Elbit Systems' Subsidiary, Elop, Awarded a Contract to Supply Electronic Land Systems Valued at Approximately $130 Million
September 20 2006 - 12:42PM
PR Newswire (US)
HAIFA, Israel, September 20 /PRNewswire-FirstCall/ -- Elbit Systems
Ltd. (NASDAQ Global Select Market: ESLT) announced today that its
subsidiary, Elbit Systems Electro-Optics Elop Ltd. ("Elop") was
awarded a contract in the amount of approximately $130 million to
develop and manufacture electronic land systems for a foreign
customer. The project includes also logistic support for the
systems and will be performed over several years. About Elbit
Systems Electro-Optics Elop Ltd. Elbit Systems Electro-Optics Elop
Ltd., a subsidiary of Elbit Systems, develops, manufactures,
assembles and tests electro-optic systems and products for a wide
range of applications. In addition to observation and surveillance
stabilized payloads, Elop's main business areas include: remote
sensing - space systems, airborne reconnaissance, ground integrated
sights and robotic systems; laser rangefinders and designators;
thermal imaging; displays; and electro-optics counter-measures.
About Elbit Systems Elbit Systems Ltd. is an international defense
electronics company engaged in a wide range of defense-related
programs throughout the world. The Elbit Systems Group, which
includes the company and its subsidiaries, operates in the areas of
aerospace, land and naval systems, command, control,
communications, computers, intelligence, surveillance and
reconnaissance ("C4ISR"), advanced electro-optic and space
technologies, EW suites, airborne warning systems, ELINT systems,
data links and military communications systems and equipment. The
Group also focuses on the upgrading of existing military platforms
and developing new technologies for defense and homeland security
applications. Contacts Company contact IR Contacts Ilan Pacholder,
Corporate Secretary Ehud Helft/Kenny Green and VP Finance &
Capital Markets Elbit Systems Ltd. GK International Tel: +972-4
-831-6632 Tel: +1-866-704-6710 Fax: +972-4-831- 6659 Fax:
+972-3-607-4711 STATEMENTS IN THIS PRESS RELEASE WHICH ARE NOT
HISTORICAL DATA ARE FORWARD-LOOKING STATEMENTS WHICH INVOLVE KNOWN
AND UNKNOWN RISKS, UNCERTAINTIES OR OTHER FACTORS NOT UNDER THE
COMPANY'S CONTROL, WHICH MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR
ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM THE
RESULTS, PERFORMANCE OR OTHER EXPECTATIONS IMPLIED BY THESE
FORWARD-LOOKING STATEMENTS. THESE FACTORS INCLUDE, BUT ARE NOT
LIMITED TO, THOSE DETAILED IN THE COMPANY'S PERIODIC FILINGS WITH
THE SECURITIES AND EXCHANGE COMMISSION. DATASOURCE: Elbit Systems
Ltd CONTACT: Company contact: Ilan Pacholder, Corporate Secretary
and VP Finance & Capital Markets, Elbit Systems Ltd., Tel:
+972-4-831-6632, Fax: +972-4-831-6659, , IR Contacts, Ehud
Helft/Kenny Green, GK International, Tel: +1-866-704-6710, Fax:
+972-3-607-4711, ,
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