FORT WORTH, Texas, Nov. 21, 2019 /PRNewswire/ -- Elbit Systems
of America is doubling its Semi-Active Laser seeker production
rates to keep up with increasing demand for the Laser Joint Direct
Attack Munition (GBU-54/56). The increase in production rates is
under an existing five-year indefinite delivery/indefinite quantity
contract with Boeing, supporting both domestic and foreign
customers.
The Laser JDAM is capable of targeting static and fast moving
objects. The system does not rely on satellite signals, but
instead, seeks a laser target that is placed by ground forces or an
aircraft. The precision guided munition (PGM) locks on and tracks
the target. Due to the PGM's accuracy and affordability, it's a
critical and affordable weapon of choice for the United States and its international
partners.
"Elbit Systems of America invested in doubling its production
capacity for the Laser Joint Direct Attack Munition seekers because
we recognize how important this solution is to our warfighters,"
said Raanan Horowitz, president and
CEO of Elbit Systems of America. "We're working closely with our
Boeing customer to ensure this significant capability is supplied
as quickly as possible."
The Laser JDAM program was recognized by the Aviation Week
Network and won a Program Excellence Award in October 2018 for Supply Chain Production. Elbit
Systems of America has consistently demonstrated a stellar record
of on-time delivery over the decade it has been supplying the Laser
JDAM seekers to Boeing.
The Laser JDAM is currently operational on nearly all U.S. air
combat platforms, along with many of the aircraft of our country's
allies.
Production of the Laser JDAM seeker is performed at Elbit
Systems of America's manufacturing facility in Fort Worth, Texas.
About Elbit Systems of America, LLC
Elbit Systems of America, headquartered in Fort Worth Texas, 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 and 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 and munitions. 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
682-286-2299
greg.caires@elbitsystems-us.com
Amy Hartley
682-286-2411
amy.hartley@elbitsystems-us.com
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SOURCE Elbit Systems of America, LLC