HAIFA, Israel, January 7, 2019 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ: ESLT) and (TASE: ESLT)
("Elbit Systems" or "the Company") announced today that it was
awarded a $15 million contract from
Energean Israel Ltd. ("Energean"), a subsidiary of Energean Oil and
Gas plc (LSE and TASE: ENOG), to supply a comprehensive solution
for the Floating Production Storage and Offloading (FPSO) platform
of the offshore Karish-Tanin gas fields. The contract will be
performed over an approximately two-year period, with warranty and
logistic support continuing for an additional 10 years.
The technological suite to be supplied by the Company's
subsidiary, Elbit Security Systems Ltd., (ELSEC), includes a wide
range of sensors, among them electro-optic systems, radars, sonars,
a command and control center as well as equipping rapid
interception boats with a dedicated suite of sensors. The security
solution will enable to detect and identify both surface and
underwater threats and will assist security teams to respond
efficiently.
Elad Aharonson, General
Manager of Elbit Systems ISTAR Division, commented: "Providing
security to assets located in countries' exclusive economic zones
demands sophisticated technological and operational capabilities.
Having been selected by Energean to provide the security suite for
their Karish-Tanin gas fields' FPSO platform, is a testament
to our competitive advantage in this area."
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.
Contacts:
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 Ltd.