FORT WORTH, Texas, December 20, 2017 /PRNewswire/ --
M7 Aerospace, LLC, a wholly-owned subsidiary of Elbit Systems of America, LLC (NASDAQ: ESLT) (TASE: ESLT), was awarded a contract from DynCorp International to provide Life Cycle Contractor Support (LCCS) for the U.S. Army's C-26 and UC-35 aircraft fleet. The award is for a one year base period of up to $25 million, and five single year option periods. If all options are exercised, the total contract is valued at up to $176 million. Services will be managed in San Antonio, Texas.
This contract reinforces the company's market position as a leading provider of life-cycle support for aircraft and ground platforms. The company offers a full range of reliable sustainment and support solutions. These include contractor logistics support (CLS), and engineering, maintenance, repair and overhaul services. Elbit Systems of America has a 25-year history of providing support to U.S. military customers. M7 Aerospace consistently earns exceptionally high mission capable ratings on its CLS programs and provides reporting and analysis for the Failure, Reporting, Analysis, and Corrective Action System for the U.S Army C-12, C-26 and UC-35 aircraft fleet.
"Our company is a trusted, proven supplier of sustainment and support solutions for many of our nation's aircraft and land vehicles," said Raanan Horowitz, president and CEO Elbit Systems of America. "We bring a commitment to listen and work closely with our customers, and then deliver exceptional turn-key logistics solutions to support their missions."
M7 Aerospace and Elbit Systems of America will work closely with their partner, DynCorp International, to provide LCCS services for the C-26 and UC-35 aircraft. These include aircraft modifications and upgrades, site and depot-level maintenance and material management.
For a quarter of a century, employees of Elbit Systems of America have been entrusted with performing high-quality work knowing that it protects and saves lives. In addition to providing value-added sustainment and support solutions, the company also provides advanced capabilities for our nation's military, border patrol agents and commercial pilots, as well as life-saving medical instrumentation technologies.
About Elbit Systems of America, LLC
Elbit Systems of America is a leading provider of high performance products, system solutions, and support services focusing on the defense, homeland security, commercial aviation, 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) (TASE: ESLT), a global high technology company engaged in a wide range of programs for innovative defense and commercial applications. For additional information, visit: http://www.elbitsystems-us.com or follow us on Twitter.
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.
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 © 2017 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.
SOURCE Elbit Systems of America, LLC