Elbit Systems of America Awarded US$15.6M Contract for Tactical Video Data Link (TVDL) for U.S. Marine Corps AH-1W
FORT WORTH, Texas, January 20 /PRNewswire-FirstCall/ -- Elbit Systems of America, LLC, a wholly owned subsidiary of Elbit Systems Ltd. (NASDAQ: ESLT) announced receipt of a contract from NAVAIR for Elbit Systems Tactical Video Data Link (TVDL) for the USMC AH-1W Attack Helicopter. The contract effort covers the development, production and installation of retrofit kits to incorporate TVDL into the AH-1W platform. Elbit Systems of America will be assisted in the effort by subcontractors Tadiran Spectralink and Service Support Associates Inc. (SSAI). Elbit Systems of America was chosen based upon the previously successful flight demonstration of TVDL in June 2008 at Patuxent River NAS, Maryland. The program is valued at approximately US$15.6 million and will be performed through 2010 including installation into fleet helicopters.
Elbit Systems of America President and CEO, Raanan Horowitz commented on the award: "Elbit Systems of America is pleased to provide this tactical video capability to the USMC AH-1W team. The TVDL will enable critically needed interoperability with other aircraft, ground forces and UAS. It will greatly enhance situational awareness and dissemination of valuable sensor information to the war-fighter."
The TVDL will provide US Marine Corps helicopter pilots with live UAS video and targeting information combined with the ability to retransmit this video and/or on board sensor video to other aircraft or and ground forces. The TVDL system weight is less than 8.5 lbs. The systems are planned to be operational in USMC fleet helicopters by the end of FY2010.
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), 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 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 and developing new technologies for defense, homeland security and commercial aviation applications.
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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