Elbit Systems Awarded Israel Ministry of Defense Contracts to
Supply Various Systems for a Total Amount of Approximately $315
Million
HAIFA, Israel, December 31, 2012 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ and TASE:ESLT) ("Elbit
Systems") announced today that it was awarded various contracts by
the Israel Ministry of Defense ("IMOD"), in a number of fields of
activity for a total value of approximately $315 million.
The contracts relate to the following areas:
Avionics Systems:
battle management systems ("BMS") and avionics for helicopters,
virtual training for the Israeli Air Force's ("IAF") fighter
aircraft array and operation and maintenance services for the IAF's
Flight Academy, in a total of approximately $75 million, covering deliveries over a six-year
period.
Unmanned Systems:
Hermes® 900 Unmanned Aircraft Systems ("UAS") to be
supplied within three years, as well as maintenance services for
UAS over a period of eight years, in a total value of approximately
$90 million.
Electronic Warfare (EW) Systems: systems
for F-15 and F-16 fighter aircraft and for the Navy's Missile
Vessels, in a total amount of approximately $90 million, for supply over the next four years.
Electro-Optic Systems:
advanced observation and long-range target acquisition systems, in
an amount of approximately $25
million, to be supplied over a three-year period.
Land Systems: Cardom electronic and mortar
artillery systems, known in the Israel Defense Forces ("IDF") as
"Keshet", for a total value of approximately $35 million, for supply over a six-year period.
Elbit Systems employs approximately 10,000 employees in
Israel and provides work for an
additional approximately 7000 employees of our local
subcontractors. The Company operates in 15 different sites
throughout Israel, from Kiryat
Shmona, Tel-Hai and Karmiel in the North to Ashdod, Arad, Hatzerim
and Sderot in the South.
About Elbit Systems
Elbit Systems Ltd. is an international defense electronics
company engaged in a wide range of 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 ("UAS"), advanced electro-optics, electro-optic space
systems, EW suites, airborne warning systems, ELINT systems, data
links and military communications systems and radios. The
Company also focuses on the upgrading of existing military
platforms, developing new technologies for defense, homeland
security and commercial aviation applications and providing a range
of support services.
For additional information, visit:
http://www.elbitsystems.com.
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.
Contacts:
Company Contact:
Joseph Gaspar, Executive
VP & CFO
Tel: +972-4-8316663
j.gaspar@elbitsystems.com
Dalia Rosen, VP, Head of
Corporate Communications
Tel: +972-4-8316784
dalia.rosen@elbitsystems.com
Elbit Systems Ltd.
IR Contact:
Ehud Helft
Kenny Green
CCG Investor Relations
Tel: +1-646-201-9246
e-mail: elbitsystems@ccgisrael.com
SOURCE Elbit Systems Ltd