HAIFA, Israel, Dec. 22, 2013 /PRNewswire/ -- Elbit
Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems")
announced today that the Australian Department of Defence has
exercised options for additional quantities under an extant
contract via a contract change, and also engaged Elbit Systems to
conduct a Risk Reduction Activity via a survey and quote under the
terms of an extant contract. The total value of both activities is
approximately US$229 million
(excluding GST). The contract will be performed over a three-year
period.
Elbit Systems is the prime contractor of the Australian Defence
Forces' ("ADF") Battle Management Systems.
The project, to be performed primarily by Elbit Systems of
Australia (ELSA), will support the
Australian Army in achieving its digitisation objectives.
Bezhalel (Butzi) Machlis, President and CEO of Elbit
Systems commented: "Australia
is a very important market for Elbit Systems, and we are proud to
be awarded these follow-on orders." Machlis added:
"Elbit Systems is a global leading supplier of tactical Battle
Management Systems, which are in operational use in dozens of armed
forces worldwide, and we take great satisfaction in this new
Australian vote of confidence."
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, signal intelligence ("SIGINT") systems, data
links and 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,
including training and simulation systems.
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
elbitsystems@ccgisrael.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.
SOURCE Elbit Systems Ltd.