Elbit Systems of America Awarded $8.2M Contract for Helmet Display and Tracker System (HDTS) for U.S. Marine Corps AH-1W

Jan 13, 2010, 06:08 ET from Elbit Systems of America

FORT WORTH, Texas, January 13 /PRNewswire-FirstCall/ -- Elbit Systems of America, LLC, a wholly owned subsidiary of Elbit Systems Ltd. (NASDAQ: ESLT) announced receipt of contracts from the United States Marine Corps (USMC) for Elbit Systems of America Helmet Display and Tracker System (HDTS) for the USMC AH-1W Attack Helicopter. The contract effort covers the development of retrofit kits to incorporate HDTS into the AH-1W helicopter. Elbit Systems of America will be assisted in this program by subcontractors Elbit Systems Ltd. Aerospace Division as well as Service Support Associates Inc. Elbit Systems of America was chosen based upon the previously successful 1st flight of HDTS on the USMC AH-1W in November 2007 at NAS Patuxent River, Maryland.

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The program is valued at $8.2 million and is to be performed through 2010. Award of a contract for HDTS production kits and installation is expected in September 2010.

The HDTS system provides significant increases in situational awareness and safety by allowing pilots to fly "head out of the cockpit" during day and night operations and combines it with Other Pilot Line of Sight (OPLOS) information. This information further increases crew situational awareness and effectiveness, while reducing workload. The system is based on the proven Elbit Systems ANVIS/HUD(R) which has been in use by U.S. Army, U.S. Navy, U.S. Marines and U.S. Air Force rotary wing pilots since the mid- 1990's. The system is installed on most of the U.S. utility and cargo helicopter fleet platforms, including the UH-60L, CH-53E, CH-47D, CH-46E, UH-1N, V-22 and others, and has seen extensive operational use in Iraq and Afghanistan.

Commenting on the contract milestone, Raanan Horowitz, President and CEO of Elbit Systems of America said, "Elbit Systems of America is pleased and honored to support the USMC AH-1W team. The previous demonstration efforts were completed months ahead of schedule and we will press ahead for similar results in this program phase. Production deliveries of the HDTS will provide greatly enhanced situational awareness and reduce cockpit workload for the USMC war-fighter in the AH-1W cockpit."

In combination with OPLOS and weapons aiming and targeting information, the HDTS will provide US Marine Corps helicopter pilots with flight data symbology 24 hours a day, utilizing new, light-weight flat panel displays superimposed over helmet mounted night vision goggles for the night, and the Day HUD for day display of relevant flight symbology.

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.

Contact: Lynn Peugh, +1-817-234-6696, lynn.peugh@elbitsystems-us.com

SOURCE Elbit Systems of America