Elbit Systems to Supply Royal Netherlands Army (RNLA) Advanced Battlefield Management System (BMS) Valued at Approximately $40 M
January 27 2008 - 5:07AM
PR Newswire (US)
HAIFA, Israel, Jan. 27 /PRNewswire-FirstCall/ -- Elbit Systems Ltd.
(NASDAQ:ESLT) announced that it has been awarded a contract from
the Netherlands MoD for the supply of advanced Battlefield
Management Systems -- BMS. Elbit Systems won the contract,
scheduled to be completely delivered over five years, following an
international tender participated by several of the leading defense
companies in the world. Elbit Systems will supply systems to the
Royal Netherlands Army's (RNLA) Ground Forces that will include
Enhanced Tactical Computers -- ETCs, incorporating Tactical
Communication Devices, and Data Communication Software. The systems
will be installed in more then 1800 of the RNLA's vehicles,
including tanks, armoured vehicles and others. The project involves
extensive cooperation with the Netherlands MoD's C2 Support Centre.
Defense Secretary of State said in his announcement to the Dutch
Parliament that the Battlefield Management System delivered to the
RNLA's Ground Forces will provide an integrated- and actual view of
the situation in the operation area, improving operational
effectiveness of the forces. Bezhalel (Butsi) Machlis, Corporate VP
& General Manager Land Systems & C4I Division, Elbit
Systems said: "Winning the tender to supply Battlefield Management
Systems to the Netherlands MoD constitutes another step in
establishing our position as leader in the C4I fast growing and
developing market. Elbit Systems' BMS systems are in use today by
over 20 militaries worldwide and we view this contract awarded by
the Netherlands MoD, a leading country in NATO, as a springboard to
potential future business in this market." 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.
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