Elbit Systems Awarded an $80 Million Contract to Supply Latin American Country
with Advanced Electronic Systems
HAIFA, Israel, August 13, 2014
HAIFA, Israel, August 13, 2014 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ and TASE :ESLT) ("Elbit Systems") announced today
that it was awarded an $80 million contract to supply a Latin American country
with Command, Control, Computer & Communications (C4I) systems.
The project, to be performed over a three-year period, is part of the Army's
extensive modernization program and is designated for all echelons, from the
maneuvering forces up to the command headquarters. The new, unified
communications network will play an important role during emergencies and
natural hazards and disasters and will facilitate a real-time common
operational picture, providing the Land Forces with enhanced operational
performance and situational awareness.
Yehuda (Udi) Vered, General Manager of Elbit Systems Land and C4I Division,
commented: "We are pleased with this award that further strengthens our
position as a leading global supplier of C4I systems, which are already
operational in dozens of countries worldwide. We hope more customers will
follow in choosing our cutting-edge unique solutions".
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.
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.
For additional information, visit: http://www.elbitsystems.com or follow us on
Joseph Gaspar, Executive VP & CFO
Dalia Rosen, VP, Head of Corporate Communications
Elbit Systems Ltd.
CCG Investor Relations
SOURCE Elbit Systems Ltd
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