FORT WORTH, Texas, December 23, 2014 /PRNewswire/ --
Elbit Systems of America, LLC, a subsidiary of Elbit Systems
Ltd., announced today that it received a directed subcontract from
the Brazilian Navy to upgrade four Grumman C-1A aircraft. The prime
contract is held by Marsh Aviation Company of Mesa, Arizona. The subcontract, valued at
$106 million, will be performed by
Elbit Systems of America over a five-year period.
The upgrade work will be performed in San Antonio, Texas, at the facilities of M7
Aerospace, an Elbit Systems of America subsidiary, under the
supervision of Brazilian Navy officers who are currently deployed
to San Antonio. When upgraded, the
Grumman C-1A aircraft will be designated as KC-2 COD/AAR (Carrier
Onboard Delivery/Air-to-Air Refueling) aircraft, for the ultimate
use on the Brazilian Navy's aircraft carrier, the NAe São Paulo.
AEL Sistemas S.A., Elbit Systems' Brazilian subsidiary, located in
Porto Alegre, Brazil, will provide
in-country contractor logistic support services for the program as
a subcontractor to Elbit Systems of America.
"We are pleased to upgrade the Brazilian Navy's aircraft,"
commented Elbit Systems of America's President and Chief Executive
Officer Raanan Horowitz. "We built a
solid reputation of meeting commitments to our customers, and with
the successful execution of this overhaul and modernization program
we will be able to assist in enhancing the capabilities of the
Brazilian Navy."
The Grumman C-1A upgrade will include aircraft return to
service, engine replacement, installation and integration of new
avionics (Glass Cockpit), new communication and ECS systems and
air-to-air refueling capabilities.
"As an OEM and type certificate owner of twin-engine, fixed wing
aircraft, we have the expertise to maintain transport and special
mission aircraft," continued Horowitz. "Our process-driven
solutions, including aircraft maintenance, modification and
engineering support, are tailored to meet the unique requirements
of the end-user. Through similar contractor logistic support
efforts, our experienced workforce has sustained military platforms
for over 20 years in the United
States and globally with field and depot maintenance
services, helping to keep the pilots in the air to complete their
missions."
About Elbit Systems of America, LLC
Elbit Systems of America is a leading provider of high
performance products, system solutions, and support services
focusing on the commercial aviation, defense, homeland security,
cyber security, and medical instrumentation markets. With
facilities throughout the United States, Elbit Systems of
America is dedicated to supporting those who contribute daily to
the safety and security of the United
States. Elbit Systems of America, LLC is wholly owned by
Elbit Systems Ltd. (NASDAQ and TASE: ESLT), a global electronics
company engaged in a wide range of programs for innovative
defense and commercial applications. For additional
information, visit: http://www.elbitsystems-us.com or follow us on
Twitter.
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.
Trademarks
Elbit Systems of America and other trademarks, service marks and
logos are registered or unregistered marks of Elbit Systems of
America companies in the United
States and in foreign countries. Copyright © 2014 Elbit
Systems of America. All rights reserved.
Forward Looking Statement
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.
Contact: Shari Clarkson | +1-682-286-2363 |
sharon.clarkson@elbitsystems-us.com
SOURCE Elbit Systems of America