Elbit Systems Subsidiary Selected by Lockheed Martin Aeronautics to Supply New Generation F-16 HUDs
April 09 2008 - 3:40AM
PR Newswire (US)
Elop Signs Multi-Year Master Purchase Order; Initial Order Valued
at $3.8 Million HAIFA, Israel, April 9 /PRNewswire-FirstCall/ --
Elbit Systems Ltd. (NASDAQ:ESLT) announced that its subsidiary
Elbit Systems Electro-Optics Elop Ltd. was selected by Lockheed
Martin Aeronautics to supply new generation Head Up Displays (HUDs)
for the new F-16 aircraft. (Logo:
http://www.newscom.com/cgi-bin/prnh/20080408/300441 ) The
multi-year project, which will commence immediately, is a
continuation of ongoing cooperation between the two companies in
the area of HUDs for F-16 aircraft. An initial order valued at
approximately $3.8 million has been placed. The full potential
value of the master purchase order is dependent on the level of
future F-16 sales. According to Elbit Systems Electro-Optics Elop
General Manager, Haim Rousso: "This framework agreement strengthens
Elop's important cooperation with Lockheed Martin. High
performance, high reliability and cost effectiveness are the main
elements of our unique HUD solutions for the F-16 and other
programs." Elop has supplied more than 3,300 HUDs, representing
thirteen different models, flying on more than 20 aircraft types,
to customers around the world. About Elbit Systems Electro-Optics
Elop Ltd. Elbit Systems Electro-Optics Elop Ltd. ("Elop"), a
subsidiary of Elbit Systems Ltd., is a globally recognized
multidisciplinary electro-optics systems house - incorporating the
full range of related technology and facilities under one roof.
Elop provides advanced and affordable solutions in the fields of
Observation and Surveillance Payloads, Lasers, Thermal Imaging,
Space and Airborne IMINT, Electro-Optic Countermeasures, Head-Up
Displays, Integrated Sights and Robotic Systems for Ground Forces
and Homeland Defense. Built on more than 70 years of experience and
a high level of vertical integration, Elop offers a diverse range
of market-leading products and systems for military, homeland
security and commercial 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 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. 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 E-mail:
http://www.newscom.com/cgi-bin/prnh/20080408/300441DATASOURCE:
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, E-mail:
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