Elbit Systems to Provide Operation and Maintenance Services for the New Israeli Air Force Trainer, "Effroni"
July 07 2009 - 6:25AM
PR Newswire (US)
HAIFA, Israel, July 7 /PRNewswire-FirstCall/ -- Elbit Systems Ltd.
(NASDAQ:ESLT) announced today that it was awarded a contract by the
Israeli Ministry of Defense for the operation and maintenance of
the new Israeli Air Force's trainer, Beechcraft T-6 ("Effroni").
The contract amount which is not material to Elbit Systems, will be
delivered over the course of five years, with an option for an
additional five years. (Logo:
http://www.newscom.com/cgi-bin/prnh/20080408/300441 ) The IAF's new
T-6 replaces jet trainer Fouga Magister ("Zukit") that has served
the IAF's flight school for decades. With the procurement of the
new trainer, the Israeli Air Force joins leading air forces in
training new pilots onboard turbo-prop aircraft, considered safer
for training purposes and more cost-effective than jet aircraft.
Yoram Shmueli, Co-General Manager of Elbit Systems' Aerospace
Division, said: "We are extremely proud of this selection, which is
yet another link in the chain of IAF projects we have been managing
and that consistently rank high in the IAF's quality and
performance tests." Shmueli added: "We have witnessed a growing
global trend toward privatization of training operation and
management and we hope that our experience and reputation achieved
in projects tailored for the IAF, will leverage our position in
similar projects worldwide." Elbit Systems has provided the IAF
with maintenance services for its training aircraft and helicopters
since 2002. 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: 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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