HAIFA, Israel, January 19, 2011 /PRNewswire-FirstCall/ -- Elbit
Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems") announced
today that its Brazilian subsidiary, Aeroeletronica Ltda. ("AEL"),
was awarded a contract to supply Hermes(R) 450 Unmanned Aircraft
Systems (UAS) to the Brazilian Air Force. The contract is not in an
amount that is material to Elbit Systems.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 )
This project is a part of the Brazilian Air Forces' objective to
establish independent UAS capabilities, allowing for self-reliant
operation and development of UAS in Brazil. Located in Porto Alegre in southern Brazil, AEL performs a variety of projects for
the Brazilian Air Force, as well as other branches of the Brazilian
Armed Forces.
Hermes(R) 450 is an experienced and mature UAS that has, to
date, accumulated over 200,000 operational flight hours in various
arenas worldwide. Its capabilities are suitable both for homeland
security and anti-terror missions, and it can be equipped with a
variety of advanced sensors, according to customers' requirements.
As part of the development of the Brazilian Air Forces' future UAS,
AEL will utilize technological capabilities of its parent company,
Elbit Systems, and will also work with local Brazilian
industries.
Joseph Ackerman, President and
CEO of Elbit Systems, commented: "We are extremely proud of the
Brazilian Air Force's selection of Elbit Systems UAS, a decision
that marks yet another significant milestone in AEL's long-time
collaboration with the Air Force. The Brazilian Air Force is
considered a global leader, and the selection attests to the
quality and maturity of our UAS, currently operational with more
than 20 customers worldwide." Ackerman added: "We hope this new
project will further strengthen the cooperation between AEL and the
Brazilian Air Force, as well as other Brazilian customers, and will
be an incentive for future collaborations."
About Aeroeletronica - Elbit Systems' subsidiary in Porto Alegre
Located in Porto Alegre (the
largest state in South Brazil),
Aeroeletronica's workforce currently includes more than 180
employees - with plans for expanding the workforce in the near
future. Based on technological investments, know-how transfer and
extensive training of its employees at Elbit Systems' headquarters,
Aeroeletronica is a center of excellence for development,
production and logistic support of advanced systems serving
Brazilian as well as other South American customers.
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.
Contacts:
Company Contact:
Joseph Gaspar, Executive VP & CFO
Tel: +972-4-8316663
j.gaspar@elbitsystems.com
Dalia Rosen, VP, Head of Corporate
Communications
Tel: +972-4-8316784
dalia.rosen@elbitsystems.com
Elbit Systems Ltd.
IR Contact:
Ehud Helft
Kenny Green
CCG Investor Relations
Tel: +1-646-201-9246
elbitsystems@ccgisrael.com
SOURCE Elbit Systems Ltd