HAIFA, Israel, May 30, 2012 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems")
announced today that it was awarded a follow-on contract by the
Israel Ministry of Defense ("IMOD") Procurement Administration,
valued at approximately $30 million,
to integrate the F-15 array into the Mission Training Center
("MTC") Elbit Systems is establishing for the Israeli Air Force
("IAF"). The contract will be performed over fifteen years.
Elbit Systems was previously awarded a contract by the IMOD to
establish the F-16 training center for the IAF, through a PFI
(Private Finance Initiative) program. The new follow-on contract
for the integration of the F-15 array will enable the IAF fighter
aircraft array to perform joint mission training in operational
flights and formation, as well as to perform joint training with
other armed forces.
The MTC marks a significant breakthrough in the operational
training sector as it enables training in various mission
scenarios, in varying war zones and in the relevant threat
environment of each war zone, providing a new training capability
which has not yet been available to the IAF.
Yoram Shmueli, Co-General Manager
of Elbit Systems' Aerospace Division, noted: "The inclusion of the
F-15 array in the MTC attests to the IMOD and the IAF's
satisfaction with the significant progress achieved in the
establishment of the center. The Mission Training System was
developed based upon an understanding of the modern combat
doctrines, operating multiple forces, therefore requiring
joint-force training of the various forces. We are proud to have
been selected by the IMOD and we trust that our extensive
experience in the training field for air, land and sea, as well as
our systemic understanding and vast experience in operating PFI
projects, will provide the IMOD and the IDF with the ultimate
solution for training fighter pilots."
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.
Contacts:
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.
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