Elbit Systems of America Announces Reorganization of its Business
April 08 2008 - 11:56AM
PR Newswire (US)
FORT WORTH, Texas, April 8 /PRNewswire-FirstCall/ -- Elbit Systems
of America, LLC, a wholly owned subsidiary of Elbit Systems, Ltd.
(NASDAQ: ESLT), announced the reorganization of its North America
operations with seven focused business units responsible for
providing turn-key solutions to its customers. These business units
will be supported by four capabilities excellence centers located
across the United States. The new organization will position Elbit
Systems of America as a synergistic, enterprise, capable of
providing discriminating products and systems to the market. The
Elbit Systems of America business units include: (Logo:
http://www.newscom.com/cgi-bin/prnh/20080408/300488 ) Elbit Systems
of America Airborne Solutions, headquartered in Fort Worth, Texas
Elbit Systems of America Land Solutions, headquartered in Fort
Worth, Texas Elbit Systems of America Services and Support
Solutions, headquartered in Talladega, Alabama Elbit Systems of
America C4I Solutions, headquartered in Tallahassee, Florida Elbit
Systems of America Sensor and Electro-Optics Solutions,
headquartered in Merrimack, New Hampshire Elbit Systems of America
Commercial Aviation - Kollsman, headquartered in Merrimack, New
Hampshire Elbit Systems of America Medical Instruments - KMC
Systems, headquartered in Merrimack, New Hampshire The business
realignment will provide our customers with improved access to the
varied talents and expertise of the company's employees and
resources and will enhance the ability to leverage the entire
portfolio of our global resources and capabilities. Raanan
Horowitz, President and Chief Executive Officer of Elbit Systems of
America stated, "The new organization provides us with increased
market focus and the ability to improve synergies and provide
superior solutions and products to our customers. While we will
continue to leverage our global assets, we will also continue to
invest and strengthen our US based capabilities. These capabilities
are critical for our customers and positioning Elbit Systems of
America as a home market player in the United States." About Elbit
Systems of America, LLC Elbit Systems of America is a leading
global provider of high performance products and sub-system
solutions focusing on the defense, homeland security, and
commercial aviation markets. With facilities in Texas, New
Hampshire, Kansas, Alabama, Georgia, Virginia, Florida and
California, Elbit Systems of America is dedicated to supporting
those who contribute daily to the defense and safety of the United
States. The Elbit Systems of America is wholly owned by Elbit
Systems Ltd. (NASDAQ:ESLT), a global electronics company engaged in
a wide range of programs for innovative defense, commercial
aviation and homeland security applications. Additional information
about the company is available at
http://www.elbitsystemsofamerica.com/. 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. Trademarks Elbit Systems of
America and other trademarks, service marks and logos are
registered or unregistered marks of Elbit Systems of America
companies in the United States and in foreign countries. Copyright
(c) 2008 Elbit Systems of America. All rights reserved. Forward
Looking Statement 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. Contact: Kim Cushman
+1-603-886-2273
http://www.newscom.com/cgi-bin/prnh/20080408/300488DATASOURCE:
Elbit Systems of America, LLC CONTACT: Contact: Kim Cushman,
+1-603-886-2273,
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