Elbit Systems' Skylark(R) I LE Selected by the Ministry of Defense as IDF Battalion Level Mini UAV
December 16 2008 - 9:13AM
PR Newswire (US)
HAIFA, Israel, December 16 /PRNewswire-FirstCall/ -- Elbit Systems
Ltd. (NASDAQ:ESLT) announced that it was selected by the Israeli
Defense Ministry to answer the battalion-level IDF tender, calling
for a wide procurement of mini-UAVs for all IDF Ground Forces
battalions, including training and logistics support. (Logo:
http://www.newscom.com/cgi-bin/prnh/20080408/300441 ) The
procurement potential is evaluated at dozens of million USD, in
accordance with IDF's requirements and procurement process. Elbit
Systems' Skylark(R) I LE has been selected by the IDF following an
extensive evaluation process, including operational ability to
answer the high requirements of the IDF, based on its rich
operational experience. The Skylark(R) I LE is based on the
accumulated experience acquired by the Skylark(R) I, in thousands
of operational hours performed, in various battlefields, including
Israel, Iraq and Afghanistan. Elbit Systems' UAV family has served
the IDF in recent years in counter terror missions and took an
operational part in Israel's second Lebanon War. The upgraded UAV
includes additional unique features, to significantly improve its
operational capabilities and offers the IDF a highly advanced UAV.
Haim Kellerman, General Manager of Elbit Systems UAV Division said:
"We take great pride in being selected by the Ministry of Defense
for this important IDF project. This selection attests to the
acknowledgement of this UAV's professional maturity and unique
capabilities, and strengthens our position as a leading UAV
supplier in Israel and worldwide." Kellerman added: "We have
witnessed great interest among numerous defense forces in the
export model of the Skylark(R) I LE and we expect that many other
customers will follow the IDF in its selection of this Elbit
Systems UAV." 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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