TALLADEGA, Alabama, November 11, 2014 /PRNewswire/ --
Elbit Systems of America company, a wholly owned subsidiary of Elbit Systems Ltd., was awarded a five-year, firm-fixed price contract valued at approximately $29 million by the United States Air Force (USAF) for logistics support of USAF's F-16 head-up display (HUD) electric module assemblies. The contract will be performed by Elbit Systems of America's subsidiary International Enterprises Industries, LLC in Talladega, Alabama.
"The F-16 electric module assembly contract was part of a Value Added Engineering Change Proposal (VECP) we presented in support of the USAF and their F-16's HUD system," stated Raanan Horowitz, President and CEO of Elbit Systems of America. "We have a dedicated team of innovative engineers committed to solving obsolescence issues. By designing a modern electronic system that operates with the current optics of the HUD, we are able to provide the Air Force with an affordable, reliable solution for their diminishing manufacturing source and obsolescence concerns. The result is a substantial increase in operational availability."
Like most HUDs, the F-16 HUD operates with an optical lens assembly, a combiner, and computer interface. By retaining the costly optical lens mechanism and upgrading only the HUD electronic system, Elbit Systems of America offered the USAF the opportunity to give new life to existing HUDs while improving reliability and maintainability.
"F-16 pilots rely on their HUD for situational awareness and targeting during critical missions. Our advanced technology provides a crisper, sharper image for the pilot and increases the overall operational performance of the HUD," continued Horowitz. "Furthermore, the new technology reduces power consumption by approximately 50 percent."
In addition to upgrading the HUDs at its Talladega facility, Elbit Systems of America also provides upgraded HUD electronic modules to Hill Air Force Base in Ogden, Utah and Kadena Air Base in Okinawa, Japan, for installation by Air Force personnel.
About Elbit Systems of America, LLC
Elbit Systems of America is a leading provider of high performance products, system solutions, and support services focusing on the commercial aviation, defense, homeland security, and medical instrumentation markets. With facilities throughout the United States, Elbit Systems of America is dedicated to supporting those who contribute daily to the safety and security of the United States. Elbit Systems of America, LLC is wholly owned by Elbit Systems Ltd. (NASDAQ and TASE: ESLT), a global electronics company engaged in a wide range of programs for innovative defense and commercial applications. For additional information, visit: http://www.elbitsystems-us.com.
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: http://www.elbitsystems.com or follow us on Twitter.
Elbit Systems of America and other trademarks, service marks and logos are registered or unregistered marks of Elbit Systems of America companies in the United States and in foreign countries. Copyright © 2014 Elbit Systems of America. All rights reserved.
Forward Looking Statement
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.
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SOURCE Elbit Systems of America