Another Success for Elbit Systems in the Homeland Security Field: Elbit
Systems Awarded $133 Million Contract to Supply Integrated Systems for
Homeland Security Applications
HAIFA, Israel, May 28, 2014
HAIFA, Israel, May 28, 2014 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ and TASE:ESLT) ("Elbit Systems") announced today
that it was awarded a contract to supply systems in an amount of $133 million
for Homeland Security (HLS) applications to a customer in the Latin American
region. The systems are based on highly advanced and unique technologies,
including command, control and intelligence capabilities to be operated via
dedicated control centers intended to play a major role in fighting crime,
preventing violence and improving citizens' safety and security. The contract
will be performed over a one-year period.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems commented: "We
are proud of this additional contract award, demonstrating our unique ability
to offer our customers a broad and comprehensive solution based on
capabilities that cross our company." Machlis added: "This award is another
significant milestone for Elbit Systems in the HLS field, in which we are
witnessing a growing demand worldwide. Our technological edge and vast
operational experience in command and control missions for defense
applications position us as market leaders for HLS projects."
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.
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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
Elbit Systems Ltd., its logo, brand, product, service, and process names
appearing in this Press Release are the trademarks or service marks of Elbit
Systems Ltd. or its affiliated companies. All other brand, product, service,
and process names appearing are the trademarks of their respective holders.
Reference to or use of a product, service, or process other than those of
Elbit Systems Ltd. does not imply recommendation, approval, affiliation, or
sponsorship of that product, service, or process by Elbit Systems Ltd. Nothing
contained herein shall be construed as conferring by implication, estoppel, or
otherwise any license or right under any patent, copyright, trademark, or
other intellectual property right of Elbit Systems Ltd. or any third party,
except as expressly granted herein.
Joseph Gaspar, Executive VP & CFO
Dalia Rosen, VP, Head of Corporate Communications
Elbit Systems Ltd.
GK Investor Relations
SOURCE Elbit Systems Ltd
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