Elbit Systems of America Awarded a $106 Million Contract for the Upgrade of C-1A Aircraft for the Brazilian Navy

FORT WORTH, Texas, December 23, 2014 /PRNewswire/ --

Elbit Systems of America, LLC, a subsidiary of Elbit Systems Ltd., announced today that it received a directed subcontract from the Brazilian Navy to upgrade four Grumman C-1A aircraft. The prime contract is held by Marsh Aviation Company of Mesa, Arizona. The subcontract, valued at $106 million, will be performed by Elbit Systems of America over a five-year period.

The upgrade work will be performed in San Antonio, Texas, at the facilities of M7 Aerospace, an Elbit Systems of America subsidiary, under the supervision of Brazilian Navy officers who are currently deployed to San Antonio. When upgraded, the Grumman C-1A aircraft will be designated as KC-2 COD/AAR (Carrier Onboard Delivery/Air-to-Air Refueling) aircraft, for the ultimate use on the Brazilian Navy's aircraft carrier, the NAe São Paulo. AEL Sistemas S.A., Elbit Systems' Brazilian subsidiary, located in Porto Alegre, Brazil, will provide in-country contractor logistic support services for the program as a subcontractor to Elbit Systems of America.

"We are pleased to upgrade the Brazilian Navy's aircraft," commented Elbit Systems of America's President and Chief Executive Officer Raanan Horowitz. "We built a solid reputation of meeting commitments to our customers, and with the successful execution of this overhaul and modernization program we will be able to assist in enhancing the capabilities of the Brazilian Navy."

The Grumman C-1A upgrade will include aircraft return to service, engine replacement, installation and integration of new avionics (Glass Cockpit), new communication and ECS systems and air-to-air refueling capabilities.

"As an OEM and type certificate owner of twin-engine, fixed wing aircraft, we have the expertise to maintain transport and special mission aircraft," continued Horowitz. "Our process-driven solutions, including aircraft maintenance, modification and engineering support, are tailored to meet the unique requirements of the end-user. Through similar contractor logistic support efforts, our experienced workforce has sustained military platforms for over 20 years in the United States and globally with field and depot maintenance services, helping to keep the pilots in the air to complete their missions."

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 commercial aviation, defense, homeland security, cyber 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 and TASE: ESLT), a global electronics 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 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.

Trademarks 

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 © 2014 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.

Contact: Shari Clarkson | +1-682-286-2363 | [email protected]

SOURCE Elbit Systems of America

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