Elbit Systems' Hermes 450(R) Records Another Success
September 01 2008 - 5:00AM
PR Newswire (US)
Elbit Systems Awarded Contract Valued at US$25 Million to Supply
UAVs to a Country in the Americas HAIFA, Israel, September 1
/PRNewswire-FirstCall/ -- Elbit Systems Ltd. (NASDAQ:ESLT)
announced today that it was awarded a contract to supply Hermes(R)
450 UAV systems to a country in the Americas for the total of
approximately $25 million. The contract also includes Skylark(R) I
systems, all to be delivered within a year. (Logo:
http://www.newscom.com/cgi-bin/prnh/20080408/300441 ) Hermes 450(R)
is a unique Elbit Systems development and has been the base
platform of the IDF's operational UAV fleet as well as the basis
for the UK's armed forces' UAV program Watchkeeper, the largest
such program in Europe. The Hermes(R) 450 UAVs are used extensively
in armies worldwide, including active war zones such as Iraq and
Afghanistan. So far, the Hermes 450(R) has accumulated over 100,000
operational flight hours. Skylark(R) is a mini/man-pack UAV system,
equipped with features derived from Elbit Systems' Hermes(R) family
of larger UAVs. The system is operational with the IDF's Ground
Force's Command and in several other armed forces. Skylark(R) is
currently operationally active in several theatres of the global
war on terror, with over 10,000 successful operational sorties and
a world record in high altitude flights, exceeding 15,000 feet. The
Skylark(R) systems have already been purchased by numerous
customers worldwide. Haim Kellerman, General Manager of Elbit
Systems UAS Division said: "We are proud to report another link in
the chain of successes, with a new order from a new customer,
attesting to the long-standing quality and operational abilities of
our UAVs.. Hermes(R) 450 has proved its capabilities and
reliability in the many years of operational performance," he
added, "Following the current high demand for UAV's, with
requirements for quick delivery for operational needs, the Hermes
450(R) in particular, Elbit Systems' UAV Division is fully prepared
to meet the full range of customers' demands and needs." 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, Corporate VP & CFO Ehud Helft / Kenny Green
Dalia Rosen, Director of Corporate G.K. Investor Relations
Communications Tel: 1-646-201-9246 Elbit Systems Ltd Fax:
+972-3-607-4711 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: Contacts: 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, Fax: +972-3-607-4711, E-mail:
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