HAIFA, Israel, Sept. 6, 2015 /PRNewswire/ -- Elbit
Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems"),
announced today that it was awarded a contract from a European
country to supply an Unmanned Aircraft System (UAS)-based
cutting-edge intelligence solution. Valued at approximately
$78 million, the contract will be
performed over a two-year period by Elbit Systems' ISTAR
Division, established several months ago, as a result of
combining Elbit Systems' Electro-optics – Elop and UAS
Divisions.
Elbit Systems' solution will consist, among other elements, of
AMPS (Advanced Multi-Sensor Payload System) - a multi-sensor
electro-optics system capable of long-range visual intelligence for
both day and night. The system is adaptable for a large variety of
airborne applications and serves as an important building block for
the integrated intelligence solution.
Elad Aharonson, General Manager of Elbit Systems ISTAR
Division commented: "We are proud of this contract award to supply
a solution that answers the current and future requirements of the
high level intelligence systems' market. We develop and tailor
end-to-end solutions that meet the demands and specific
expectations of our customers. I believe that our systematic
capabilities, that enable an optimal integration between UAS and
our intelligence systems, will enhance our position as a world
leader in ISTAR activities resulting in further achievements in the
international market."
About Elbit Systems
Elbit
Systems Ltd. is an international high technology company engaged in
a wide range of defense, homeland security and commercial 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, advanced electro-optics, electro-optic space
systems, EW suites, signal intelligence systems, data links and
communications systems, radios and cyber-based systems. The
Company also focuses on the upgrading of existing platforms,
developing new technologies for defense, homeland security and
commercial applications and providing a range of support services,
including training and simulation systems.
For additional information, visit: www.elbitsystems.com, follow
us on Twitter or visit our official Youtube Channel
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
|
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.
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SOURCE Elbit Systems Ltd.