Elbit Systems' Subsidiary, Talla-Com, Awarded Multiple Contracts From U.S. Department of Defense to Supply UHF Satcom Power Ampl
December 12 2007 - 8:26AM
PR Newswire (US)
Total Value of the Contracts Amount to $13 Million HAIFA, Israel,
December 12 /PRNewswire-FirstCall/ -- Elbit Systems
Ltd.-(NASDAQ:ESLT) announced that Tallahassee Communications
Industries, Inc. (Talla-Com), its wholly-owned U.S. subsidiary, was
recently awarded multiple contracts from U.S. Department of Defense
Agencies to supply UHF SATCOM (Satellite Communications) Power
Amplifiers to the military. The contracts' values sum up to $13
million. Talla-Com's President, Mr. Joel Friederich views these
awards as "testament to the trust of our customers in the
performance and quality of our products and our company. Talla-Com
is proud to provide the U.S. military with the technology that will
enable them to complete their missions successfully." About
Talla-Com Industries: Talla-Com is a wholly-owned subsidiary of
Elbit Systems Ltd. Israel, (NASDAQ:ESLT). The Elbit Systems'
Group's US operations are headquartered at Elbit Systems of
America, LLC in Fort Worth, Texas. Talla-Com is engaged in the
design, development, and manufacture of Radio Frequency (RF)
systems and subsystems. 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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