Elbit Systems to Supply an Asian Customer With Live Training System Valued at $10 Million
December 01 2008 - 4:10AM
PR Newswire (US)
Live Training System Allows the Trainee to Acquire Experience and
Skills in Field Conditions While Saving Training Time and
Ammunition Costs HAIFA, Israel, December 1 /PRNewswire-FirstCall/
-- Elbit Systems Ltd. (NASDAQ:ESLT) announced that it was awarded a
contract by an Asian country for the supply of a "Live Training
System" valued at $10 million. The system will be delivered to the
customer during 2010. (Logo:
http://www.newscom.com/cgi-bin/prnh/20080408/300441 ) The new
system is designated to train a brigade combat team including
infantry forces, armored forces and support forces (artillery and
air defense). Virtual elements are integrated into the live
training for enriching the battlefield display, as well as video
capabilities for improving control and debrief. The live training
system is mobile and can be rapidly deployed in various training
areas with various sizes and features, and enables training in
urban scenarios as well. The capability to execute a training
activity in the area itself, while utilizing the operational
weapons and platforms, without using live ammunition, allows the
trainee to acquire experience and skills in field conditions while
saving training time and ammunition costs. Ran Hellerstein, Joint
General Manager of Elbit Systems' Aerospace Division said: "Wining
this project positions Elbit Systems as a leading supplier in the
field of trainers and simulators. We anticipate growing interest
among our global clients in acquiring similar systems." Elbit
Systems operates in the Trainers market for all military activity
areas, for air, land and sea, in Israel and worldwide. The company
relies on its cutting-edge technological capabilities, especially
in the software development area for complex systematic projects,
and on its worldwide leadership in military platforms upgrade.
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: 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:
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