HAIFA, Israel, January 15, 2015 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ and TASE :ESLT) ("Elbit
Systems") announced today that it was awarded Israeli Ministry of
Defense (IMOD) contracts, in a total amount of approximately
$117 million, for the supply of
Command, Control, Computer, Communications and Intelligence (C4I)
systems and communications systems. Most of the contracts will be
performed over a six-year period.
According to the contracts, Elbit Systems will develop the next
generation of Digital Army Project (DAP), a master program that
computerizes all operations in the land forces, connecting all
field and command echelons into a central data transfer network.
Elbit Systems will also develop, upgrade and supply
communications systems and wide band radio systems, and will
provide logistic support and maintenance for these systems.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems
commented: "The new contracts attest to the customer's satisfaction
from our systems' past performance. Being awarded contracts for
next generation DAP and communications systems, based on advanced
Command and Control and communications capabilities, further
strengthens our position as world leaders in this field."
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
GK Investor Relations
Tel: +1-646-201-9246
elbitsystems@gkir.com
SOURCE Elbit Systems Ltd