HAIFA, Israel, June 22, 2011 /PRNewswire via COMTEX/ --
Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit
Systems"), announced today, at the Paris Air Show, that it was
awarded a contract valued in excess of $15 million by Elettronica
S.p.A ("Elettronica") to participate in a program to supply the
ELT/572 DIRCM (Directed Infra-Red Countermeasures) system for
installation on various platforms of the Italian Air Force,
including the C130J, C27J and AW101. The contract will be performed
over the next three years.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 )
Based on Elbit Systems Electro-Optics Elop Ltd. ("Elop")
MUSIC® system, ELT/572 was jointly funded by Elettronica
and Elop under a cooperation agreement between the companies.
MUSIC® is based on advanced fiber laser technology
and counters MANPADS (man portable air defense systems) by emitting
a laser beam towards an approaching missile causing the missile to
veer off course.
Adi Dar, Elop's General Manager, commented: "We are extremely
pleased with our cooperation with Elettronica on DIRCM that has
resulted in this initial contract for the Italian Air Force. The
threat of MANPADS to military cargo planes, tankers and
helicopters, as well as commercial aviation is increasing, and our
family of DIRCM systems provides effective protection to the
Founded in 1951, Elettronica S.p.A. celebrates this year its
60th anniversary. The Company has supplied more than
2,500 electronic defence systems that cover all aspects of
Electronic Warfare: naval, land and air environments with
application in the radar, infrared bands and communications,
serving the Armed Forces of 28 countries, since its inception.
Elettronica is strongly projected into the future and responds to
the significant changes in this sector, actively participating in
the main industrial European consortiums and international
projects, the majority of which are implemented through
collaboration agreements and joint ventures, ensuring its direct
presence in various strategic markets.
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.
Contacts:Company Contact: Joseph Gaspar, Executive VP & CFO
firstname.lastname@example.orgDalia Rosen, VP, Head of Corporate
email@example.comElbit Systems Ltd.IR Contact:Ehud HelftKenny GreenCCG Investor Relations
SOURCE Elbit Systems Ltd