HAIFA, Israel, April 2, 2017 /PRNewswire/ -- Elbit Systems
Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems") announced today
that its subsidiary, Elbit Systems of America LLC., ("Elbit Systems
of America") was awarded an Indefinite Delivery/Indefinite Quantity
(ID/IQ) contract for approximately $50
million by the U.S. Navy to provide the Helmet Display and
Tracker System (HDTS) with the Continuously Computed Impact Point
(CCIP) algorithm for the MH-60S. The work will be performed in
Fort Worth Texas, and completed by
June 2021. An initial order of
approximately $14.2 million was
received.
This award represents the Navy's first production order for the
line-of-sight helmet tracking system and the integration of
targeting symbology in the Armed Helicopter Weapon System (AHWS)
for the MH-60S fleet.
"Elbit Systems of America is strategically focused on delivering
capabilities that aircrews can trust to increase mission
effectiveness", said Raanan
Horowitz, president and chief executive officer of Elbit
Systems of America. "The HDTS and CCIP are prime examples of our
advanced display and targeting solutions that give aircrews a
decisive edge during critical missions".
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:
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Company
Contact:
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IR
Contact:
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Joseph Gaspar,
Executive VP &
CFO
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Ehud
Helft
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Tel:
+972-4-8316663
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Gavriel
Frohwein
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j.gaspar@elbitsystems.com
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GK Investor
Relations
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Dalia Rosen,
VP, Head of Corporate
Communications
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Tel:
1-646-688-3559
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Tel:
+972-4-8316784
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elbitsystems@gkir.com
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dalia.rosen@elbitsystems.com
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Elbit Systems
Ltd.
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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.
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visit:http://www.prnewswire.com/news-releases/elbit-systems-subsidiary-in-the-us-receives-an-approximately-50-million-idiq-contract-for-the-supply-of-helmet-display-and-tracking-system-and-continuous-computing-impact-point-mission-processor-to-us-navy-300433089.html
SOURCE Elbit Systems Ltd.