HAIFA, Israel, October 29, 2014 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ and TASE :ESLT) ("Elbit
Systems") announced today that it was awarded a contract by
Rheinmetall Canada Inc. to provide ELSAT 2100 Satellite-on-the-Move
(SOTM) systems for use by the Canadian Armed Forces. The contract
value, which is in an amount that is not material to Elbit Systems,
will be performed over an 18-month period.
The ELSAT 2100 SOTM system allows high data
rate broadband capabilities at a cost effective price. It
can be installed on a variety of platforms and is unique in its low
profile and small footprint. As part of this new solution, Elbit
Systems offers a compact low profile SOTM antenna system that
provides broadband communication in Ku, X and Ka frequency bands
anywhere, anytime, while using military and commercial satellites,
including the United States Department of Defense (DoD) Wideband
Global SATCOM (WGS) satellites network which is accessible to only
a few companies in the world.
Yehuda (Udi) Vered, General
Manager of Elbit Systems Land and C4I Division, commented: "The
SOTM contract is an important milestone in our satellite
communication activity. The Canadian Armed Forces are
technologically advanced and innovative, and I trust that
additional customers will follow and select our systems. The modern
battlefield requires very reliable, high data rate capabilities to
be provided to numerous users simultaneously and in often adverse
weather conditions. Our SOTM communication solution meets these
rigorous requirements".
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
or follow us on Twitter.
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
CCG Investor Relations
Tel: 1-646-201-9246
elbitsystems@ccgisrael.com
SOURCE Elbit Systems Ltd