Elbit Systems Supplies IAF F-16I Simulator System to the Israeli Ministry of Defense
June 05 2008 - 3:43AM
PR Newswire (US)
HAIFA, Israel, June 5 /PRNewswire-FirstCall/ -- Elbit Systems Ltd.
(NASDAQ:ESLT) and Lockheed Martin inaugurated the avionics
simulation system delivered to the Israeli Ministry of Defense
(IMOD) for the Israel Air Force (IAF) F-16I Sufa aircrew flight and
system trainer. (Logo:
http://www.newscom.com/cgi-bin/prnh/20080408/300441 ) The simulator
is fully compatible with the aircraft avionics and cockpit. Elbit
Systems additionally supplied an advanced simulating system to
enable the IAF pilots Out-of-Cockpit world view for full training
in different air conditions in both day and nighttime. The systems
were delivered to the full satisfaction of the IAF and the Israeli
Ministry of Defense, within the planned timeframe. In 2005, Elbit
Systems supplied an advanced simulation system for the F-16A Netz
and has already received a follow-on order for the development of a
simulation system for the F-16B Barak. In addition, Elbit Systems
supplies the core avionic systems for the IAF's F-16I aircraft.
These systems include the Display and Sight Helmet (DASH), mission
computer systems, head-up display systems, display processors,
digital maps as well as stores management systems. Joseph Ackerman,
President and CEO of Elbit Systems, said, "The successful delivery
of the simulator for the IAF's most advanced combat aircraft, the
F-16I, further strengthens Elbit Systems' position as a leading
company in the simulator field in general and in the flight
simulator area in particular." According to Ackerman, "In order to
achieve better efficiency in defense budgets, there is a wider
global demand for use of simulators, which enable air forces and
other defense force branches to achieve better performance with the
same level of training-hours." Elbit Systems operates within the
simulator market and supplies systems for all types of platforms,
including those for air, land and naval applications. Elbit Systems
utilizes its advanced technological capabilities, particularly in
developing software for complex system programs, as well as its
global leadership in upgrading defense platforms, as the basis for
the successful supply of simulation systems to various customers
around the world. 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 E-mail:
http://www.newscom.com/cgi-bin/prnh/20080408/300441DATASOURCE:
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, E-mail:
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