HAIFA, Israel, November 1, 2018 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ:
ESLT) (TASE: ESLT) ("Elbit Systems")
announced today that it was awarded a framework contract to provide
maritime Unmanned Aircraft System (UAS) patrol services to be
provided by the European Maritime Safety Agency (EMSA) to countries
in the European Union. The contract that will be executed in
cooperation with CEiiA is for a two-year base period and two single
year option periods. If fully ordered, the total contract value is
€59 million (approximately $68
million).
Under the contract and in cooperation with CEiiA, a leading
engineering company in Portugal,
Elbit Systems will lease and operate its
Hermes[TM] 900 Maritime Patrol and
its Ground Control Station. A persistent long-range unmanned
maritime surveillance system tailored for littoral and blue water
operations, the Hermes 900 Maritime Patrol will feature maritime
radar, an Electro Optic payload, Satellite Communication and an
Automatic Identification System (AIS) receiver. Thus configured,
the Hermes 900 Maritime Patrol will enable persistent monitoring of
vast swathes of sea and long coastlines and effective
identification of suspicious activities and potential hazards.
Elad Aharonson, General
Manager of Elbit Systems ISTAR Division, commented: "Having
been selected by the European Union authorities is yet another vote
of confidence in the Hermes 900 by following additional contract
awards for this UAS in Europe,
Asia Pacific, Latin America and Israel. Extensively deployed, the Hermes 900
family of UAS continuously expands its capabilities introducing the
capability to operate in civilian airspace and integrating
self-protection suites and stronger payloads."
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://elbitsystems.com,
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Channel.
About CEiiA
CEiiA is a Portuguese Centre of Engineering and Product
Development that designs, implements and operates innovative
products and services, alongside with its partners, for high-tech
industries, such as, the aeronautics, unmanned aircraft systems,
automotive, smart mobility, oceans and space. CEiiA offers complete
solutions, covering all product development phases from concept to
the production of small series or prototypes, and operation of
intelligent systems and unmanned aircraft systems. CEiiA's Vision
is to "Establish Portugal as a reference within the mobility
industries, particularly in the development of technologies,
products and systems, conceived, industrialized and operated from
Portugal."
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:
David Vaaknin
VP, Head of Corporate Communications
Tel: 972-77-2946691
Cell: 972-52-8000403
david.vaaknin@elbitsystems.com
Dana Tal-Noyman
Manager Corporate Communications & Digital
Tel: 972-77-2948809
Cell: 972-54-9998809
dana.tal@elbitsystems.com
SOURCE Elbit Systems Ltd.