HAIFA, Israel, April 19, 2016 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems"), announced today that its Australian subsidiary, Elbit Systems of Australia Pty Ltd (ELSA), was awarded a contract in an amount of approximately US$30 million (approximately 40 million Australian dollars) by the Department of Defence of the Commonwealth of Australia, for the supply of XACTth65 sights, a member of the Elbit Systems thermal weapon sight product family.
The ground breaking product is recognized as the category leader for its very small size, light weight (only 450 grams) and its full tactical and high performance during day and night operations. The contract, which is a part of project Land 125 phase 3c, will be performed over a two-year period.
Elbit Systems is already supplying the Australian Defence Forces with command, control and communications systems (BGC3), and is in the process of integrating those systems with various sensors.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, commented: "Australia is a very important market for Elbit Systems, and we are very proud to be awarded this contract, bringing this new capability and introducing technologically advanced, battle proven and networked solutions to the Australian Defence Force". Machlis added: "As the prime systems integrator for the Battle Management System, we hope to integrate the new thermal weapon sight into the C4I system and we hope we can supply even more ISTAR capabilities that will be implemented in the system".
About Elbit Systems
Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial 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, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios and cyber-based systems. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial 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 forward-looking statements.
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Joseph Gaspar, Executive VP & CFO
Dalia Rosen, VP, Head of Corporate Communications
Elbit Systems Ltd.
GK Investor Relations
SOURCE Elbit Systems Ltd