Elbit Systems' U.S. Subsidiary Kollsman, Awarded $26.5 Million Contract for Laser Spot Imagers by the U.S. Marine Corps
February 11 2008 - 4:19AM
PR Newswire (US)
HAIFA, Israel, February 11 /PRNewswire-FirstCall/ -- Elbit Systems
Ltd. (NASDAQ:ESLT) announced that its U.S. subsidiary, Kollsman,
Inc., an Elbit Systems of America, LLC, company was awarded a $26.5
million delivery order under a previous
Indefinite-Delivery/Indefinite-Quantity (ID/IQ) contract for
Thermal Laser Spot Imagers (TLSI) with accessories and logistic
support from the U.S. Marine Corps (USMC) Systems Command, based in
Quantico, Virginia. The TLSI to be provided, developed jointly with
its sister company Elbit Systems Electro-Optics Elop, is an
enhanced version of the company's AN/PAS-22 Long Range Thermal
Imager (LRTI), augmented by incorporation of a Laser Spot Tracker
(LST). The LRTI is a portable, binocular, hand-held,
battery-operated thermal imager, used for long-range observation,
and is currently in service with the USMC. TLSI will be used to
identify a laser spot that has been placed on a target as a
guidance aid which allows the laser spot to be seen in day or night
and in adverse weather. The TLSI works in conjuction with the
company's Portable Laser Designator Ranger (PLDR) which is also
being supplied to the USMC. Raanan I Horowitz, CEO of Elbit Systems
of America stated: "This award demonstrates our commitment to
provide cutting edge electro-optic systems to the USMC in support
of their mission readiness requirements and farther compliments our
strong relations with this important customer". 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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