HAIFA, Israel, May 18, 2014 /PRNewswire/ -- Elbit Systems
Ltd. (NASDAQ and TASE:ESLT) ("Elbit Systems") announced today
that its wholly-owned U.S. subsidiary, Elbit Systems of America,
LLC ("Elbit Systems of America"), has been awarded two contracts,
totaling $20.1 million, to support
the U.S. upgrade of the U.S. Marine Corps' Bell AH-1W attack
helicopter fleet.
The first contract, in the amount of $11.6 million, calls for Elbit Systems of America
to provide helmet display tracker system (HDTS) kits on the
aircraft. The HDTS significantly improves flight safety by
providing crew members greater situational awareness with enhanced
night vision, weapons sighting and weapons control capabilities.
The contract will be performed over a two-year period.
The second contract, in the amount of $8.5 million, will add tactical video data link
(TVDL) technology to the helicopters. TVDL provides aircrew
information needed to detect, identify and quickly respond to
threats. The information can be received via on-board sensors or
from external sources such as ground troops or other aircraft. The
contract will be performed over a fifteen months period.
"The HDTS and TVDL are two more technologies Elbit Systems of
America is deploying with the singular end result of saving lives",
said Elbit Systems of America
President and CEO Raanan
Horowitz. "The AH-1W is on the front lines in the battle
against those who wish to harm America. These new technologies give
our Marines capabilities and a level of safety never before
experienced".
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 or
follow us on Twitter.
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
GK Investor
Relations
Tel:
1-646-201-9246
elbitsystems@gkir.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.
Elbit Systems Ltd. , its logo, brand, product, service, and
process names appearing in this Press Release are the trademarks or
service marks of Elbit Systems Ltd. or its affiliated companies.
All other brand, product, service, and process names appearing are
the trademarks of their respective holders. Reference to or
use of a product, service, or process other than those of Elbit
Systems Ltd. does not imply recommendation, approval, affiliation,
or sponsorship of that product, service, or process by Elbit
Systems Ltd. Nothing contained herein shall be construed as
conferring by implication, estoppel, or otherwise any license or
right under any patent, copyright, trademark, or other intellectual
property right of Elbit Systems Ltd. or any third party, except as
expressly granted herein.
SOURCE Elbit Systems Ltd.