Elbit Systems Awarded Israel Ministry of Defense Order Valued at
Approximately $35 Million to Develop Advanced UAS Features
HAIFA, Israel, Jan. 27,
2013 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ and TASE:
ESLT) (the "Company") announced today that it has received an
approximately $35 million contract
from the Israel Ministry of Defense ("IMOD") for the development of
advanced features for Unmanned Aircraft Systems ("UAS") to be
supplied within three years. One of the mission requirements is the
quick re-configuration of the UAS' payloads.
The contract is in addition to contracts, awarded by the IMOD,
for the supply of Hermes® 900 UAS and
maintenance services that were announced by the Company in
2012.
Elad Aharonson, General Manager
of Elbit Systems' UAS Division, commented: "The IMOD's decision to
award this development contract reflects the trust and recognition
of our technological capabilities and further strengthens our
long-term strategic cooperation with the Israel Defense Forces
("IDF") in the UAS field. The Hermes® 900
is a world-leading UAS, and we are proud of the IMOD's decision to
procure further systems and advanced capabilities."
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: www.elbitsystems.com.
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
e-mail:
elbitsystems@ccgisrael.com
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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.
SOURCE Elbit Systems