HAIFA, Israel, Nov. 6, 2016 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems"), announced today that its subsidiary, CYBERBIT Ltd. ("CYBERBIT"), was awarded a contract to supply its CYBERBIT Range platform to the Cyber Security Training Range (CSTR) of Maryland, LLC, the first hands-on cyber-security training center for IT and SCADA security professionals in the U.S.
CYBERBIT's training and simulation platform will serve as the launching capability of the CSTR , instructing cyber-security professionals how to protect national assets and infrastructure against cyber attacks. The contract, in an amount that is not material to Elbit Systems, will be performed during the year 2017.
Leveraging the capabilities of the CYBERBIT Range, the CSTR of Maryland provides a unique approach to cyber-security training, enabling the entire security and business team to practice the incident-response workflow in hyper-realistic settings that mimic the trainee's actual work environment. Thus, it allows teams to respond faster and more effectively to complex and advanced attacks, such as ransomware, and to perform better as a team. Centrally located in Baltimore, close to the federal government's cyber-related activities, CSTR of Maryland will offer cyber-security professionals in both private and public sectors the convenience of training with the most current cyber warfare strategies.
Adi Dar, General Manager of CYBERBIT said: "Public sector organizations manage highly sensitive infrastructure and cannot afford to have the staff's first encounter with a threat occur during attacks. By training and simulating the response process in advance, security staff can dramatically improve their performance. We are looking forward to helping CSTR create top-notch security experts by means of the Range platform."
About Elbit Systems
Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial 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, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios and cyber-based systems. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.
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Joseph Gaspar, Executive VP & CFO
Dalia Rosen, VP, Head of Corporate Communications
Elbit Systems Ltd.
GK Investor Relations
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.
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SOURCE Elbit Systems Ltd.