HAIFA, Israel, February 8, 2017 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ and TASE:
ESLT) ("Elbit Systems") announced today that it was awarded an
approximately $110 million contract
from an Asia-Pacific country for
the upgrade and maintenance of dozens of Mi-17 helicopters.
The project will be performed over a five-year period.
Elbit Systems has extensive operational experience in
rotary-wing modernization activities, including conversion of
utility and assault helicopters into multi-role platforms,
upgrading existing utility and attack platforms, supplying
cutting-edge systems for latest-generation aircraft and providing
full maintenance and support packages. Elbit Systems has the
flexibility to serve as prime contractor, systems integrator,
component supplier or service contractor in order to meet the needs
of the specific customer. The solutions are tailored to meet
customer demands, whether they are for a single system, large-scale
systems, structural upgrades or maintenance and support.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems,
noted: "We are very pleased to have won this major helicopter
upgrade project and for the opportunity to implement our unique and
innovative avionic solutions. Elbit Systems is a world leader in
the Eastern helicopter upgrade market, having completed and
continuing to perform numerous programs which improve operational
capabilities and facilitate safer flight, night and day. Since the
"aging helicopter" market is growing rapidly and includes numerous
Eastern platforms, we hope other customers will follow the
selection of our modernization 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: 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
Gavriel Frohwein
GK Investor Relations
Tel: 1-646-688-3559
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.
SOURCE Elbit Systems Ltd