SAN ANTONIO, Texas,
April 11, 2011 /PRNewswire-FirstCall/
-- Elbit Systems of America, LLC, a wholly-owned subsidiary of
Elbit Systems Ltd. announced that its 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/20080408/300488 )
Under the terms of the contract, M7 Aerospace 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.
The C-26D is a military version of a Fairchild Metro regional airliner, originally
built by Fairchild Aircraft. M7 is the OEM for the C-26. RC and EC
versions of the aircraft are equipped for special electronic
missions. The UC-35C/D is a military version of the Cessna Citation
560 business jet.
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 new U.S. Navy customer."
M7, based in San Antonio,
Texas, is an integrated service company offering a full
suite of aviation services. M7 offers an integrated services
solution approach to its government and commercial customers,
crossing traditional market boundaries. M7 Aerospace operates its
FAA Part 145 Repair Station at the same facility with full
maintenance and repair capabilities for the Shorts series and other
regional airlines aircraft, including letter checks, heavy
maintenance and wheel and brake overhaul capabilities.
About Elbit Systems of America, LLC
Elbit Systems of America is a leading provider of high
performance products and system solutions focusing on the
commercial aviation, defense, homeland security and medical
instrumentation markets. With facilities throughout the United States, Elbit Systems of America is
dedicated to supporting those who contribute daily to the safety
and security of the United States.
Elbit Systems of America, LLC is wholly owned by Elbit Systems Ltd.
(NASDAQ and TASE: ESLT), a global electronics company engaged in a
wide range of programs for innovative defense and commercial
applications.
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.
Trademarks
Elbit Systems of America and other trademarks, service marks and
logos are registered or unregistered marks of Elbit Systems of
America companies in the United
States and in foreign countries. Copyright (c) 2011 Elbit
Systems of America. All rights reserved.
Forward Looking Statement
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.
Contact:
Tarrah Ledoux, +1-603-886-2269,
tarrah.ledoux@elbitsystems-us.com
SOURCE Elbit Systems of America