HAIFA , Israel , March 13 /PRNewswire-FirstCall/ -- The management of Elbit Systems Ltd. (Nasdaq: ESLT), headed by the Chairman of the Board of Directors, Michael Federmann, the President and CEO, Joseph Ackerman , and the CFO, Joseph Gaspar , opened trading on NASDAQ yesterday at an opening bell ceremony. Also in attendance were NASDAQ executives.
The event took place a day after the company issued its 2007 financial results, highlighting Elbit Systems' continued growth and underscoring its position as a leading international defense electronics company.
The event was held at the NASDAQ MarketSite in New York City and was broadcast live on the external wall of the building overlooking Times Square. The Company's leading systems, including UAVs, helmet displays, thermal imaging cameras and others, were projected throughout the day on the Times Square display.
Following the ceremony, the management of Elbit Systems held meetings with investors and senior U.S. capital market executives.
Joseph Ackerman , President and CEO of Elbit Systems said "Opening the trading on NASDAQ is a significant event for the company. From its establishment in 1996, Elbit Systems has been listed on NASDAQ. Since then, along with becoming a multinational company with continuous growth, we have enjoyed the financial advantages of being traded on NASDAQ, which provides accessibility to the U.S. and the world's trading arenas."
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 Fax: +972-3-607-4711 E-mail: [email protected]SOURCE Elbit Systems Ltd
