Elbit Systems of America Receives $102M ID/IQ Contract for the Supply of Mortar Fire Control Systems to the U.S. Army

FORT WORTH, Texas, February 16, 2017 /PRNewswire/ --

Elbit Systems of America announced that it was awarded an Indefinite Delivery Indefinite Quantity (ID/IQ) contract to provide and field mortar fire control systems for the U.S. Army. The contract was awarded by the Army Contracting Command, Picatinny Arsenal, New Jersey. If fully ordered, the maximum value of the contract is $102 million.  The contract completion date is December, 2021.  

This recent contract award further reinforces Elbit Systems of America's position as a leading provider of mortar fire control systems for the U.S. Army since 2009. The company was also awarded the U.S. Army's Mortar Weapon Systems contract in the fall of 2016 for the production of 60mm, 81mm, and 120mm Mortar Weapon Systems. In addition, Elbit Systems of America is responsible for all aspects of fielding activity for 60mm, 81mm and 120mm mortar systems and the M326 Mortar Stowage Kit (MSK). These contracts support the Army's Product Manager for Guided Precision Munitions and Mortar Systems for US and foreign allied delivery requirements.

"Elbit Systems of America provides soldiers enhanced capabilities and fire power to perform combat missions," said Raanan Horowitz, president and chief executive officer of Elbit Systems of America.  "Our company is focused on providing advanced and proven capabilities that our nation's warfighters can trust to accomplish their mission and return home."

Elbit Systems of America's mortar fire control systems for the U.S. Army consist of the Mortar Fire Control Systems Mounted (MFCS-M), Mortar Fire Control Systems Dismounted (MFCS-D), and a lightweight handheld mortar ballistic computer. This improves mission success with greater accuracy while reducing potential exposure to the enemy. For example, the systems allow soldiers to position the weapon, lock target, and engage the enemy in minimal time.

"As an industry leader of fire control systems and mortar weapon systems, Elbit Systems of America is committed to providing advanced technologies that continuously improve our soldier's ability to deliver responsive and accurate indirect fires," commented Dr. Amela Wilson, Elbit Systems of America's vice president of Sensors and Fire Control Solutions.

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 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 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.

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 © 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.

Elbit Systems of America Media Contacts:
Rod Gibbons, +1-817-234-6834, [email protected]
Shari Clarkson, +1-682-286-2363, [email protected]

SOURCE Elbit Systems of America