The Boeing Led Team, Including Elbit Systems' Subsidiary Kollsman, was Awarded the U.S. Strategic Border Initiative Project
September 21 2006 - 1:08PM
PR Newswire (US)
HAIFA, Israel, September 21 /PRNewswire-FirstCall/ -- Elbit Systems
Ltd. (NASDAQ Global Select Market: ESLT) announced today that the
team led by The Boeing Company, in which Kollsman, Inc., an Elbit
Systems of America company, is a team member, has been awarded
today the U.S. Strategic Border Initiative Project (the "SBInet
Project"). The SBInet Project is designed to provide the U.S.
Department of Homeland Security with increased border security
capabilities along more than 6,000 miles of the United States'
borders. Kollsman's content for the SBInet Project is anticipated
to reach a level that will be material to Elbit Systems and will be
performed over a several-year period. SBInet is a significant
credential for the company's homeland security business, according
to Elbit Systems of America President & CEO Tim Taylor, but
there are other, more profound benefits: "U.S. citizens and the
federal government are very concerned about vulnerabilities on the
porous U.S. northern and southern borders. The strategic and
technological strengths we bring to the Boeing SBInet team will
help to restore the safety and security that Americans have known
for so long." About Kollsman Kollsman, Inc., an Elbit Systems of
America Company, headquartered in Merrimack, New Hampshire, is a
leading supplier of avionic equipment, electro-optic systems and
subsystems, vision based solutions and surveillance systems to the
commercial aviation, defense and homeland security markets. 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 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 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: Contacts: 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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