Elbit Systems' Subsidiary, Cyclone, to Supply Boeing F-15 Components, Valued at $31 Million
August 20 2008 - 3:34AM
PR Newswire (US)
HAIFA, Israel, August 20 /PRNewswire-FirstCall/ -- Elbit Systems
Ltd. (NASDAQ:ESLT) announced that its subsidiary, Cyclone Aviation
Products Ltd. (Cyclone), has been awarded a contract by The Boeing
Company valued at approx. US$31 million to supply structural
components for its F-15 fighter jets. (Logo:
http://www.newscom.com/cgi-bin/prnh/20080408/300441 ) The contract
calls for the supply of external fuel tanks, pylons, horizontal
stabilizers and gun access doors. Deliveries are scheduled between
2009 and 2011. Yoram Shmuely, Co-General Manager of Elbit Systems
Aerospace Division said: "We are proud to be selected by Boeing to
supply key elements for the F15. This contract win reflects the
trust and recognition we have established among major aviation
manufacturers such as Boeing." 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: IR Contact:
Joseph Gaspar, Executive VP & CFO Ehud Helft / Kenny Green
Dalia Rosen, Head of Corporate Communications G.K. Investor
Relations Elbit Systems Ltd Tel: 1-646-201-9246 Tel: +972-4-8316663
E-mail: Fax: +972-4-8316944 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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