HAIFA, Israel, May 17, 2011 /PRNewswire-FirstCall/ -- Elbit
Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems"), announced
today that it was awarded a contract valued at $32.7 million to supply an Asian army with
advanced training systems for its armor and infantry forces. The
project will be performed over the next three years.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 )
The project comprises driving simulators for various armored
vehicles (tracked and wheeled), and an advanced gunnery and
tactical simulator. The flexibility of the solution allows training
from the individual soldier's level to tactical teams and even
higher hierarchies. The trainees also can configure the training
session to match any combat scenario. To maximize its cost
effectiveness, the system is designed to reuse as much of the
components as possible by applying a "roll in roll out" concept to
both the gunnery as well as the driving simulators. The users are
therefore able to reconfigure the systems with any combination of
turrets they desire. Additional unique capabilities include a smart
scenario generator and large training areas at extremely high
resolution for both open and urban terrains.
Yoram Shmuely, Co-General Manager
of Elbit Systems' Aerospace Division, said: "This is a follow-on
contract to a previous project that was successfully delivered to
this customer, attesting to the satisfaction and belief in our
advanced training and simulation capabilities. This award
reinforces Elbit Systems' position as a world leading supplier of
advanced training systems."
Elbit Systems is the leading supplier of training solutions in
Israel and worldwide and has a
leading position as a proven supplier of live, virtual and
constructive (LVC) solution. Furthermore, Elbit Systems has fielded
joint training solutions that enable its customers to conduct
training of collaboration between different services (Land, Naval
and Air).
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 e-mail: elbitsystems@ccgisrael.com
Communications
Tel: +972-4-8316784
dalia.rosen@elbitsystems.com
Elbit Systems Ltd.
SOURCE Elbit Systems Ltd