Elbit Systems to Establish Mission Planning Center for Israeli Air Forces Fighter Pilots
July 15 2009 - 5:57AM
PR Newswire (US)
The Project is Valued at $55 Million and Will Include Instruction
and Maintenance Services HAIFA, Israel, July 15
/PRNewswire-FirstCall/ -- Elbit Systems Ltd. (NASDAQ:ESLT)
announced today that it was awarded a contract from the Israeli
Ministry of Defence for the establishment of a mission planning
center for the Israeli Air Force's (IAF) pilots of F-16C/D and
F-16I fighter aircraft. (Logo:
http://www.newscom.com/cgi-bin/prnh/20080408/300441 ) The center
will be operated through a PFI (Private Financing Initiative)
concept, and will include, among others, a development phase as
well as instruction and maintenance services for duration of 15
years. The project is valued at approximately $55 million, subject
to necessary approvals during the project. The new mission planning
center marks a significant breakthrough in the operational training
sector. The system enables training in various mission scenarios in
varying operational zones and in the relevant threat environment of
each zone, a new training capability which has not yet been
available to the IAF. With its high quality operational training
capabilities, the new center will allow the IAF to operate some of
the training sorties onboard the trainers, instead of the fighter
jets, thus allowing maximized use of existing resources. Ran
Hellerstein, Co-General Manager of Elbit Systems' Aerospace
Division, noted: "The mission planning system was developed in line
with the modern combat doctrine that calls for the operation of
multiple forces and thus requires interoperable training. We take
great pride in the IDF's selection and trust that Elbit Systems'
vast experience in the training of air and ground forces and UAV
operators, as well as our interoperability aptitude and accumulated
experience in private funding initiatives, will result in the most
suitable solution for the IDF." 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: IR Contact:
Joseph Gaspar, Executive VP & CFO Ehud Helft / Kenny Green
Dalia Rosen, G.K. Investor Relations Head of Corporate
Communications Tel: +1-646-201-9246 Elbit Systems Ltd E-mail: Tel:
+972-4-8316663 Fax: +972-4-8316944 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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