HAIFA, Israel, October 26, 2011 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ and TASE: ESLT)
announced today that its Brazilian subsidiary, AEL Sistemas S.A.
("AEL"), was awarded by a subsidiary of EMBRAER S.A., EMBRAER
Defense and Security, development contracts to provide three
additional systems, valued at $25
million for the new KC-390 military transport and refuel
jet: Self-Protection Suite (SPS); Directional Infrared
Countermeasures (DIRCM); and pilot orientation Head-Up Display
(HUD). This selection is in addition to the earlier selection of
AEL as the provider of the mission computer for the new jet.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 )
EMBRAER is developing the KC-390 under contract with the
Brazilian Air Force. With the initial test flights planned for
2014, the initial delivery of KC-390 planned for 2016.
Shlomo Erez, AEL's President,
commented: "We are very proud to have been selected to provide
EMBRAER's KC-390 with our cutting edge technological systems - the
SPS, DIRCM and HUD - in addition to the mission computer that has
already been selected. This selection attests to AEL's relevance to
the most advanced aircraft industries, and we are pleased to have
this opportunity to share our know-how and proven experience with
our partner, EMBRAER."
"The KC-390 is being projected to operate all over the world,
under several conditions, with the same outstanding performance",
said Eduardo Bonini Santos Pinto,
Operations Vice-President and COO, EMBRAER Defense and Security.
"The selection of the main suppliers is a extremely relevant
process to achieve our commitment with Brazilian Air Force, in
making KC-390 an aircraft of the highest technological standard,
without similar in the market, and a product that will add
significant value to Brazil."
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