HAIFA, Israel, November 17, 2014 /PRNewswire/ --
Elbit Systems Ltd. (NASDAQ and TASE :ESLT) ("Elbit Systems") announced today that it was awarded a contract from DIEHL BGT Defence GmbH & Co. KG ("DIEHL Defence") to provide J-MUSIC™ Multi-Spectral Directed Infrared Counter Measure (DIRCM) systems for the first phase of the German Air Force's Self-Protection program for its new Airbus A400 aircraft. The contract will be performed over approximately one-year and is in an amount that is not material to Elbit Systems.
Designed to protect large military and commercial aircraft against attacks by ground to air heat seeking man-portable missiles (MANPADS), the J-MUSIC systems, will be integrated into a multi-turret DIRCM system, ensuring 360° protection of the aircraft.
Elbit Systems has completed extensive testing of the J-MUSIC system and has already delivered systems to equip several types of aircraft to various customers.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, commented: "We are proud of our cooperation with DIEHL Defence on DIRCM that has resulted in this initial contract for the protection of the German Air Force's A400M aircraft. Our DIRCM systems provide effective protection to the growing threat of MANPADS, and we hope that additional customers will follow and select our systems as their preferred solution".
The C-MUSIC DIRCM system, another member of Elbit Systems DIRCM family, was developed for the Israeli National "Sky Shield" program, for the protection of the Israeli large commercial aircraft fleet.
About Elbit Systems
Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of 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, signal intelligence ("SIGINT") systems, data links and communications systems and radios. The Company also focuses on the upgrading of existing military platforms, developing new technologies for defense, homeland security and commercial aviation applications and providing a range of support services, including training and simulation systems.
For additional information, visit: http://www.elbitsystems.com or follow us on Twitter.
About Diehl Defence
Diehl Defence is a corporate division of the German Diehl Group, concentrating all business activities in the fields of defence and security as a holding company. Diehl Defence achieves annual sales of € 540 million* with 2,800 employees*. As a competent partner of international armed forces, Diehl Defence manages numerous subsidiaries, program and affiliated companies.
The product portfolio ranges from highly accurate guided missiles for armies, air forces and navies, system solutions for ground-based air defence, intelligent ammunition solutions to innovative reconnaissance and protection systems. In the fields of equipment, repair and modernisation of military vehicles, Diehl Defence is also among the leading global supplier.
(*Trend 2014)
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.
Contacts:
Company Contact:
Joseph Gaspar, Executive VP & CFO
Tel: +972-4-8316663
j.gaspar@elbitsystems.com
Dalia Rosen, VP, Head of Corporate Communications
Tel: +972-4-8316784
dalia.rosen@elbitsystems.com
Elbit Systems Ltd.
IR Contact:
Ehud Helft
Kenny Green
GK Investor Relations
Tel: 1-646-201-9246
elbitsystems@gkir.com
SOURCE Elbit Systems Ltd
