HAIFA, Israel, April 11, 2011 /PRNewswire-FirstCall/ -- Elbit
Systems Ltd. (NASDAQ and TASE: ESLT) announced that Elbit Systems
of America's recently acquired subsidiary, M7 Aerospace LP ("M7"),
has been awarded a $15.6 million
contract by the Naval Air Systems Command (NAVAIR) in Patuxent River, Maryland to perform Contractor
Logistics Support (CLS) and maintenance for a mixed fleet of seven
RC/EC/C-26D and 12 UC-35C/D utility aircraft. The five-year
contract is for a base year with four one-year renewal options.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 )
Under the terms of the contract, M7 will provide overall program
management and CLS for the RC/EC/C-26D aircraft. This will include
site phase-in at numerous global locations where the aircraft are
based, base-site operations, flight operations material
requirements, scheduled depot level maintenance, rental engines,
unscheduled maintenance, and Original Equipment Manufacturer (OEM)
engineering and technical services, as well as technical
publications.
Elbit Systems of America
President and CEO, Raanan
Horowitz stated: "We are pleased to be selected as a partner
with the United States Navy on this important aircraft platform
support contract. M7 has an extensive legacy in providing
outstanding logistics support to the U.S. Army and U.S. Air Force,
and we look forward to demonstrating our expertise and
professionalism to our U.S. Navy customer."
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