HAIFA, Israel, January 3, 2017 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ and TASE:
ESLT) ("Elbit Systems") announced today that it was awarded two
contracts from Rafael Advanced Defense Systems Ltd. for the supply
of airborne laser designators, in a total value of approximately
$35 million. The contracts will be
performed over a three-year period and systems will be supplied by
Rafael to two countries in the Asia-Pacific region.
Elbit Systems' laser designators have been in the forefront
technologically and operationally for over three decades. Elbit
Systems' designators are based on cutting-edge technology, with
specific focus on optimizing size, weight and power (SWaP), thus
providing the optimal solution for ground and airborne systems
alike.
Significant technological investments, as well as a large scale
production infrastructure have enabled Elbit Systems to become a
world leader in the field of lasers in general and laser
designators in particular, with thousands of designators
operational worldwide. The miniaturized laser systems provide
aircrews with force multiplying capabilities, for a precise target
designation and a rapid closure of the sensor to shooter cycle.
Elad Aharonson, General Manager
of Elbit Systems' ISTAR Division said:"Elbit Systems has years of
experience in developing advanced electro optic systems including
highly accurate and powerful laser designators in particular. The
awarded contracts reaffirm Elbit Systems' commitment to the
Asia-Pacific market and to its
investments in local industries".
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.
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