Elbit Systems U.S. Subsidiary Selected for Award to Provide the
U.S. Army with Skylark® I LE, Block 2
HAIFA, Israel, January 16, 2013 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ and TASE:ESLT) ("Elbit
Systems") announced today that Elbit Systems of America, LLC, a
wholly-owned subsidiary of Elbit Systems, has been selected for
award by the U.S. Army ACC-APG, Natick Contracting Division on
behalf of the Small Unmanned Aircraft System (SUAS) Product
Office.
Elbit Systems of America was selected with four other companies
to provide the full spectrum of SUAS products.
The scope of the award includes providing support and capability
upgrades to current systems fielded by the U.S. Army including the
RQ-11B Raven and the RQ-20A Puma. In addition, the customer has the
option to procure from Elbit Systems of America the Skylark® I-LE
Block II as an alternative Medium and Long-Range SUAS to meet
anticipated future requirements.
Although this is a selection for award, the customer has no
definitive purchasing obligation. The total aggregate potential
value of all delivery orders to be awarded to all five companies
under this award is $248M.
"The innovative solutions found in the Skylark®
I-LE Block II offer more mission flexibility, enabling the Skylark
to fly higher without degradation of imagery. These discriminating
capabilities are designed to meet the military challenges of today
and in the future," stated Elbit Systems of America President and CEO, Raanan Horowitz. "Our mission is to provide
solutions that protect and save lives. The Skylark® I-LE
Block II is designed to meet the needs of our warfighters so they
may successfully complete their missions."
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