HAIFA, Israel , December 16 /PRNewswire-FirstCall/ -- Elbit Systems Ltd. (NASDAQ:ESLT) announced that it was selected by the Israeli Defense Ministry to answer the battalion-level IDF tender, calling for a wide procurement of mini-UAVs for all IDF Ground Forces battalions, including training and logistics support.
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The procurement potential is evaluated at dozens of million USD, in accordance with IDF's requirements and procurement process.
Elbit Systems' Skylark(R) I LE has been selected by the IDF following an extensive evaluation process, including operational ability to answer the high requirements of the IDF, based on its rich operational experience.
The Skylark(R) I LE is based on the accumulated experience acquired by the Skylark(R) I, in thousands of operational hours performed, in various battlefields, including Israel , Iraq and Afghanistan . Elbit Systems' UAV family has served the IDF in recent years in counter terror missions and took an operational part in Israel's second Lebanon War. The upgraded UAV includes additional unique features, to significantly improve its operational capabilities and offers the IDF a highly advanced UAV.
Haim Kellerman , General Manager of Elbit Systems UAV Division said: "We take great pride in being selected by the Ministry of Defense for this important IDF project. This selection attests to the acknowledgement of this UAV's professional maturity and unique capabilities, and strengthens our position as a leading UAV supplier in Israel and worldwide." Kellerman added: "We have witnessed great interest among numerous defense forces in the export model of the Skylark(R) I LE and we expect that many other customers will follow the IDF in its selection of this Elbit Systems UAV."
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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