Minneapolis, October 6, 2008 - Alliant Techsystems (NYSE: ATK) and
Elbit Systems Ltd. (NASDAQ: ESLT) announced today that they have
successfully conducted flight tests of the Guided Advanced Tactical Rocket
(GATR) at White Sands Missile Range in New Mexico. Targets were engaged at
ranges up to six kilometers when the GATR semi-active laser seeker guided the
rockets to within one-meter accuracy, resulting in “direct hits.” All rockets were
fired from an M261 launcher.
The rocket benefits from a robust design, which combines combat-proven
performance, a minimum smoke signature, and the reliability of an ATK-produced
propulsion system, similar to a system employed on millions of rockets produced
for the United States Army. GATR contains a guidance and control system built
with the experience of Elbit’s heritage in high-performance laser seekers for the
United States and international customers. It employs advanced acquisition,
tracking, and guidance algorithms to achieve one-meter accuracy against
stationary and moving targets. In its tactical configuration, GATR will incorporate
an Insensitive Munitions (IM) rocket motor and a family of IM warheads to include
blast/fragmentation and penetration. GATR will be a low-cost, precision strike
weapon that minimizes collateral damage, while providing stand -off deployment
against a wide array of target sets.
GATR supports lock-on before or after launch as well as autonomous or
remote laser designation. The system can be deployed against targets at ranges
of 1.5 to 8+ kilometers from fixed and rotary-wing aircraft, as well as unmanned
aerial vehicles. It is compatible with existing 2.75”/70mm launcher hardware.
GATR will be particularly effective in urban areas or against targets where a low
collateral damage warhead is required. The GATR system is designed as a
complimentary weapon to fill the gap between larger, more expensive guided
missiles and the current family of unguided rockets.
ATK is a premier United States aerospace and defense company with more than
17,000 employees in 21 states and approximately $4.6 billion in revenue.
About Elbit Systems
Elbit Systems Ltd. is an international defense electronics company engaged in a
wide range of defense-related 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
air vehicle (UAV) systems, advanced electro-optics, electro -optic space systems,
EW suites, airborne warning systems, ELINT systems, data links and mi litary
communications systems and radios. The Company also focuses on the
upgrading of existing military platforms and developing new technologies for
defense, homeland security and commercial aviation applications.
Certain information discussed in this press release constitutes forward-looking statements as defined
in the Private Securities Litigation Reform Act of 1995. Although ATK believes that the expectations
reflected in such forward-looking statements are based on reasonable assumptions, it can give no
assurance that its expectations will be achieved. Forward-looking information is subject to certain
risks, trends and uncertainties that could cause actual results to differ materially from those projected.
Among those factors are: the challenges of developing next-generation precision attack munitions,
changes in governmental spending, budgetary policies and product sourcing strategies; the company's
competitive environment; the terms and timing of awards and contracts; and economic conditions.
ATK undertakes no obligation to update any forward-looking statements. For further information on
factors that could impact ATK, and statements contained herein, please refer to ATK’s most recent
Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q and current reports
on Form 8-K filed with the U.S. Securities and Exchange Commission.
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, inc luding 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.