HAIFA, Israel , December 17 /PRNewswire-FirstCall/ -- Elbit Systems Ltd.
(NASDAQ:ESLT) announced that it was recently awarded several airborne upgrade
contracts at a total value of approximately
The contracts awarded, which call for the upgrade of both fixed-wing aircraft and helicopters, will encompass the installation of some of Elbit Systems' innovative systems, including: display systems, battle mission computers, command & control systems and advanced helmet systems.
Yoram Shmuely , Joint General Manager of Elbit Systems' Aerospace Division, commented: "The new contracts were all received from existing customers for whom the company has already performed upgrade projects, all of which platforms upgraded by Elbit are operational to the customers' satisfaction".
Elbit Systems is a world leader in aircraft and helicopter upgrade programs. Electronic systems based on highly advanced technology, fully developed by Elbit Systems, have been integrated on a broad scale of veteran and new platforms, for both Israeli customers and for customers worldwide.
The integration of modern systems on new and veteran aircraft enhance the pilot's survivability and operational capabilities, thus placing the upgraded aircraft inline with new aircraft standards, while saving costs.
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: firstname.lastname@example.org , email@example.com . IR Contact: Ehud Helft / Kenny Green, G.K. Investor Relations, Tel: +1-646-201-9246, E-mail: firstname.lastname@example.org .
SOURCE Elbit Systems Ltd
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