Elbit Systems Awarded Options and Risk Reduction Activities Under Extant
Contract Valued at Approximately US$229 Million to Supply Additional Battle
Management Systems to the Australian Defence Forces
HAIFA, Israel, Dec. 22, 2013
HAIFA, Israel, Dec. 22, 2013 /PRNewswire/ --Elbit Systems Ltd. (NASDAQ and
TASE: ESLT) ("Elbit Systems") announced today that the Australian Department
of Defence has exercised options for additional quantities under an extant
contract via a contract change, and also engaged Elbit Systems to conduct a
Risk Reduction Activity via a survey and quote under the terms of an extant
contract. The total value of both activities is approximately US$229 million
(excluding GST). The contract will be performed over a three-year
Elbit Systems is the prime contractor of the Australian Defence Forces'
("ADF") Battle Management Systems.
The project, to be performed primarily by Elbit Systems of Australia (ELSA),
will support the Australian Army in achieving its digitisation objectives.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems commented:
"Australia is a very important market for Elbit Systems, and we are proud to
be awarded these follow-on orders." Machlis added: "Elbit Systems is a
global leading supplier of tactical Battle Management Systems, which are in
operational use in dozens of armed forces worldwide, and we take great
satisfaction in this new Australian vote of confidence."
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, signal
intelligence ("SIGINT") systems, data links and 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,
including training and simulation systems.
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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