CYBERBIT™, Elbit Systems' Subsidiary, Awarded Contracts Valued at an Approximately $22 Million to Supply Intelligence and Cyber Systems to a Customer in Asia-Pacific

Apr 04, 2016, 03:10 ET from Elbit Systems Ltd

HAIFA, Israel, April 4, 2016 /PRNewswire/ --

Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems"), announced today that its subsidiary, CYBERBIT Ltd. "CYBERBIT"), was awarded contracts to supply intelligence and cyber analysis and research systems for a country in Asia-Pacific for an aggregate amout of approximately $22 million. The systems will be supplied over a two- year period.

The systems to be supplied consist of CYBERBIT's WiT™ system, a highly advanced end-to-end intelligence and investigation solution, that supports every stage of the intelligence process, including the collection of the data from multiple sources, databases and sensors, processing of the information, supporting research, analysis and evaluation of the information with advanced analysis tools and disseminating the intelligence to the intended recipient.

Adi Dar, General Manager of CYBERBIT said: "We are proud to be selected to supply these advanced operational systems, which provide our customers with a significant leap forward in their intelligence analysis and collection capabilities. CYBERBIT is a world leader in the fields of SIGINT (Signal Intelligence) and cyber defense, with cutting edge solutions highly suitable for governmental agencies, large commercial organizations and critical infrastructure sites."

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: http://www.elbitsystems.com, follow us on Twitter or visit our official Youtube Channel

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.

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
GK Investor Relations
Tel: +1-646-201-9246
elbitsystems@gkir.com

SOURCE Elbit Systems Ltd