Elbit Systems Selected by Boeing for the US Navy's T-45 Virtual Mission Training System (VMTS)
July 02 2008 - 7:07AM
PR Newswire (US)
HAIFA, Israel, July 2 /PRNewswire-FirstCall/ -- Elbit Systems Ltd.
(NASDAQ:ESLT) announced it has been selected by Boeing to be the
supplier for the US Navy's T-45 Goshawk Virtual Mission Training
System (VMTS). (Logo:
http://www.newscom.com/cgi-bin/prnh/20080408/300441 ) The VMTS, a
key element in the US Navy's Undergraduate Military Flight Officer
(UMFO) training modernization plan, will provide realistic training
at a reduced cost in a fighter-like environment and will enable the
retirement of the aging T-39 that is currently doing this job. The
VMTS system simulates via data link an unclassified, mechanically
scanned tactical radar that provides air-to-air and air-to-ground
modes as well as simulated weapons and simulated electronic
warfare. These functions can be networked between the participant
aircraft and the instructor ground station that controls the
mission presentation. VMTS allows a T-45 aircraft to simulate the
use of radar and weapons against virtual aircraft while in flight
as well as cooperate with other real and virtual aircraft. This
type of "download" training has the potential to transform military
flight training, not only in terms of cost savings but also by
delivering higher-quality training in a safe and measurable way.
This allows the maximum potential to be gleaned from costly
training hours. Ran Hellerstein, Elbit Systems Executive Vice
President and Co-General Manager, Aerospace Division commented on
the selection: "We are very proud to have been selected for such a
prestigious training system program. This selection demonstrates
our commitment to provide cutting edge training systems to Boeing,
in support of the U.S. Navy's mission readiness requirements."
Elbit Systems operates within the simulator market and supplies
systems for all types of platforms, including those for air, land
and naval applications. Utilizing its advanced technological
capabilities, particularly in developing software for complex
system programs, as well as its global leadership in upgrading
defense platforms, Elbit Systems is supplying simulation and
avionics 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. Company Contact: Joseph Gaspar,
Executive VP & CFO Dalia Rosen, Director of Corporate
Communications Elbit Systems Ltd Tel: +972-4-8316663 Fax:
+972-4-8316944 E-mail: Boeing Contact: Doug Cantwell Manager, T-45
Communications +1-206-662-0949 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,
Executive VP & CFO, Dalia Rosen, Director of Corporate
Communications, Elbit Systems Ltd, Tel: +972-4-8316663, Fax:
+972-4-8316944, E-mail: , ; Boeing Contact:, Doug Cantwell,
Manager, T-45 Communications, +1-206-662-0949, ; IR Contact:, Ehud
Helft / Kenny Green, G.K. Investor Relations, Tel: +1-646-201-9246,
E-mail:
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