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Elbit Systems' Brazilian Subsidiary, AEL Sistemas, Awarded $85 Million Contract by Embraer Defense and Security, to Upgrade Brazilian Air Force's F-5
HAIFA, Israel, April 11, 2011/PRNewswire-FirstCall/ -- Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems")
announced today that its Brazilian subsidiary, AEL Sistemas S.A ("AEL") was
awarded a follow-on contract from a subsidiary of Embraer S.A. ("Embraer
Defense and Security") for the upgrade of eleven F-5 aircraft. AEL is the
main subcontractor to Embraer Defense and Security, the prime contractor for
the project. The contract is valued at $85 million, to be performed through
2013.
(Logo:
http://www.newscom.com/cgi-bin/prnh/20080408/300441 )
The upgrade contract, which is a follow-on to contracts
awarded in 2001 and 2007, will include engineering services and the delivery
of all system equipment, including the mission computer, display systems,
radar, EW system, ammunition management system and other avionics products.
In addition, as part of the contract, AEL will supply a flight simulator,
spares and ground support equipment.
Joseph Ackerman, President and CEO of Elbit Systems,
commented: "We are proud of AEL's selection to perform this follow-on
project, which underscores AEL's ability to provide both Embraer and the
Brazilian Air Force with advanced in-country engineering, development,
manufacturing and logistics support. Through significant investments and
on-going joint programs, AEL has become a center of excellence for avionics
and the follow-on award attests to the customer's satisfaction with our
performance track record." Ackerman added: "We trust that the new contract
will further strengthen the excellent cooperation between AEL, Embraer and
the Brazilian Air Force, and we hope that other customers will decide to
follow Brazil and select our combat-proven upgrade programs."
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.
Contacts:
Company Contact:
Joseph Gaspar, Executive VP & CFO
Tel: +972-4-8316663
j.gaspar@elbitsystems.com
Dalia Rosen, VP, Head of Corporate Communications
Tel: +972-4-8316784
dalia.rosen@elbitsystems.com
Elbit Systems Ltd.
IR Contact:
Ehud Helft
Kenny Green
CCG Investor Relations
Tel: +1-646-201-9246
e-mail: elbitsystems@ccgisrael.com
Photo:
http://www.newscom.com/cgi-bin/prnh/20080408/300441
Source: Elbit Systems Ltd
Company Contact: Joseph Gaspar, Executive VP & CFO, Tel: +972-4-8316663, j.gaspar@elbitsystems.com ; Dalia Rosen, VP, Head of Corporate Communications, Tel: +972-4-8316784, dalia.rosen@elbitsystems.com, Elbit Systems Ltd.; IR Contact: Ehud Helft, Kenny Green, CCG Investor Relations, Tel: +1-646-201-9246, e-mail: elbitsystems@ccgisrael.com
Elbit Systems' Brazilian Subsidiary, AEL Sistemas, Awarded $85 Million Contract by Embraer Defense and Security, to Upgrade Brazilian Air Force's F-5
HAIFA, Israel, April 11, 2011/PRNewswire-FirstCall/ -- Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems")
announced today that its Brazilian subsidiary, AEL Sistemas S.A ("AEL") was
awarded a follow-on contract from a subsidiary of Embraer S.A. ("Embraer
Defense and Security") for the upgrade of eleven F-5 aircraft. AEL is the
main subcontractor to Embraer Defense and Security, the prime contractor for
the project. The contract is valued at $85 million, to be performed through
2013.
(Logo:
http://www.newscom.com/cgi-bin/prnh/20080408/300441 )
The upgrade contract, which is a follow-on to contracts
awarded in 2001 and 2007, will include engineering services and the delivery
of all system equipment, including the mission computer, display systems,
radar, EW system, ammunition management system and other avionics products.
In addition, as part of the contract, AEL will supply a flight simulator,
spares and ground support equipment.
Joseph Ackerman, President and CEO of Elbit Systems,
commented: "We are proud of AEL's selection to perform this follow-on
project, which underscores AEL's ability to provide both Embraer and the
Brazilian Air Force with advanced in-country engineering, development,
manufacturing and logistics support. Through significant investments and
on-going joint programs, AEL has become a center of excellence for avionics
and the follow-on award attests to the customer's satisfaction with our
performance track record." Ackerman added: "We trust that the new contract
will further strengthen the excellent cooperation between AEL, Embraer and
the Brazilian Air Force, and we hope that other customers will decide to
follow Brazil and select our combat-proven upgrade programs."
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.
Contacts:
Company Contact:
Joseph Gaspar, Executive VP & CFO
Tel: +972-4-8316663
j.gaspar@elbitsystems.com
Dalia Rosen, VP, Head of Corporate Communications
Tel: +972-4-8316784
dalia.rosen@elbitsystems.com
Elbit Systems Ltd.
IR Contact:
Ehud Helft
Kenny Green
CCG Investor Relations
Tel: +1-646-201-9246
e-mail: elbitsystems@ccgisrael.com
Photo:
http://www.newscom.com/cgi-bin/prnh/20080408/300441
Source: Elbit Systems Ltd
Company Contact: Joseph Gaspar, Executive VP & CFO, Tel: +972-4-8316663, j.gaspar@elbitsystems.com ; Dalia Rosen, VP, Head of Corporate Communications, Tel: +972-4-8316784, dalia.rosen@elbitsystems.com, Elbit Systems Ltd.; IR Contact: Ehud Helft, Kenny Green, CCG Investor Relations, Tel: +1-646-201-9246, e-mail: elbitsystems@ccgisrael.com