Elbit Systems' Subsidiary, Cyclone, Awarded Contract by Spirit AeroSystems to Supply Composite Structural Components for Commerc

HAIFA , Israel , September 5 /PRNewswire-FirstCall/ -- Elbit Systems Ltd. (NASDAQ:ESLT) announced that its subsidiary, Cyclone Aviation Products Ltd. (Cyclone), was awarded a contract by Spirit AeroSystems, Inc. for composite structural components for commercial aircraft. The contract is valued at approximately $30 million dollars and is scheduled for delivery between 2007 and 2011.

The contract involves the supply of blocker doors for the aircrafts' engines - a composite structural component - to Spirit AeroSystems.

Yoram Shmuely, Co-General Manager of Airborne and Helmet Systems at Elbit Systems, said, "This contract win is yet another sign reflecting the trust and recognition we have established among major aviation suppliers of commercial airplane assemblies and components. We believe this contract with Spirit AeroSystems will pave the way for further business in this fast-growing market characterized by advanced technologies and innovative composite materials."

About Cyclone Aviation Products Ltd.

Cyclone Aviation Products Ltd., located in the area of Karmiel, Israel , is a wholly-owned subsidiary of Elbit Systems Ltd. With approximately 400 employees, Cyclone's core business is manufacturing and maintenance of aircraft structures as well as engineering, manufacture, repair and upgrade of aircraft, UAVs and helicopters. Cyclone manufactures both metal and composite structural assemblies for UAVs, military aircraft such as the F-15, F-16 and F-18, and civil/commercial aircraft. Cyclone also operates the Israel Air Force's (IAF) aviation schools for Grob G-120A (Snunit) aircraft and B-206 (Saifan) helicopters. Cyclone's customer base includes the IAF, the U.S. Air Force, the U.S Army and the U.S Navy as well as several major aviation companies, such as Boeing. Lockheed Martin and Sikorsky.

About Elbit Systems Ltd.:

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"), 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 Group also focuses on the upgrading of existing military platforms and developing new technologies for defense, homeland security and commercial aviation applications.

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SOURCE Elbit Systems Ltd



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