Elbit Systems' Unmanned Turrets, to be Produced in Brazil by Aeroeletronica, Will be Installed Onboard IVECO 6X6 Armored Personnel Carriers (APC) as a Part of the Guarani Project
HAIFA, Israel, January 6, 2011 /PRNewswire via COMTEX/ --
Ltd. (NASDAQ and TASE:ESLT) ("Elbit Systems") announced that its Brazilian
subsidiary, Aeroeletronica Ltda. ("AEL") was awarded a framework contract,
valued at up to 440 million Brazilian Reals (approximately $260 million) for
the supply of UT30 BR 30 mm Unmanned Turrets to the Brazilian Army's Land
Forces, as part of the Guarani Project.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 )
This award follows an award of a contract to Elbit Systems in 2009 to
supply several Unmanned Turrets in an open tender in which leading global
manufacturers took part.
The contract calls for Elbit Systems' UT30 BR to be installed onboard a
few hundred of Iveco 6x6 APCs, according to a schedule and a multi-year
funding profile to be defined by the parties.
Joseph Ackerman, President and CEO of Elbit Systems, commented: "We are
honored to have been awarded this significant contract by the Brazilian
Ministry of Defense/Brazilian Army, a highly valued customer. The award is a
major milestone for AEL in our continuing process to enhance local Brazilian
capabilities and technologies. Winning such a prestigious project attests to
our leadership in the field of innovative land solutions, and we hope other
customers will follow, both in Latin America and throughout the world."
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, airborne warning systems, ELINT systems, data links and
military 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.
For additional information, visit: http://www.elbitsystems.com.
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.
Company Contact: IR Contact:
Joseph Gaspar, Executive VP & CFO Ehud Helft
Tel: +972-4-8316663 Kenny Green
email@example.com CCG Investor Relations
Dalia Rosen, VP, Head of Corporate Tel: 1-646-201-9246
Elbit Systems Ltd.
SOURCE Elbit Systems Ltd