HAIFA, Israel, Feb. 5, 2014 /PRNewswire/ -- Elbit
Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems")
announced today that it was awarded an Israeli Ministry of Defense
contract, in the amount of approximately $23 million, for the operation and maintenance of
its ground simulators in use by the Israeli Ground Forces. The
contract will be performed over a five-year period.
The contract includes a variety of simulators, both fixed and
mobile, dedicated to training for tanks, armored combat
vehicles, driving simulators, intelligence training and other
applications.
Elbit Systems is an acknowledged leader in the field of training
and simulation, building on over three decades of experience,
covering a full spectrum of missions in the areas of air, ground,
sea, intelligence and others. The growing demand for the supply of
training systems, together with increased requests to operate and
maintain these systems through outsourcing, enhances training and
simulation as an Elbit Systems' growth engine.
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
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.
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IR
Contact:
Ehud
Helft Kenny Green CCG Investor
Relations Tel: 1-646-201-9246
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 Ltd.