Elbit Systems Awarded Israeli Police Force Helicopters Project Valued at Approximately US$115 Million

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Aug 27, 2015, 02:42 ET

HAIFA, Israel, August 27, 2015 /PRNewswire/ --

Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems"), announced today that it was awarded an Israeli Ministry of Public Security and the Israeli Police contract, valued at approximately US$115 million, to supply leasing and maintenance services for the Israeli Police Force's aircraft. The contract, awarded following a public tender, will be performed over a twenty-year period, and will include acquiring six new helicopters, adapting them to meet the Police requirements and performing routine maintenance.

The helicopters' configuration and onboard mission systems will be fitted to accommodate a wide variety of missions such as surveillance and policing, search and rescue, command and control and fire-fighting.

Elbit Systems, which will operate the helicopters under a PFI (Private Finance Initiative) contract, has been successfully operating PFI projects with the Israeli Defense Forces and in a number of countries around the world.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems said: "The decision of the Ministry of Public Security to award the helicopters project to us attests to the success of our PFI based projects, such as operating fixed-wing aircraft, helicopter and unmanned systems fleets, both in Israel and worldwide. We are proud to cooperate, yet again, with the Ministry of Public Security, the Israeli Police Force and the Fire Fighting Forces and to contribute our experience to Israel's safety and security".

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.

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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.

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Contacts:

Company Contact:

Joseph Gaspar, Executive VP & CFO
Tel: +972-4-8316663
[email protected]

Dalia Rosen, VP, Head of Corporate Communications
Tel: +972-4-8316784
[email protected]
Elbit Systems Ltd.

IR Contact:
Ehud Helft
Kenny Green
GK Investor Relations
Tel: +1-646-201-9246
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