Elbit Systems Awarded Israel Ministry of Defense Order Valued at Approximately
$35 Million to Develop Advanced UAS Features
The new order is in addition to recent IMOD orders for Hermes® 900 UAS and
maintenance services in a total amount of approximately $90 million, reported
HAIFA, Israel, Jan. 27, 2013
HAIFA, Israel, Jan.27, 2013 /PRNewswire/ --Elbit Systems Ltd. (NASDAQ and
TASE: ESLT) (the "Company") announced today that it has received an
approximately $35 million contract from the Israel Ministry of Defense
("IMOD") for the development of advanced features for Unmanned Aircraft
Systems ("UAS") to be supplied within three years. One of the mission
requirements is the quick re-configuration of the UAS' payloads.
The contract is in addition to contracts, awarded by the IMOD, for the supply
of Hermes^® 900 UAS and maintenance services that were announced by the
Company in 2012.
Elad Aharonson, General Manager of Elbit Systems' UAS Division, commented:
"The IMOD's decision to award this development contract reflects the trust and
recognition of our technological capabilities and further strengthens our
long-term strategic cooperation with the Israel Defense Forces ("IDF") in the
UAS field. The Hermes^® 900 is a world-leading UAS, and we are proud of the
IMOD's decision to procure further systems and advanced capabilities."
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
Tel: +972-4-8316663 Ehud Helft
firstname.lastname@example.org Kenny Green
Dalia Rosen, VP, Head of Corporate CCG Investor Relations
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
Press spacebar to pause and continue. Press esc to stop.