HAIFA, Israel, December 19, 2017 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that it was awarded a follow-on $46 million contract to supply additional J-Music™ DIRCM (Direct Infrared Countermeasures) self-protection systems to NATO, for its Airbus A330 Multinational Multi-Role Tanker Transport Fleet ("MMF") Program. The contract will be performed over a four-year period.
Similar to several previous awards from global air forces and other customers, Elbit Systems will equip NATO's Airbus A330 tankers with the J-Music DIRCM systems along with the Company's Infra-Red-based Passive Airborne Warning Systems (PAWS IR).
Colonel Jan der Kinderen, Chairman of the MMF Steering Group, highlighted: "The MMF users are very pleased that the Multi Role Tanker Transport aircraft (MRTTs) are going to be equipped with Elbit Systems' J-Music DIRCM system. This will greatly add to the safety and operational flexibility of the total fleet. It is also great to see how Airbus and Elbit Systems work closely together to integrate the systems."
Peter DOHMEN, General Manager, NATO Support and Procurement Agency (NSPA), said: "NSPA is pleased to award this contract to Elbit Systems and provide important capability for NATO"s A330 tanker fleet, which will allow the aircraft, crew and passengers to operate more safely in hostile environments."
Elad Aharonson, General Manager of Elbit Systems ISTAR Division, commented: "This follow-on contract that extends the supply of J-Music DIRCM and PAWS IR missile warning systems to NATO's MMF program, attests to Elbit Systems' technological and operational competitive advantage in addressing the intensifying threat of shoulder-launched surface-to-air missiles."
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.
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.
Joseph Gaspar, Executive VP & CFO
David Vaaknin, VP, Head of Corporate Communications
GK Investor Relations
SOURCE Elbit Systems Ltd