HAIFA, Israel, May 10, 2012 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ and TASE:
ESLT) ("Elbit Systems") announced that its joint venture with
Rockwell Collins, Vision Systems International, LLC (VSI), a leader
in advanced Helmet Mounted Display (HMD) technology, has received a
new contract with a total value of more than $32 million for the delivery of the Joint Helmet
Mounted Cueing System (JHMCS) to The Boeing Company, for the U.S.
Navy and Air Force and Foreign Military Sales (FMS) to include:
Finland, Australia, Belgium, Canada and Switzerland.
Deliveries will commence this year and
continue through 2013.
"JHMCS, our first combat proven helmet,
remains the world's leading helmet display for fixed-wing tactical
aircraft. It is known and respected by fighter-attack pilots around
the world because it enables them to maintain 'eyes out' while
viewing critical information on the helmet visor. JHMCS gives
pilots unparalleled situational awareness, providing them a
significant advantage in both air-to-air and air-to-ground mission
execution," said Phil King,
president of VSI.
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