Elbit Systems to Supply $100 Million of Military Communications Systems to Customers in Europe, South America and Asia
Source PRNOTW
HAIFA, Israel , October 22 /PRNewswire-FirstCall/ -- Elbit Systems Ltd.
(NASDAQ:ESLT) announced that it has recently been awarded contracts valued in
a total amount of approximately
(Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 )
The communications systems to be delivered under the contracts are Tadiran CNR 9000, Tadiran HF 6000 and the PRC 710 radio systems. These tactical radio systems offer voice and high data rate transfer and are considered as industry's leading technology.
All products will be delivered through the end of 2009.
Under the above-mentioned separate contracts, Elbit Systems will supply
systems valued at approximately
Bezhalel (Butzi) Machlis, Executive VP of Elbit Systems and the General Manager of Elbit Systems Land and C4I - Tadiran, commented: "The fact that the contracts have been awarded by armies in three different continents attests to the company's extensive geographic presence and the technological leadership of our products. Machlis further noted: "The follow-on orders reflect our customers' satisfaction with both the operational aspects and technical performance of our products. We hope these customers, as many others, will view Elbit Systems as their main tactical communications and C4I supplier, and I believe these contracts will be followed by additional orders, both by these armies as well as other customers in the above-mentioned continents."
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, Executive VP & CFO Dalia Rosen, Head 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
