HAIFA, Israel, May 18, 2011 /PRNewswire-FirstCall/ -- Elbit
Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems") announced
today that it was awarded a contract to supply an Asian country
with dozens of CoMPASS(TM) (Compact Multi Purpose Advanced
Stabilized System) payloads for maritime patrol aircraft. The Asian
country, which operates one of the largest maritime patrol fleets
in the world, has selected the CoMPASS(TM) payload as a solution to
protect its coastlines. The contract, valued at approximately
$20 million, is scheduled to be
completed within two years.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 )
The CoMPASS(TM) payload, developed and manufactured by Elbit
Systems Electro-optics Elop Ltd. ("Elop"), is already installed
onboard hundreds of platforms including Unmanned Aircraft Systems
(UAS).
Belonging to the 15-inch payload family, the CoMPASS(TM)
includes an advanced thermal imaging system, laser range designator
and a day channel, allowing optimal ISTAR (intelligence,
surveillance, target acquisition and reconnaissance) capabilities
even in adverse weather conditions. The payload, integrated into
the aircraft's mission systems, such as the maritime patrol radar
and the Command and Control systems, provides the crew with
enhanced mission capabilities.
Adi Dar, Elop's General Manager,
commented: "We are proud to be selected to perform this project,
attesting to the customer's satisfaction with the high quality and
performance of our previously supplied systems. Maritime patrol
systems, for both airborne and naval applications, play a vital
role in protecting the coastal shores of many countries around the
world, and we trust that additional countries will follow in
selecting our advanced solutions". Dar also noted: "Due to the
recent increasing demand, Elop has doubled the quantity of payloads
manufactured for integration onboard maritime patrol
platforms."
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