HAIFA, Israel, March 1, 2011 /PRNewswire-FirstCall/ -- Elbit
Systems Ltd. (NASDAQ and TASE: ESLT) announced today that its
wholly-owned U.S. subsidiary, Elbit Systems of America, LLC, was
awarded a $12.75 million delivery
order for Integrated Helmet and Display Sight System (IHADSS)
spares from the U.S. Army Tank-Automotive and Armaments Command
(TACOM), in Rock Island, Illinois.
Work on this contract will be performed in Fort Worth, Texas.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 )
This delivery order was issued pursuant to an Indefinite
Delivery/Indefinite Quantity (IDIQ) contract awarded to Elbit
Systems of America, under which a total of more than $50 million in delivery orders have been issued
to date.
The IHADSS system supports the Apache AH-64 attack helicopter
mission by providing an advanced helmet mounted display and
sighting system that provides heads up display and accurate line of
sight to the pilot and co-pilot. Its capabilities and ease of use
have resulted in a solid history of reliability, crew safety and
mission success.
Elbit Systems of America
President and CEO, Raanan
Horowitz commented: "Elbit Systems of America is pleased to
provide continued support to the Apache helicopter team. We
appreciate the confidence placed by the U.S. Army in our quality
and on-time delivery track record on the Apache IHADSS
program."
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