Elbit Systems of America ~ October 5, 2009,FORT WORTH, Texas, October 5 /PRNewswire-FirstCall/ -- Elbit Systems of America, LLC, a wholly owned subsidiary of Elbit Systems Ltd. (NASDAQ: ESLT - News) announced award of an indefinite-delivery/indefinite-quantity, firm-fixed-priced contract, to provide 100W power amplifiers (PA) for the Digital Modular Radio (DMR) program. The contract has a potential value of up to $11.4M over a five-year period.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300488 )
The DMR is a compact, multichannel standard software-defined radio that provides several radio communications waveforms and multilevel information security for voice and data communications. Digital modular radios operate aboard the Navy's surface and subsurface vessels, fixed sites and other DoD communication platforms using frequencies ranging from 2MHz to 2GHz
SPAWAR is awarding the 100W DMR PA contract on behalf of its organizational partner, the Navy's Program Executive Office for Command, Control, Communication, Computers and Intelligence Systems. Elbit Systems of America will perform the work on this program at its facilities in Tallahassee, Florida and the contract is expected to be completed in September of 2014.
"This order reflects our continued and growing relationship with the US Navy and we are grateful for the trust they continue to place in our Power Amplifier product family" said Elbit Systems of America President and CEO Raanan Horowitz. "Our product development team works hard to anticipate and accommodate the state of the art radio systems our partners are introducing. With our new developments in miniaturization and customized communications solutions, we stand ready to meet our warfighter's future communication needs."
About Elbit Systems of America, LLC
Elbit Systems of America is a leading provider of high performance products and system solutions focusing on the commercial aviation, defense, homeland security, and medical instrumentation markets. With facilities throughout the United States, Elbit Systems of America is dedicated to supporting those who contribute daily to the safety and security of the United States. Elbit Systems of America, LLC is wholly owned by Elbit Systems Ltd. (NASDAQ: ESLT - News), a global electronics company engaged in a wide range of programs for innovative defense and commercial applications.
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 military 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. For additional information, visit: http://www.elbitsystems.com.
Trademarks
Elbit Systems of America and other trademarks, service marks and logos are registered or unregistered marks of Elbit Systems of America companies in the United States and in foreign countries. Copyright (c) 2009 Elbit Systems of America. All rights reserved.
Forward Looking Statement
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.
Contact: Lynn Peugh, +1-817-234-6696, lynn.peugh@elbitsystems-us.com
(Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300488 )
The DMR is a compact, multichannel standard software-defined radio that provides several radio communications waveforms and multilevel information security for voice and data communications. Digital modular radios operate aboard the Navy's surface and subsurface vessels, fixed sites and other DoD communication platforms using frequencies ranging from 2MHz to 2GHz
SPAWAR is awarding the 100W DMR PA contract on behalf of its organizational partner, the Navy's Program Executive Office for Command, Control, Communication, Computers and Intelligence Systems. Elbit Systems of America will perform the work on this program at its facilities in Tallahassee, Florida and the contract is expected to be completed in September of 2014.
"This order reflects our continued and growing relationship with the US Navy and we are grateful for the trust they continue to place in our Power Amplifier product family" said Elbit Systems of America President and CEO Raanan Horowitz. "Our product development team works hard to anticipate and accommodate the state of the art radio systems our partners are introducing. With our new developments in miniaturization and customized communications solutions, we stand ready to meet our warfighter's future communication needs."
About Elbit Systems of America, LLC
Elbit Systems of America is a leading provider of high performance products and system solutions focusing on the commercial aviation, defense, homeland security, and medical instrumentation markets. With facilities throughout the United States, Elbit Systems of America is dedicated to supporting those who contribute daily to the safety and security of the United States. Elbit Systems of America, LLC is wholly owned by Elbit Systems Ltd. (NASDAQ: ESLT - News), a global electronics company engaged in a wide range of programs for innovative defense and commercial applications.
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 military 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. For additional information, visit: http://www.elbitsystems.com.
Trademarks
Elbit Systems of America and other trademarks, service marks and logos are registered or unregistered marks of Elbit Systems of America companies in the United States and in foreign countries. Copyright (c) 2009 Elbit Systems of America. All rights reserved.
Forward Looking Statement
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.
Contact: Lynn Peugh, +1-817-234-6696, lynn.peugh@elbitsystems-us.com
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