HAIFA, Israel, September 21, 2011 /PRNewswire via COMTEX/ --
Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("ESLT") announced today that its subsidiary Elbit Security Systems Ltd. (ELSEC) was awarded an Israel Ports Development & Assets Company Ltd. (IPC) contract, for the supply and installation of a perimeter security system. The system is for the protection of the Haifa port, including the chemicals terminal, as well as the Kishon port and the "Shavit" fishermen dock. The contract, which includes various security systems, is in an amount that is not material to Elbit Systems.
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The perimeter security project will include an advanced command and control system which will enable the interoperability of various security systems, such as surveillance, closed-circuit TV (CCTV) with advanced image processing capabilities as well as electronic fences. The existing security systems currently protecting the Haifa ports will be connected to the new systems to be supplied, all of which will be interconnected to the Haifa Port Security Centre.
Adi Dar, Chairman of ELSEC said: "We are proud that the IPC and Haifa Ports Ltd. selected ELSEC to provide the security solutions for the Haifa ports. Our turn-key security solutions build on our extensive experience and understanding of the customers' needs. This new contract for the protection of the central and vital Haifa port, further strengthens Elbit Systems' leading position in offering tailored solutions for transportation and critical infrastructure security and I trust that this contract will lead to additional contracts, in Israel and abroad."
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: Joseph Gaspar, Executive VP & CFO
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SOURCE Elbit Systems Ltd