HAIFA, Israel, October 10, 2011 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ and TASE: ESLT)
("ESLT") announced today that its subsidiary in the U.S., Elbit
Systems of America, LLC. ("Elbit Systems of America"), has been
awarded a five-year, $23 million
Indefinite Delivery/Indefinite Quantity (IDIQ) National Maintenance
Contract by the US Army Communications-Electronics Command (CECOM),
for depot level repair services on Elbit Systems of America's
Aviator's Night Vision Imaging System Head Up Display (HUD) System
(ANVIS/HUD®).
(Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 )
The contract is a follow - on to a previous IDIQ contract for
depot level repair services on the ANVIS/HUD®. Work will be
performed by Elbit Systems of America in Talladega, Alabama and is expected to be
completed in 2016.
Elbit Systems of America, President and Chief Executive Officer,
Raanan Horowitz commented: "This
follow-on contract is evidence of our commitment to provide
exceptional life-cycle management services in support of mission
readiness requirements. We are proud to offer leading solutions and
support for our ANVIS/HUD® and many other systems through our
Repair Center of Excellence. This agreement reinforces our strong
relationship with the Army and we look forward to our continued
partnership".
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