HAIFA, Israel, March 15, 2010 /PRNewswire-FirstCall/ -- Elbit
Systems Ltd. (NASDAQ: ESLT) announced today that it was awarded a
contract from the Department of Defence of the Commonwealth of
Australia in the amount of
approximately $298 million U.S.
dollars (approximately $ 331 million
Australian dollars) for the supply, integration, installation and
support of a Battle Group and Below Command, Control and
Communications (BGC3) system for the Australian Army's Land 75/125
program. The BGC3 comprises a Battle Management System (BMS) for
soldiers, Vehicle Mounted Commanders and Headquarters/Command Post
Staff.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 )
This project, to be performed over the next three years, will
enable the Australian Army to achieve a major portion of its
defence network centric warfare milestone of a networked brigade
with cutting edge technology in battle management and
communications systems.
The capability will increase the commander's battlespace
awareness, automate combat messaging and assist in the execution of
operations. Importantly, this capability will significantly reduce
the risk of casualties resulting from friendly fire. This high
priority acquisition will assure improved protection and
coordination for Australian Defence Forces personnel, allowing
missions to be carried out more efficiently, safely and
effectively.
Elbit Systems, a leading supplier of tactical Battle Management
Systems, has been selected by the Australian Department of Defence
following a world-wide competitive open tender.
Joseph Ackerman, President and
CEO of Elbit Systems, commented: "Australia is a very important market for Elbit
Systems, and we are extremely proud to be selected by the
Department of Defence for this major program, one of the largest
and most prestigious BMS programs in the world. The selection of
our systems by the Australian Army, considered among the world's
most advanced and modern fighting forces, reflects the quality and
maturity of our systems, resulting from the fact they are currently
in operational use by more than 20 armed forces worldwide".
About Elbit Systems
Elbit Systems Ltd. is an international defense electronics
company engaged in a wide range of 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 aircraft
systems ("UAS"), 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,
developing new technologies for defense, homeland security and
commercial aviation applications and providing a range of support
services.
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.
Company Contact:
Joseph Gaspar, Executive VP & CFO
Dalia Rosen, VP & Head of Corporate
Communications
Elbit Systems Ltd
Tel: +972-4-8316663
Fax: +972-4-8316944
E-mail: j.gaspar@elbitsystems.com
dalia.rosen@elbitsystems.com
IR Contact:
Ehud Helft / Kenny Green
CCG Investor Relations
Tel: +1-646-201-9246
E-mail:elbitsystems@ccgisrael.com
SOURCE Elbit Systems Ltd