Elbit Systems Opens NASDAQ Trading
March 13 2008 - 4:24AM
PR Newswire (US)
HAIFA, Israel, March 13 /PRNewswire-FirstCall/ -- The management of
Elbit Systems Ltd. (NASDAQ:ESLT), headed by the Chairman of the
Board of Directors, Michael Federmann, the President and CEO,
Joseph Ackerman, and the CFO, Joseph Gaspar, opened trading on
NASDAQ yesterday at an opening bell ceremony. Also in attendance
were NASDAQ executives. The event took place a day after the
company issued its 2007 financial results, highlighting Elbit
Systems' continued growth and underscoring its position as a
leading international defense electronics company. The event was
held at the NASDAQ MarketSite in New York City and was broadcast
live on the external wall of the building overlooking Times Square.
The Company's leading systems, including UAVs, helmet displays,
thermal imaging cameras and others, were projected throughout the
day on the Times Square display. Following the ceremony, the
management of Elbit Systems held meetings with investors and senior
U.S. capital market executives. Joseph Ackerman, President and CEO
of Elbit Systems said "Opening the trading on NASDAQ is a
significant event for the company. From its establishment in 1996,
Elbit Systems has been listed on NASDAQ. Since then, along with
becoming a multinational company with continuous growth, we have
enjoyed the financial advantages of being traded on NASDAQ, which
provides accessibility to the U.S. and the world's trading arenas."
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 Company, which includes Elbit
Systems 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 Company 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 its subsidiaries (collectively the
Company), 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 Company 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. The Company 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: 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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