HAIFA, Israel,
July 7 /PRNewswire-FirstCall/ -- Elbit Systems Ltd.
(NASDAQ: ESLT) announced today that it was awarded a contract valued at
approximately
US$20 million to supply Hermes(R) 450 UAV Systems to a European
country. The systems include both air vehicles as well as complementing
ground systems, to be delivered during 2009.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 )
Hermes(R) 450 is a unique Elbit Systems development, which has been the
major player in Israel's security activities, and the IDF's primary UAV
system. In addition, the Hermes(R) 450 is the basis for the UK Armed Forces'
Watchkeeper program, the largest UAV program in Europe. Hermes(R) 450 UAVs
are used extensively in armies worldwide, including active war zones such as
Iraq and Afghanistan. So far, the Hermes(R) 450 has accumulated over 100,000
operational flight hours.
Haim Kellerman, General Manager of Elbit Systems UAS Division said: "The
new order is yet another link in the chain of successes in the marketing of
the Hermes(R) 450, building on the level of maturity the system has achieved.
The Hermes(R) 450 has well proved its capabilities and reliability over many
years of operational performance." He added, "In light of the current high
demand for the Hermes(R) 450, and specifically the requirement for speedy
delivery for operational needs, Elbit Systems' UAV Division is prepared to
meet the full range of customers' demands."
About Elbit Systems
Elbit Systems Ltd. is an international defense electronics company
engaged in a wide range of defense-related 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
air vehicle (UAV) systems, 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 and developing new technologies for
defense, homeland security and commercial aviation applications.
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
Dalia Rosen, Head of Corporate Communications
Elbit Systems Ltd
Tel: +972-4-8316663
Fax: +972-4-8316944
E-mail: gspr@elbit.co.il
daliarosen@elbit.co.il IR Contact:
Ehud Helft / Kenny Green
G.K. Investor Relations
Tel: +1-646-201-9246
E-mail: info@gkir.com
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