Elbit Systems Awarded $65 Million Contract to Supply
Comprehensive SAR Solution to an Asian-Pacific Country
Haifa, Israel, March 14, 2018 – Elbit Systems Ltd. (NASDAQ: ESLT and TASE: ESLT)
("Elbit Systems" or "the Company") announced today that it was awarded a $65 million contract by an Asian-Pacific country to provide a comprehensive Search and Rescue (SAR) solution. The project will be performed over a three-year period.
Under the contract, and as part of Elbit Systems' comprehensive airborne radio communication solutions portfolio, the Company will install Airborne Locator Systems (ALS) and Emergency Locator Transmitters (ELTs) onboard various mission aircraft and rotorcraft platforms in use by the customer's Air Force, Army and Navy, and will also supply thousands of Personal Survival Radio (PSR) systems.
Yehuda (Udi) Vered, General Manager of Elbit Systems Land and C4I, said
: "We are pleased with this contract award to supply a comprehensive SAR solution, attesting to the maturity of our systems and to our market leadership. Based on our vast portfolio of Radio and Communication solutions, already operational with dozens of armed forces worldwide, we are able to provide a technological edge, and we hope that additional customers will follow in selecting our unique SAR systems as their solution of choice."
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.
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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
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David.Vaaknin@elbitsystems.com
Elbit Systems Ltd.
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IR Contact
:
Ehud Helft
Kenny Green
GK Investor Relations
Tel: 1-646-201-9246
elbitsystems@gkir.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.
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