FORT WORTH, Texas , April 8 /PRNewswire-FirstCall/ -- Elbit Systems of America, LLC, a wholly owned subsidiary of Elbit Systems, Ltd. (NASDAQ: ESLT), announced the reorganization of its North America operations with seven focused business units responsible for providing turn-key solutions to its customers. These business units will be supported by four capabilities excellence centers located across the United States . The new organization will position Elbit Systems of America as a synergistic, enterprise, capable of providing discriminating products and systems to the market. The Elbit Systems of America business units include:
(Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300488 )
Elbit Systems of America Airborne Solutions, headquartered in Fort Worth, Texas
Elbit Systems of America Land Solutions, headquartered in Fort Worth, Texas
Elbit Systems of America Services and Support Solutions, headquartered in Talladega, Alabama
Elbit Systems of America C4I Solutions, headquartered in Tallahassee, Florida
Elbit Systems of America Sensor and Electro-Optics Solutions, headquartered in Merrimack, New Hampshire
Elbit Systems of America Commercial Aviation - Kollsman, headquartered in Merrimack, New Hampshire
Elbit Systems of America Medical Instruments - KMC Systems, headquartered in Merrimack, New Hampshire
The business realignment will provide our customers with improved access to the varied talents and expertise of the company's employees and resources and will enhance the ability to leverage the entire portfolio of our global resources and capabilities.
Raanan Horowitz , President and Chief Executive Officer of Elbit Systems of America stated, "The new organization provides us with increased market focus and the ability to improve synergies and provide superior solutions and products to our customers. While we will continue to leverage our global assets, we will also continue to invest and strengthen our US based capabilities. These capabilities are critical for our customers and positioning Elbit Systems of America as a home market player in the United States ."
About Elbit Systems of America, LLC
Elbit Systems of America is a leading global provider of high performance products and sub-system solutions focusing on the defense, homeland security, and commercial aviation markets. With facilities in Texas , New Hampshire , Kansas , Alabama , Georgia , Virginia , Florida and California , Elbit Systems of America is dedicated to supporting those who contribute daily to the defense and safety of the United States . The Elbit Systems of America is wholly owned by Elbit Systems Ltd. (NASDAQ: ESLT), a global electronics company engaged in a wide range of programs for innovative defense, commercial aviation and homeland security applications.
Additional information about the company is available at http://www.elbitsystemsofamerica.com.
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 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 air vehicle (UAV) systems, 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 and developing new technologies for defense, homeland security and commercial aviation applications.
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 (c) 2008 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 companies in the Elbit Systems Group, 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 Elbit Systems Group 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. Elbit Systems does not undertake to update its forward-looking statements.
Contact: Kim Cushman +1-603-886-2273 [email protected]SOURCE Elbit Systems of America, LLC
