HAIFA, Israel, March 5, 2019 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems") announced today that its subsidiary, Elbit Systems of America, LLC ("Elbit Systems of America") was awarded a five-year Indefinite Delivery/Indefinite Quantity (IDIQ) contract by the United States Army to provide a wide field of view Common Helmet Mounted Display (CHMD) system. The contract which is in an amount that is not material to Elbit Systems will be performed in Fort Worth, Texas, with deliveries starting within 15 months.
This full color CHMD will be part of the U.S. Army's Air Soldier System, used by helicopter pilots to provide day and night enhanced situational awareness and survivability in all flight conditions. It will be fully-integrated into the Elbit Systems' Helmet Display and Tracker System used onboard the U.S. Army's CH-47F Chinook and the UH-60L/M/V Black Hawk fleets.
"Our CHMD provides advanced capabilities for Army pilots," stated Raanan Horowitz, President and Chief Executive Officer of Elbit Systems of America. "Our solution supports pilots experiencing crisp, clear and accurate symbology, which provides critical information during flight and a decisive edge in mission effectiveness."
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
David Vaaknin, VP, Head of Corporate Communications
GK Investor Relations
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SOURCE Elbit Systems Ltd.