Korean Military to Use Elbit Systems' Tactical UAV - Skylark(R) II
December 17 2007 - 5:14AM
PR Newswire (US)
HAIFA, Israel, December 17 /PRNewswire-FirstCall/ -- Elbit Systems
Ltd. (NASDAQ:ESLT) announced that Skylark(R) II, was selected by
the Korean military as a preferred solution in a tender involving
extensive technical tests and including UAV manufacturers from all
over the world. The first phase of the contract includes a
comprehensive Skylark(R) II system while additional systems are
expected in the future. The Skylark(R) II mini UAV system is
designed for data collection, observation and target marking
missions for ranges exceeding 60 kilometers. Its silent, electric
propulsion system, allows for optimal performance during day, night
and adverse weather missions. The system It offers a full cycle
operation that is possible with a 2 person crew only. Skylark(R) II
is based on the combat experience of the Skylark(R) I, which is
already used in various battlefields by numerous customers
worldwide Haim Kellerman, Corporate Vice President and General
Manager of Elbit Systems UAV Division said: We are proud to be
selected by the Korean military and believe that Elbit Systems'
unique qualities and operational experience in developing UAVs in
general and mini UAVs in particular, will contribute to position
the Skylark(R) II as a leader in its field. We believe the
Skylark(R) II has great marketing potential as its unique features,
including silent electrical propulsion system and efficient combat
operating systems, are particularly suitable for brigade level and
up, ground forces missions. The Skylark(R) II system includes the
UAVs and Ground Control Station. The system is deployed using a
Humvee class field vehicles equipped with an integral launcher for
point launch and recovery, and an advanced dual station Ground
Control Station. It provides advanced, high performance ISTAR
capabilities and is ideal for both military and homeland defense
missions. The Skylark(R) II boasts an electric propulsion system
and is fitted with Elbit Systems Electro-Optics Elop's advanced
Micro-CoMPASS(TM) multi-faceted payload (day sensor, cooled night
sensor, laser illuminator and tracker) as well as Tadiran
Spectralink's advanced digital communication system. Last year the
Skylark(R) II received POPULAR SCIENCE's "2006 Best of What's New"
Award in the Aviation and Space category. 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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