Elbit Systems To Supply UAV Systems To The Israeli Defense Forces (IDF) Valued At Approximately $30 Million
Order includes additional Hermes® 450 systems as well as upgrade of existing systems
Haifa, Israel, November 12, 2007 – Elbit Systems Ltd. (NASDAQ: ESLT) received a new UAV order for the Israeli Defense Forces (IDF). The order, valued at approximately $30 million, includes the development, manufacture and supply of new and improved UAV systems, as well as the upgrade of existing UAV systems, designed to enhance and expand the IDF's existing UAV platform. Development and supply is scheduled to take place over a period that exceeds three years.
The Hermes® 450 is an original development of Elbit Systems, and the IDF has been operating UAVs based on this platform for several years . During the recent war in Lebanon its UAVs flew many combat sorties proving their efficiency in performing their missions by providing effective operational results and achieving their goal - the supply of necessary, visual intelligence to the ground forces.
The Hermes® 450 UAVs are operated by various military forces worldwide and are deployed in battlefields such as Iraq and Afghanistan to the full satisfaction of the customers. Haim Kellerman, Corporate Vice President and General Manager of Elbit Systems UAV Division said: "We are proud to receive IDF's renewed order, attesting to the long-standing quality and operational abilities of the Hermes® 450. We regard the IDF as our central customer and the cornerstone of our increased success among the Hermes® 450’s users worldwide. The accumulated operational experience and feedback we receive from the IDF are important elements in the success of the Hermes® 450 around the globe. The Hermes® 450 unique features constitute a solid basis for the entire Hermes® UAV family. I have no doubt that the Hermes® 900, which will undergo flight tests in the coming months, will enjoy similar success."
Elbit Systems’ UAV family has accumulated tens of thousands of operational flight hours in Israel and other countries worldwide. The various UAVs designed to meet a range of requirement include the Hermes® 1500, Hermes® 450 – chosen to lead the British Armed Forces prestigious WATCHKEEPER program, Hermes® 900 - incorporating all features of Hermes® 450 and more - longer flight duration, larger payload configurations and ability to operate under extreme weather conditions, and Hermes® 180 – the smallest UAV in the Hermes family.
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 Elbit Systems Group, which includes the company 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 Group also focuses on the upgrading of existing military platforms and developing new technologies for defense, homeland security and commercial aviation applications.
Joseph Gaspar, Corporate VP & CFO
Dalia Rosen, Director of Corporate Communications
Elbit Systems Ltd
Ehud Helft / Kenny Green
G.K. Investor Relations
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