This Selection Follows Initial Order of Hermes(R) 900 by the Israeli Defense Forces
HAIFA, Israel, June 6, 2011 /PRNewswire via COMTEX/ --
Elbit Systems Ltd.
(NASDAQ and TASE: ESLT) ("Elbit Systems"), announced today that it was
awarded a contract to supply a Latin American country with Hermes(R) 900
Unmanned Aircraft Systems (UAS). The project is not in an amount that is
material to Elbit Systems.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 )
The UAS will also include complementing ground control stations, as well
as Elbit Systems Electro-optics - Elop Ltd.'s highly advanced DCoMPASS(TM)
payload systems and radar systems.
Hermes(R) 900 builds on the vast operational experience of the Hermes(R)
450, the backbone of the Israel Defense Forces' UAS fleet. Hermes(R) 900
offers a range of enhanced capabilities, from higher flight altitude (over
30,000 ft) to longer endurance and larger payload capacity. The system's
unique multipurpose payload bay enables it to carry a wide variety of
payloads in different shapes and sizes for quick "conversion" between various
The common unified ground control station (UGCS) and the shared software
architecture and training programs, allows the Hermes(R) 900 to offer
seamless integration for existing Hermes(R) 450 users, enhancing operational
flexibility and cost effectiveness.
Joseph Ackerman, President and CEO of Elbit Systems, commented: "We are
very proud of the Hermes(R) 900 selection, a major milestone in our UAS
activity, following the Israeli Defense Forces' Hermes(R) 900 order".
Ackerman added: "The selection attests to the customer's trust in our cutting
edge UAS technology and further strengthens our position as a world leading
UAS supplier. We hope that other international customers will follow in
selecting the Hermes(R) 900 as their preferred solution."
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
Communications e-mail: firstname.lastname@example.org
Elbit Systems Ltd.
SOURCE Elbit Systems Ltd