HAIFA, Israel, October 6, 2013 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems")
announced today that its wholly owned subsidiary, Elbit Systems
Electro-optics - Elop Ltd. (Elop), was awarded a follow-on contract
to supply its advanced Digital CoMPASS® electro-optical
(EP) payload systems to an Asia-Pacific Air Force to be installed
onboard Helicopters. The contract will be performed over a
three-year period.
Adi Dar, General Manager of Elbit
Systems Electro-Optics Elop, commented: "This important follow on
program reflects the customer's satisfaction from the systems
acquired a number of years ago. Supplying our customers innovative
and cutting edge systems, supported by our vast operational
experience in electro-optic payload systems, positions us as one of
the world's leading EO payloads providers
DCoMPASS® (Digital Compact Multi Purpose
Advanced Stabilized System) is a highly stabilized, low weight,
multi-sensor electro-optical (EO) payload system , providing
solutions for airborne applications (both fixed and
rotary-wing aircraft) as well as for land and naval platforms.
Offering cutting edge optical technology for 24/7 observation with
cutting edge day and night "ISTAR" capabilities (intelligence,
surveillance, target acquisition and reconnaissance),
DCoMPASS® allows optimal use
even in the harshest of weather conditions.
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:
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.
SOURCE Elbit Systems Ltd