HAIFA, Israel, May 28, 2014 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ and TASE:ESLT) ("Elbit
Systems") announced today that it was awarded a contract to supply
systems in an amount of $133 million
for Homeland Security (HLS) applications to a customer in the Latin
American region. The systems are based on highly advanced and
unique technologies, including command, control and intelligence
capabilities to be operated via dedicated control centers intended
to play a major role in fighting crime, preventing violence and
improving citizens' safety and security. The contract will be
performed over a one-year period.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems
commented: "We are proud of this additional contract award,
demonstrating our unique ability to offer our customers a broad and
comprehensive solution based on capabilities that cross our
company." Machlis added: "This award is another significant
milestone for Elbit Systems in the HLS field, in which we are
witnessing a growing demand worldwide. Our technological edge and
vast operational experience in command and control missions for
defense applications position us as market leaders for HLS
projects."
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.
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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.
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.
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
SOURCE Elbit Systems Ltd