International Breakthrough in the Protection of Commercial Aviation Aircraft: Elbit Systems to Supply the Israeli Ministry of Transportation With C-MUSIC for $76 Million

Jun 25, 2009, 06:19 ET from Elbit Systems Ltd

HAIFA, Israel, June 25 /PRNewswire-FirstCall/ -- Elbit Systems Ltd. (NASDAQ: ESLT), announced that it will supply the Israeli Ministry of Transportation with the C-MUSIC system (commercial multi-spectral infrared countermeasure) under a contract in the amount of approximately $76 million. The system, to be supplied by Elbit Systems' wholly owned subsidiary, Elbit Systems Electro-optics El-Op Ltd., is to be installed aboard a variety of commercial aircraft owned by Israeli commercial airlines.

(Logo: )

C-MUSIC is based on the MUSIC(R) system, a direct infra-red countermeasure technology for military aircraft and helicopters that disrupts missiles fired at aircraft and causes them to veer off course by transmitting a laser beam.

The systems' reliability, rapid-response and ability to deal with multiple threats is considered to be among the most advanced systems of its kind in the world today.

Elbit Systems' MUSIC(R) system completed a series of flight tests recently.

Joseph Ackerman, president and chief executive officer of Elbit Systems, said: "We take great pride in the selection of C-MUSIC by the Israeli Ministry of Transportation and see it as a mission to assist in protecting commercial aircraft worldwide. This selection represents a major accomplishment for Elbit Systems and attests to the quality, innovative technology and advanced capabilities that we offer to our customers. This is a significant breakthrough in this field, and we believe that many customers worldwide will decide to install these systems aboard their commercial aircraft fleets".

Leading aviation industries and air forces have expressed increasing interest in the system and its capabilities.

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 air vehicle (UAV) systems, 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.

- MUSIC and C-MUSIC are either registered trademarks or trademarks of Elbit Systems Electro-optics El-Op Ltd. in Israel and/or other countries

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.

    Company Contact:
    Joseph Gaspar, Executive VP & CFO
    Dalia Rosen, Head of Corporate Communications
    Elbit Systems Ltd
    Tel: +972-4-8316663
    Fax: +972-4-8316944

    IR Contact:
    Ehud Helft / Kenny Green
    G.K. Investor Relations
    Tel: +1-646-201-9246

SOURCE Elbit Systems Ltd