FORT WORTH, Texas, Feb. 4, 2019 /PRNewswire/ -- M7 Aerospace LLC, a
subsidiary of Elbit Systems of America, was awarded an initial
$5 million order on a sub-contract
from Support Systems Associates, Inc. ("SSAI") to provide an
avionics refresh for the U.S. Air National Guard's premier
fixed-wing aircraft used for Intelligence, Surveillance and
Reconnaissance operations – the RC-26B. If all options are ordered,
the total sub-contract would be valued at $22 million. M7 Aerospace will complete the work
by 2021 out of its San Antonio,
Texas facility.
The contract with SSAI will include avionics engineering,
design, integration, modification, test and maintenance for the
technically advanced aircraft.
"The U.S. Air National Guard can trust Elbit Systems of America
to keep their aircraft mission ready," said Raanan Horowitz, president and CEO of Elbit
Systems of America. "We are committed to delivering advanced
avionics that modernize the RC-26B aircraft and enhance its
relevance and sustainability."
M7 Aerospace, through type certificate ownership, is the
original equipment manufacturer of the RC-26B aircraft.
For a quarter of a century, employees of Elbit Systems of
America have been entrusted with performing high-quality work
knowing that it protects and saves lives. In addition to providing
advanced electro-optical and precision targeting solutions, the
company also provides situational awareness and information fusion
capabilities for our nation's military and commercial pilots and
border patrol agents; sustainment and support solutions for
aircraft and ground vehicles; and life-saving medical
instrumentation technologies.
About Elbit Systems of America, LLC
Elbit Systems of America is a leading provider of high
performance products, system solutions, and support services
focusing on the defense, homeland security, commercial aviation,
and medical instrumentation markets. With facilities
throughout the United States, Elbit Systems of America is
dedicated to supporting those who contribute daily to the safety
and security of the United States. Elbit Systems of America,
LLC is wholly owned by Elbit Systems Ltd. (NASDAQ: ESLT) (TASE:
ESLT), a global high technology company engaged in a wide range of
programs for innovative defense and
commercial applications. For additional information, visit:
www.ElbitAmerica.com or follow us on Twitter.
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 or
follow us on Twitter.
Trademarks
Elbit Systems of America and other trademarks, service marks and
logos are registered or unregistered marks of Elbit Systems of
America companies in the United
States and in foreign countries. Copyright ©2019 Elbit
Systems of America. All rights reserved.
Forward Looking Statement
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.
Media Contacts:
Greg Caires | +1-682-286-2299 |
greg.caires@elbitsystems-us.com
Amy Hartley | +1-682-286-2411|
amy.hartley@elbitsystems-us.com
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SOURCE Elbit Systems of America, LLC