Elbit Systems to Establish a Mission Training Center for Fighter Pilots of a
Latin American Air Force
Contract, valued at $18.5 million, to be performed during 2014
HAIFA, Israel, Sept. 23, 2012
HAIFA, Israel, Sept.23, 2012 /PRNewswire/ --Elbit Systems Ltd. (NASDAQ and
TASE: ESLT) ("Elbit Systems") announced today that it was awarded a contract
valued at $18.5 million for the establishment of a Mission Training Center
(MTC) for fighter aircraft of a Latin American Air Force. The establishment of
the MTC will be performed during 2014.
The MTC is designed to improve the operational training of pilots by training
in various mission scenarios, in varying war zones and in the relevant threat
environment of each war zone - a cutting-edge training capability which has
not been available to Air Forces in the past. The high quality of operational
training achieved by the MTC will enable the customer to operate some of the
training sorties onboard the trainers instead of fighter jets, thus allowing
optimal use of existing resources.
This new contract marks another milestone in Elbit Systems' mission training
activities and follows the establishment of the MTC for the Israeli Ministry
of Defense (IMOD) for the F-16 and F-15 fighter aircraft.
Elbit Systems Aerospace Division's Co-General Manager, Yoram Shmuely,
commented: "We are proud of the customer's decision to select our breakthrough
solution, marking a significant milestone in our mission training activities.
This selection attests to the trust in Elbit Systems' solutions, combining
both a technological edge and the understanding of the customer's unique
needs, and further strengthens our position as world leaders in the field of
advanced tactical training."
The MTC is a unique system that enables joint-training between the various
trainees, both within the Air Force and at an interoperable level. The Air
Force teams will be able to train in formations of pairs and foursomes, and
the system will also enable integration with other training systems. In
addition, the system will allow joint-training of various mission scenarios,
even if the different trainers are situated in geographically distant
About Elbit Systems
Elbit Systems Ltd. is an international defense electronics company engaged in
a wide range of 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 aircraft systems ("UAS"),
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, developing new technologies for defense, homeland security and
commercial aviation applications and providing a range of support services.
For additional information, visit: www.elbitsystems.com.
Joseph Gaspar, Executive VP & CFO
CCG Investor Relations
Dalia Rosen, VP, Head of Corporate Communications
Elbit Systems Ltd.
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
SOURCE Elbit Systems Ltd.
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