FORT WORTH, Texas, December 1, 2011 /PRNewswire/ --
Elbit Systems of America, LLC, ("Elbit Systems of America") a
wholly owned subsidiary of Elbit Systems Ltd., announced today that
it purchased from General Dynamics Armament and Technical Products
("GDATP") its holdings in UAS Dynamics, LLC, ("UAS Dynamics"), a
joint venture established by Elbit Systems of America and GDATP to
provide UAS to the U.S. market, thus making Elbit Systems of
America the sole owner of UAS Dynamics. UAS Dynamics will become
part of Elbit Systems of America's Unmanned Systems business unit
which is responsible for both airborne and seaborne unmanned
systems.
Raanan Horowitz, President and
CEO of Elbit Systems of America, stated: "The integration of UAS
Dynamics with Elbit Systems of America Unmanned Systems business
unit will enable us to pursue opportunities associated with
unmanned technologies and capabilities across multiple domains and
we will continue to look for opportunities to provide the U.S.
warfighters with innovative solutions that meet their diverse
mission needs."
About Elbit Systems of America,
LLC
Elbit Systems of America is a leading provider of high
performance products and system solutions focusing on the
commercial aviation, defense, homeland security, and medical
instrumentation markets.- With facilities throughout
the-United States, Elbit Systems
of America is dedicated to supporting those who contribute daily to
the safety and security of the United
States.- Elbit Systems of America, LLC is wholly owned by
Elbit Systems Ltd. (NASDAQ and TASE: ESLT), a global
electronics company engaged in a wide range of programs for
innovative defense-and commercial-applications. For additional
information, visit: http://www.elbitsystems-us.com.
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.
Trademarks
Elbit Systems of America and other trademarks, service marks and
logos are registered or unregistered marks of Elbit Systems of
America companies in the United
States and in foreign countries. Copyright © 2010
Elbit Systems of America. All rights reserved.
Forward Looking Statement
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.
Contact: Shari Clarkson,
Manager MARCOM - + 1 -
682-286-2363 -
sharon.clarkson@elbitsystems-us.com
SOURCE Elbit Systems of America