Elbit Systems' Hermes(R) 450 Records Another Success: Elbit Systems to Supply UAV Systems to a European Country Valued at US$20
July 07 2008 - 4:22AM
PR Newswire (US)
HAIFA, Israel, July 7 /PRNewswire-FirstCall/ -- Elbit Systems Ltd.
(NASDAQ:ESLT) announced today that it was awarded a contract valued
at approximately US$20 million to supply Hermes(R) 450 UAV Systems
to a European country. The systems include both air vehicles as
well as complementing ground systems, to be delivered during 2009.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 )
Hermes(R) 450 is a unique Elbit Systems development, which has been
the major player in Israel's security activities, and the IDF's
primary UAV system. In addition, the Hermes(R) 450 is the basis for
the UK Armed Forces' Watchkeeper program, the largest UAV program
in Europe. Hermes(R) 450 UAVs are used extensively in armies
worldwide, including active war zones such as Iraq and Afghanistan.
So far, the Hermes(R) 450 has accumulated over 100,000 operational
flight hours. Haim Kellerman, General Manager of Elbit Systems UAS
Division said: "The new order is yet another link in the chain of
successes in the marketing of the Hermes(R) 450, building on the
level of maturity the system has achieved. The Hermes(R) 450 has
well proved its capabilities and reliability over many years of
operational performance." He added, "In light of the current high
demand for the Hermes(R) 450, and specifically the requirement for
speedy delivery for operational needs, Elbit Systems' UAV Division
is prepared to meet the full range of customers' demands." 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, Executive VP & CFO Dalia Rosen, Head 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,
Executive VP & CFO, Dalia Rosen, Head 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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