HAIFA, Israel, January 15, 2014 /PRNewswire/ --
The new
capabilities will allow the upgraded aircraft to meet international
commercial airspace management standard CNS/ATM
The aircraft will
feature a new digital cockpit, head-up display and radar system
Elbit Systems Ltd. (NASDAQ and TASE:ESLT) ("Elbit
Systems") announced today that it was awarded a contract by the
Israel Ministry of Defense ("IMOD"), valued at approximately
$15 million, to upgrade the Israeli
Air Force's ("IAF") C-130H (Hercules) transport aircraft. The
contract will be performed over a two-year period. Elbit Systems
will supply the IAF with additional C-130H capabilities, as a
follow-on to a previous IMOD contract signed in 2012. The new
capabilities will allow the aircraft to meet the stringent
international CNS/ATM (Communications Navigation and
Surveillance/Air Traffic Management) standard and operate in
commercial airspace.
Yoram Shmuely, Elbit Systems
Aerospace Division's General Manager, commented: "We are proud to
supply the IAF with new capabilities to meet demanding
international standards. We have witnessed a growing demand for
operability of transport aircraft in commercial airspace and trust
that further customers will require similar capabilities for their
transport fleets."
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:
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.
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