HAIFA, Israel, Feb.
4, 2019 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ: ESLT) (TASE:
ESLT) ("Elbit Systems") announced today that its
subsidiary in the U.S., Elbit Systems of America LLC, ("Elbit
Systems of America") was awarded an initial $5 million contract from Support Systems
Associates, Inc. ("SSAI") to provide an avionics refresh for the
U.S. Air National Guard's fixed-wing aircraft used for
Intelligence, Surveillance and Reconnaissance operations – the
RC-26B. If all options are exercised, the total contract would be
valued at $22 million. The program
will be performed by 2021 from San
Antonio, Texas.
The contract with SSAI will include avionics engineering,
design, integration, modification, test and maintenance for the
technically advanced aircraft. Elbit Systems of America, through
type certificate ownership, is the original equipment manufacturer
of the RC-26B aircraft.
Raanan Horowitz, President and
CEO of Elbit Systems of America, said: "The U.S. Air
National Guard can trust Elbit Systems of America to keep their
aircraft mission ready. We are committed to delivering advanced
avionics that modernize the RC-26B aircraft and enhances its
relevance and sustainability."
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.
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
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SOURCE Elbit Systems Ltd