Elbit Systems of America Awarded $23 million IDIQ U.S. Army National Maintenance Contract for Repairs to ANVIS/HUD®
FORT WORTH, Texas, October 10, 2011 /PRNewswire/ --
Elbit Systems of America, LLC, a wholly owned subsidiary of Elbit Systems Ltd. has been awarded a five-year, $23 million Indefinite Delivery/Indefinite Quantity (IDIQ) National Maintenance Contract by the US Army Communications-Electronics Command (CECOM), Aberdeen Proving Grounds, for depot level repair services on Elbit Systems of America's Aviator's Night Vision Imaging System (ANVIS-7) Head Up Display (HUD) System (ANVIS/HUD®).
The contract is a follow-on to previous Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract for depot level repair services on the ANVIS/HUD®. Work will be performed by Elbit Systems of America Service and Support Solutions in Talladega, Alabama and is expected to be completed in 2016.
Elbit Systems of America is a world leader in providing sophisticated avionics systems for rotary and fixed wing military and commercial aircraft. Service and Support Solutions is the Elbit Systems of America Repair Center of Excellence, supporting Elbit Systems of America systems and those of several other major manufacturers. The ANVIS/HUD® collects and displays critical flight information from aircraft sensors and converts the information into visual imagery in rotary and fixed-wing aircraft. The system, which consists of the Signal Data Converter (SDC), Control Converter Unit (CCU) and the Helmet Display Unit (HDU), improves flight safety and situational awareness by reducing the pilot's head and eye motion for cockpit scanning. Using the ANVIS/HUD®, complicated maneuvers in bad weather and low visibility conditions, low altitudes, or night operations may be performed safely with enhanced survivability.
Elbit Systems of America, President and Chief Executive Officer, Raanan Horowitz commented: "This follow-on contract is evidence of our commitment to provide exceptional life-cycle management services in support of mission readiness requirements. We are proud to offer leading solutions and support for our ANVIS/HUD® and many other systems through the Repair Center of Excellence. This agreement reinforces our strong relationship with the Army and we look forward to our continued partnership."
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 and TASE: ESLT), 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 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.
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 © 2011 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.
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SOURCE Elbit Systems of America