Elbit Systems Awarded $33 Million Contract for the Supply of Heli- borne
Electro-optical Surveillance Payloads to an Asian-Pacific Customer
HAIFA, Israel, October 6, 2013
HAIFA, Israel, October 6, 2013 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems") announced today
that its wholly owned subsidiary, Elbit Systems Electro-optics - Elop Ltd.
(Elop), was awarded a follow-on contract to supply its advanced Digital
CoMPASS^® electro-optical (EP) payload systems to an Asia-Pacific Air Force to
be installed onboard Helicopters. The contract will be performed over a
Adi Dar, General Manager of Elbit Systems Electro-Optics Elop, commented:
"This important follow on program reflects the customer's satisfaction from
the systems acquired a number of years ago. Supplying our customers innovative
and cutting edge systems, supported by our vast operational experience in
electro-optic payload systems, positions us as one of the world's leading EO
DCoMPASS^® (Digital Compact Multi Purpose Advanced Stabilized System) is a
highly stabilized, low weight, multi-sensor electro-optical (EO) payload
system , providing solutions for airborne applications (both fixed and
rotary-wing aircraft) as well as for land and naval platforms. Offering
cutting edge optical technology for 24/7 observation with cutting edge day and
night "ISTAR" capabilities (intelligence, surveillance, target acquisition and
reconnaissance), DCoMPASS^® ^ allows optimal use even in the harshest of
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
Joseph Gaspar, Executive VP & CFO
Dalia Rosen, VP, Head of Corporate Communications
Elbit Systems Ltd.
SOURCE Elbit Systems Ltd
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