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Elbit Systems Ltd.
Advanced Technology Center
P.O.B 539, Haifa 31053
Israel

Tel: 972-4-8316663
Fax: 972-4-8316944
 
Press Releases
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Elbit Systems Subsidiary in the U.S. Receives an Approximately $50 Million ID/IQ Contract for the Supply of Helmet Display and Tracking System and Continuous Computing Impact Point Mission Processor to U.S. Navy

HAIFA, Israel, April 2, 2017 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems") announced today that its subsidiary, Elbit Systems of America LLC., ("Elbit Systems of America") was awarded an Indefinite Delivery/Indefinite Quantity (ID/IQ) contract for approximately $50 million by the U.S. Navy to provide the Helmet Display and Tracker System (HDTS) with the Continuously Computed Impact Point (CCIP) algorithm for the MH-60S. The work will be performed in Fort Worth Texas, and completed by June 2021. An initial order of approximately $14.2 million was received.

This award represents the Navy's first production order for the line-of-sight helmet tracking system and the integration of targeting symbology in the Armed Helicopter Weapon System (AHWS) for the MH-60S fleet.

"Elbit Systems of America is strategically focused on delivering capabilities that aircrews can trust to increase mission effectiveness", said Raanan Horowitz, president and chief executive officer of Elbit Systems of America. "The HDTS and CCIP are prime examples of our advanced display and targeting solutions that give aircrews a decisive edge during critical missions".

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.

For additional information, visit: www.elbitsystems.com, follow us on Twitter or visit our official Youtube Channel

Contacts:                                                                      




Company Contact:                                                            

IR Contact:



Joseph Gaspar, Executive VP & CFO                                  

Ehud Helft

Tel:  +972-4-8316663                                                       

Gavriel Frohwein

j.gaspar@elbitsystems.com                                              

GK Investor Relations

Dalia Rosen, VP, Head of Corporate Communications      

Tel: 1-646-688-3559

Tel: +972-4-8316784                                                       

elbitsystems@gkir.com

dalia.rosen@elbitsystems.com                                         


Elbit Systems Ltd.                                                            


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.

Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this Press Release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies. All other brand, product, service and process names appearing are the trademarks of their respective holders.  Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/elbit-systems-subsidiary-in-the-us-receives-an-approximately-50-million-idiq-contract-for-the-supply-of-helmet-display-and-tracking-system-and-continuous-computing-impact-point-mission-processor-to-us-navy-300433089.html

SOURCE Elbit Systems Ltd.


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