The Project is a Part of the Brazilian Air Forces' Objective to Establish Independent UAS Capabilities
HAIFA, Israel, January 19, 2011 /PRNewswire via COMTEX/ --
Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems") announced today that its
Brazilian subsidiary, Aeroeletronica Ltda. ("AEL"), was awarded a contract to
supply Hermes(R) 450 Unmanned Aircraft Systems (UAS) to the Brazilian Air
Force. The contract is not in an amount that is material to Elbit Systems.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 )
This project is a part of the Brazilian Air Forces' objective to
establish independent UAS capabilities, allowing for self-reliant operation
and development of UAS in Brazil. Located in Porto Alegre in southern Brazil,
AEL performs a variety of projects for the Brazilian Air Force, as well as
other branches of the Brazilian Armed Forces.
Hermes(R) 450 is an experienced and mature UAS that has, to date,
accumulated over 200,000 operational flight hours in various arenas
worldwide. Its capabilities are suitable both for homeland security and
anti-terror missions, and it can be equipped with a variety of advanced
sensors, according to customers' requirements. As part of the development of
the Brazilian Air Forces' future UAS, AEL will utilize technological
capabilities of its parent company, Elbit Systems, and will also work with
local Brazilian industries.
Joseph Ackerman, President and CEO of Elbit Systems, commented: "We are
extremely proud of the Brazilian Air Force's selection of Elbit Systems UAS,
a decision that marks yet another significant milestone in AEL's long-time
collaboration with the Air Force. The Brazilian Air Force is considered a
global leader, and the selection attests to the quality and maturity of our
UAS, currently operational with more than 20 customers worldwide." Ackerman
added: "We hope this new project will further strengthen the cooperation
between AEL and the Brazilian Air Force, as well as other Brazilian
customers, and will be an incentive for future collaborations."
About Aeroeletronica - Elbit Systems' subsidiary in Porto Alegre
Located in Porto Alegre (the largest state in South Brazil),
Aeroeletronica's workforce currently includes more than 180 employees - with
plans for expanding the workforce in the near future. Based on technological
investments, know-how transfer and extensive training of its employees at
Elbit Systems' headquarters, Aeroeletronica is a center of excellence for
development, production and logistic support of advanced systems serving
Brazilian as well as other South American customers.
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.
Joseph Gaspar, Executive VP & CFO
Dalia Rosen, VP, Head of Corporate
Elbit Systems Ltd.
CCG Investor Relations
SOURCE Elbit Systems Ltd