HAIFA, Israel , June 5 /PRNewswire-FirstCall/ -- Elbit Systems Ltd. (NASDAQ: ESLT) and Lockheed Martin inaugurated the avionics simulation system delivered to the Israeli Ministry of Defense (IMOD) for the Israel Air Force (IAF) F-16I Sufa aircrew flight and system trainer.
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The simulator is fully compatible with the aircraft avionics and cockpit. Elbit Systems additionally supplied an advanced simulating system to enable the IAF pilots Out-of-Cockpit world view for full training in different air conditions in both day and nighttime. The systems were delivered to the full satisfaction of the IAF and the Israeli Ministry of Defense, within the planned timeframe.
In 2005, Elbit Systems supplied an advanced simulation system for the F-16A Netz and has already received a follow-on order for the development of a simulation system for the F-16B Barak.
In addition, Elbit Systems supplies the core avionic systems for the IAF's F-16I aircraft. These systems include the Display and Sight Helmet (DASH), mission computer systems, head-up display systems, display processors, digital maps as well as stores management systems.
Joseph Ackerman , President and CEO of Elbit Systems, said, "The successful delivery of the simulator for the IAF's most advanced combat aircraft, the F-16I, further strengthens Elbit Systems' position as a leading company in the simulator field in general and in the flight simulator area in particular." According to Ackerman, "In order to achieve better efficiency in defense budgets, there is a wider global demand for use of simulators, which enable air forces and other defense force branches to achieve better performance with the same level of training-hours."
Elbit Systems operates within the simulator market and supplies systems for all types of platforms, including those for air, land and naval applications. Elbit Systems utilizes its advanced technological capabilities, particularly in developing software for complex system programs, as well as its global leadership in upgrading defense platforms, as the basis for the successful supply of simulation systems to various customers around the world.
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.
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, Corporate VP & CFO Dalia Rosen, Director of Corporate Communications Elbit Systems Ltd Tel: +972-4-8316663 Fax: +972-4-8316944 E-mail: [email protected] [email protected] IR Contact: Ehud Helft / Kenny Green G.K. Investor Relations Tel: +1-646-201-9246 E-mail: [email protected]SOURCE Elbit Systems Ltd
