ATK and Elbit Systems Conduct Successful Flight Test of GATR from Helicopter
June 01 2009 - 8:00AM
PR Newswire (US)
HAIFA, Israel, June 1 /PRNewswire-FirstCall/ -- Elbit Systems Ltd.
(NASDAQ:ESLT) and Alliant Techsystems (NYSE:ATK) announced today
that they have successfully conducted flight tests of the Guided
Advanced Tactical Rocket (GATR). In a recent demonstration,
conducted in Israel, GATR was deployed from a helicopter using a
"lock-on before launch" method to engage an off-boresight target at
a range of approximately three (3) kilometers. ATK and Elbit
Systems validated flight worthiness, safe separation launch, and
autonomous laser designated guided flight through a series of
tests. The laser designated guided flight, launched from a standard
2.75 inch launcher, resulted in a direct impact on the target.
Originally announced in July 2008, GATR benefits from a robust
design, which combines combat-proven performance, a minimum smoke
signature and the reliability of an ATK-produced propulsion system,
similar to a system employed on millions of rockets produced for
the United States Army. GATR contains a guidance and control system
built with the experience of Elbit Systems' heritage in
high-performance laser seekers for the United States and
international customers. It employs advanced acquisition, tracking
and guidance algorithms to achieve one-meter accuracy against
stationary and moving targets. In its tactical configuration, GATR
will incorporate an Insensitive Munitions (IM) rocket motor and a
family of IM warheads to include blast/fragmentation and
penetration. GATR is a low-cost, precision strike weapon that
minimizes collateral damage, while providing stand-off deployment
against a wide array of target sets. GATR supports lock-on before
or after launch as well as autonomous or remote laser designation.
The system can be deployed against targets at ranges of 1.5 to 8+
kilometers from fixed and rotary-wing aircraft. It is compatible
with existing 2.75"/70mm launcher hardware. GATR will be
particularly effective in urban areas or against targets where a
low collateral damage solution is required. The GATR system fills
the gap between larger, more expensive guided missiles and the
current family of unguided rockets. About ATK ATK is a premier
aerospace and defense company with more than 18,000 employees in 22
states, Puerto Rico and internationally, and revenues in excess of
$4.7 billion. News and information can be found on the Internet at
http://www.atk.com/. 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. For additional information, visit
http://www.elbitsystems.com/. ATK Certain information discussed in
this press release constitutes forward-looking statements as
defined in the Private Securities Litigation Reform Act of 1995.
Although ATK believes that the expectations reflected in such
forward-looking statements are based on reasonable assumptions, it
can give no assurance that its expectations will be achieved.
Forward-looking information is subject to certain risks, trends and
uncertainties that could cause actual results to differ materially
from those projected. Among those factors are: the challenges of
developing advanced, precision-fire weapons; changes in
governmental spending, budgetary policies and product sourcing
strategies; the company's competitive environment; the terms and
timing of awards and contracts; and economic conditions. ATK
undertakes no obligation to update any forward-looking statements.
For further information on factors that could impact ATK, and
statements contained herein, please refer to ATK's most recent
Annual Report on Form 10-K and any subsequent quarterly reports on
Form 10-Q and current reports on Form 8-K filed with the U.S.
Securities and Exchange Commission. Elbit Systems This press
release contains forwardlooking 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.
Forwardlooking 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 forwardlooking
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
forwardlooking statements speak only as of the date of this
release. The Company does not undertake to update its
forward-looking statements. Elbit Systems Contacts: ATK Contacts:
Amanda Covington, Communications Dalia Rosen, Corp. Communications
Tel: 801-779-4625 Tel: +972-4-8316784 Jeff Huebschen, Investor
Relations Fax: +972-4-8315666 Tel: 952-351-2929 E-mail: E-mail:
DATASOURCE: ATK; Elbit Systems Ltd. CONTACT: Elbit Systems, Dalia
Rosen, Corp. Communications, +972-4-8316784, fax, +972-4-8315666, ;
ATK, Amanda Covington, Communications, +1-801-779-4625, , or Jeff
Huebschen, Investor Relations, +1-952-351-2929, Web Site:
http://www.atk.com/ http://www.elbitsystems.com/
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