HAIFA, Israel, May 11, 2011 /PRNewswire-FirstCall/ -- Elbit
Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems") announced
today that it has been awarded a contract for the establishment of
a Helicopter Pilot Training Center for Macedonia's Defense and Security Forces. The
project, valued at EUR43 million,
will be operated under a PFI (Private Financing Initiative)
concept, in which Elbit Systems will provide a comprehensive
solution, including the setting up of the training center,
acquisition of aircraft, supply of full mission simulators and
operation of the center for a period of eight years. The Pilot
Training Center will prepare and qualify new pilots for the
Macedonian Defense and Security forces, as well as provide training
of active pilots.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 )
Yoram Shmuely, Co-General Manager
of Elbit Systems' Aerospace Division, said: "We are very proud to
have been chosen for this project, which attests to the customer's
trust in us, following many years of cooperation. Outsourcing in
the areas of training, professional qualification and pilot
training centers is growing worldwide and we hope that the
significant experience and prestige that we have acquired in this
area, both with the Israel Defense Forces and with other
distinguished customers, will bring additional projects
worldwide."
Elbit Systems, an acknowledged leader in the field of training
and simulation, builds on over three decades of experience and
offers comprehensive solutions that have the unique advantage of
being based on actual, operational systems it develops,
manufactures and supplies.
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: IR Contact:
Joseph Gaspar, Executive VP & CFO Ehud Helft
Tel: +972-4-8316663 Kenny Green
j.gaspar@elbitsystems.com CCG Investor Relations
Tel: +1-646-201-9246
Dalia Rosen, VP, Head of Corporate elbitsystems@ccgisrael.com
Communications
Tel: +972-4-8316784
dalia.rosen@elbitsystems.com
Elbit Systems Ltd.
SOURCE Elbit Systems Ltd