Elbit Systems Awarded $40 Million in Several Contracts for the Supply of Thermal Imaging Systems
January 20 2008 - 4:57AM
PR Newswire (US)
HAIFA, Israel, Jan. 20 /PRNewswire-FirstCall/ -- Elbit Systems Ltd.
(NASDAQ:ESLT) announced that it's subsidiary, Elbit Systems
Electro-Optics Elop Ltd. (Elop), recently has been awarded
contracts valued at a total of approximately $40 million from
several customers for the supply of its CORAL and CORAL-CR
hand-held lightweight Thermal Imaging cameras. The projects covered
under the new contracts include applications for nfantry, scouts
and special units, night sight and target acquisition, security and
perimeter defense and target acquisition for infantry commanders.
Elop foresees substantial potential for follow-on orders. The
systems are members of the industry-leading CORAL family, already
in service around the globe. CORAL is a dual FOV Thermal Imaging
camera, based on Elop's advanced, proven 3-5 micrometers FPA InSb
detector technology, already utilized in many of Elop's other
Thermal Imaging products. It produces a thermal image of
outstanding quality based on Elop's unique image processing
circuitry and software algorithms implemented in the system.
CORAL-CR is a hand-held Thermal Imaging system that includes target
acquisition capabilities in order to identify self positioning and
detected target position. These capabilities are achieved by a
laser range finder, a digital compass and a GPS which are mounted
and boresighted together with the FLIR. The CORAL-CR has a 1:5
continuous optical zoom, high resolution, 3-5 micrometers FPA InSb
detector and advanced algorithms. According to Elbit Systems
Electro-Optics Elop General Manager, Haim Rousso: "Building on
previous sales, this latest string of orders continues our momentum
as a major force in the field of Thermal Imaging. The CORAL
hand-held systems deliver significant added value to our customers,
providing outstanding performance and covering the full spectrum of
military and homeland security applications." 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. 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:
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. 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; IR Contacts: Ehud Helft or
Kenny Green, both of G.K. Investor Relations, +1-646-201-9246, or
fax, +972-3-607-4711, , for Elbit Systems Ltd.
Copyright
Elbit Systems (NASDAQ:ESLT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Elbit Systems (NASDAQ:ESLT)
Historical Stock Chart
From Jul 2023 to Jul 2024