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|The Boeing Led Team, Including Elbit Systems’ Subsidiary Kollsman, Was Awarded The U.S. Strategic Border Initiative Project|
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Haifa, Israel, September 21, 2006 – Elbit Systems Ltd. (NASDAQ Global Select
Market: ESLT) announced today that the team led by The Boeing Company, in
which Kollsman, Inc., an Elbit Systems of America company, is a team member,
has been awarded today the U.S. Strategic Border Initiative Project (the “SBInet
Project”). The SBInet Project is designed to provide the U.S. Department
of Homeland Security with increased border security capabilities along more than
6,000 miles of the United States' borders.
Kollsman’s content for the SBInet Project is anticipated to reach a level that will
be material to Elbit Systems and will be performed over a several-year period.
SBInet is a significant credential for the company’s homeland security business,
according to Elbit Systems of America President & CEO Tim Taylor, but there
are other, more profound benefits: “U.S. citizens and the federal government are
very concerned about vulnerabilities on the porous U.S. northern and southern
borders. The strategic and technological strengths we bring to the Boeing SBInet
team will help to restore the safety and security that Americans have known for
Kollsman, Inc., an Elbit Systems of America Company, headquartered in
Merrimack, New Hampshire, is a leading supplier of avionic equipment, electrooptic
systems and subsystems, vision based solutions and surveillance systems
to the commercial aviation, defense and homeland security markets.
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"), advanced
electro-optic and space technologies, EW suites, airborne warning systems,
ELINT systems, data links and military communications systems and equipment.
The Group also focuses on the upgrading of existing military platforms and
developing new technologies for defense and homeland security applications.
Ilan Pacholder, Corporate Secretary and
VP Finance & Capital Markets
Elbit Systems Ltd.
Tel: 972-4 831-6632
Fax: 972-4 831- 6659
Ehud Helft/Kenny Green
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