewed
order, attesting to the long-standing quality and operational
abilities of the Hermes(R) 450. We regard the IDF as our central
customer and the cornerstone of our increased success among the
Hermes(R) 450's users worldwide. The accumulated operational
experience and feedback we receive from the IDF are important
elements in the success of the Hermes(R) 450 around the globe. The
Hermes(R) 450 unique features constitute a solid basis for the
entire Hermes(R) UAV family. I have no doubt that the Hermes(R)
900, which will undergo flight tests in the coming months, will
enjoy similar success." Elbit Systems' UAV family has accumulated
tens of thousands of operational flight hours in Israel and other
countries worldwide. The various UAVs designed to meet a range of
requirement include the Hermes(R) 1500, Hermes(R) 450 - chosen to
lead the British Armed Forces prestigious WATCHKEEPER program,
Hermes(R) 900 - incorporating all features of Hermes(R) 450 and
more - longer flight duration, larger payload configurations and
ability to operate under extreme weather conditions, and Hermes(R)
180 - the smallest UAV in the Hermes family. 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. 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. 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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