HAIFA, Israel, December 16, 2015 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ and
TASE:ESLT) ("Elbit Systems") announced today that it was
awarded a contract to supply commercial multi-spectral infrared
countermeasures (C-MUSIC™) systems to be implemented onboard a wide
body jet aircraft of a country in the Asia-Pacific region. The contract, valued at
approximately $26.5 million, will be
performed over a two-year period.
Based on Elbit Systems' MUSIC family of Directed Infrared
Countermeasure (DIRCM) systems for fixed-wing aircraft and
helicopters, C-MUSIC is an advanced countermeasure system that uses
advanced fiber laser-directed infrared countermeasure technology to
protect mid to large size airliners against heat-seeking
shoulder-fired surface-to-air missiles, also known as man portable
air defense systems (MANPADs).
Elbit Systems MUSIC family of DIRCM system integrated with the
advanced Passive Airborne Warning System (PAWS) IR based missile
warning system has undergone extensive testing with very successful
results. Recently Elbit Systems, in cooperation with Airbus
Military, participated in a North Atlantic Treaty Organization
(NATO) testing one of the MUSIC family of DIRCM systems with
excellent results. The MUSIC family of DIRCM systems is used by
many customers worldwide on a wide range of small, medium and large
aircraft platforms.
"This contract is another major milestone for Elbit Systems,
providing evidence of the high quality and reliability of our DIRCM
Systems", said Elad Aharonson, General Manager of Elbit
Systems ISTAR Division. "We are proud to have been chosen by
another customer in the Asia-Pacific region, which is an important
market for us. C-MUSIC provides effective self-protection against
IR-seeking weapons that pose a growing threat for aviation, as the
proliferation and capabilities of MANPADs continue to advance. We
hope more customers will follow in choosing our cutting-edge DIRCM
solutions."
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: http://www.elbitsystems.com,
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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.
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