HAIFA, Israel, April 29, 2013 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ and TASE: ESLT)
("Elbit Systems") announced today that AEL International Ltd., a
subsidiary of AEL Sistemas S.A., which is a Brazilian subsidiary of
Elbit Systems, was awarded a contract to supply electro-optic
observation systems to Savis Tecnologia e Sistemas S.A, a
subsidiary of Embraer Defesa & Segurança S.A., wholly-owned by
Embraer S.A. (NYSE: ERJ; BM&FBOVESPA: BR3). The contract value
is in an amount that is not material to Elbit Systems.
The electro-optic systems will be supplied within a year,
starting in 2014, as part of the first phase of the Brazilian
multi-year "Sisfron" Integrated Border Monitoring System.
In addition, as part of the program, Elbit Systems will be
making investments in Brazil in
terms of assets, infrastructure and know-how in optronics.
Mr. Bezhalel (Butzi) Machlis, Elbit Systems' President and CEO,
commented: "We see great importance in this award, marking a
breakthrough for our electro-optic activities in Brazil, which is a significant market for
Elbit Systems. Sisfron is a global leading and very unique border
security project, and we are very proud to be involved in it. This
is yet an additional opportunity for our Brazilian companies to
provide our advanced technologies, this time in the field of
observation, in Brazil, a country
that values unique, cutting edge technology in every field of
operation."
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