ATK and Elbit Systems Conduct Successful Flight Test of GATR From Helicopter
June 03 2009 - 5:15AM
PR Newswire (US)
HAIFA, Israel, June 3 /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). (Logo:
http://www.newscom.com/cgi-bin/prnh/20080408/300441 ) In a recent
demonstration, conducted in Israel, GATR was employed from a
helicopter using lock-on before launch 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/. 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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