HAIFA, Israel, December 20, 2017 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT)
("Elbit Systems") announced today that its subsidiary, Elbit
Systems of America LLC ("ESA"), through its wholly-owned subsidiary
M7 Aerospace LP ("M7 Aerospace"), was awarded a contract from
DynCorp International Inc. to provide Life Cycle Contractor Support
(LCCS) for the U.S. Army's C-26 and UC-35 aircraft fleet. The award
is for a one-year base period of up to $25
million and additional five single year option periods. If
all options are exercised, the total contract value will be up to
$176 million. Services will be
managed in San Antonio, Texas.
This contract reinforces ESA's U.S. market position as a leading
provider of life-cycle support for aircraft and ground platforms.
ESA offers a full range of reliable sustainment and support
solutions. These include contractor logistics support (CLS) and
engineering, maintenance, repair and overhaul (MRO) services. ESA
has a 25-year history of providing support to U.S. military
customers while M7 Aerospace consistently earns exceptionally high
mission capable ratings on its CLS programs.
"ESA is a trusted, proven supplier of sustainment and support
solutions for many U.S aircraft and land vehicles," said
Raanan Horowitz,
President and CEO of Elbit Systems of
America. "We bring a commitment to listen and work closely with
our customers and then deliver exceptional turn-key logistics
solutions to support their 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: http://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.
Company Contact:
Joseph Gaspar
Executive VP & CFO
Tel: +972-4-8316663
j.gaspar@elbitsystems.com
David Vaaknin
VP, Head of Corporate Communications
Tel: +972-77-2946691
david.vaaknin@elbitsystems.com
IR Contact:
Ehud Helft
Gavriel Frohwein
GK Investor Relations
Tel: 1-646-688-3559
elbitsystems@gkir.com
SOURCE Elbit Systems