HAIFA, Israel, January 16, 2013 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ and TASE:ESLT) ("Elbit Systems") announced today that Elbit Systems of America, LLC, a wholly-owned subsidiary of Elbit Systems, has been selected for award by the U.S. Army ACC-APG, Natick Contracting Division on behalf of the Small Unmanned Aircraft System (SUAS) Product Office.
Elbit Systems of America was selected with four other companies to provide the full spectrum of SUAS products.
The scope of the award includes providing support and capability upgrades to current systems fielded by the U.S. Army including the RQ-11B Raven and the RQ-20A Puma. In addition, the customer has the option to procure from Elbit Systems of America the Skylark® I-LE Block II as an alternative Medium and Long-Range SUAS to meet anticipated future requirements.
Although this is a selection for award, the customer has no definitive purchasing obligation. The total aggregate potential value of all delivery orders to be awarded to all five companies under this award is $248M.
"The innovative solutions found in the Skylark® I-LE Block II offer more mission flexibility, enabling the Skylark to fly higher without degradation of imagery. These discriminating capabilities are designed to meet the military challenges of today and in the future," stated Elbit Systems of America President and CEO, Raanan Horowitz. "Our mission is to provide solutions that protect and save lives. The Skylark® I-LE Block II is designed to meet the needs of our warfighters so they may successfully complete their missions."
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 Communications
Elbit Systems Ltd.
CCG Investor Relations
SOURCE Elbit Systems Ltd