Breaking News

Tweet TWEET

Elbit Systems to Supply an Asian Customer with Land Electronic Warfare Systems Valued at Approximately $115 Million

Elbit Systems to Supply an Asian Customer with Land Electronic Warfare Systems
                     Valued at Approximately $115 Million

PR Newswire

HAIFA, Israel, March 17, 2013

HAIFA, Israel, March 17, 2013 /PRNewswire/ --

Elbit Systems Ltd. (NASDAQ andTASE: ESLT) ("Elbit Systems") announced today
that its wholly-owned subsidiary, Elbit Systems EW and SIGINT - Elisra Ltd.,
(Elisra), was awarded an approximately $115 million contract to supply an
Asian customer with Electronic Warfare (EW) systems for multi-purpose land
missions. The contract will be performed over two years.

Edgar Maimon, General Manager of Elisra, commented: "We are very proud of this
award, achieved due to our technological advancements in the EW field. This
award further attests to our position and recognition as a world leading
supplier of EW systems. We are experiencing a growing global demand for
various types of EW systems, and I trust that further customers will follow
and select our advanced systems as their preferred solution."

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: http://www.elbitsystems.com.

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
Tel: +972-4-8316663
j.gaspar@elbitsystems.com

Dalia Rosen, VP, Head of Corporate Communications
Tel: +972-4-8316784
dalia.rosen@elbitsystems.com
Elbit Systems Ltd.

IR Contact:
Ehud Helft
Kenny Green
CCG Investor Relations
Tel: +1-646-201-9246
elbitsystems@ccgisrael.com

SOURCE Elbit Systems Ltd
 
Press spacebar to pause and continue. Press esc to stop.