HAIFA, Israel, June 22,
2014 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ and
TASE: ESLT) ("Elbit Systems") announced today that it
was awarded a contract, valued at approximately $20 million, for the supply of upgraded armoured
personnel carriers (APCs) to the Philippines Armed Forces. The
upgrade will include 25 mm unmanned turrets, 12.7 mm remote
controlled weapon stations (RCWS) and fire control systems (FCS)
for 90 mm turrets. The APCs will be supplied over a one-year
period.
The contract marks a significant breakthrough for Elbit Systems,
as it is the first one awarded to the company in the Philippines.
Udi Vered, General Manager of
Elbit Systems' Land and C4I commented: "We are very
pleased to be awarded our first contract for the Philippines Armed
Forces, which we hope will be followed by others. Our extensive
portfolio and our vast experience enable us to offer our customers
advanced solutions, answering the specific requirements of various
combat vehicles, and this award further positions us as world
leaders in the field of ground vehicle upgrades".
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
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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.
Company
Contact:
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IR Contact:
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Joseph Gaspar,
Executive VP & CFO
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Ehud
Helft
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Tel:
+972-4-8316663
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Kenny
Green
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j.gaspar@elbitsystems.com
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CCG
Investor Relations
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Dalia
Rosen,VP, Head of Corporate Communications
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Tel:
1-646-201-9246
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Tel:
+972-4-8316784
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elbitsystems@ccgisrael.com
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dalia.rosen@elbitsystems.com
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Elbit Systems
Ltd.
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SOURCE Elbit Systems Ltd.