HAIFA, Israel, May 29, 2012
Elbit Systems Awarded Initial Contract to Supply Advanced Dismounted Soldier Systems to the Finnish Army
Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems") announced today that it was awarded a contract by the Finnish Army, to supply advanced dismounted soldier systems, in the first phase of a comprehensive ISTAR (Intelligence, Surveillance, Target Acquisition and Reconnaissance) program. The initial award is not in an amount that is material to Elbit Systems.
The solution offered by Elbit Systems includes enhanced observation soldier equipment (MARS), comprehensive situation awareness software, cutting edge combat soldier wearable radio (PNR1000) and computer systems intended to enhance the operational capabilities of the Finnish Army in the areas of reconnaissance, terrain dominance and dismounted soldiers. It will also support the Finnish Army in developing new combat -- doctrines, and as a basis for developing its future forward observation program.
Bezhalel (Butzi) Machlis, General Manager of Elbit Systems' Land and C4I Division, commented: "We are proud that Finland, a NATO Partner of Peace, has selected our systems following a rigorous competition, including field testing in Lapland. This win affirms yet again our leadership as a supplier of advanced solutions for soldier systems."
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
elbitsystems@ccgisrael.com