Elbit Systems to Supply a Latin-American Country with Hermes(R) 900 UAS

This Selection Follows Initial Order of Hermes(R) 900 by the Israeli Defense Forces

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Jun 06, 2011, 04:08 ET

HAIFA, Israel, June 6, 2011 /PRNewswire-FirstCall/ -- Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems"), announced today that it was awarded a contract to supply a Latin American country with Hermes(R) 900 Unmanned Aircraft Systems (UAS). The project is not in an amount that is material to Elbit Systems.

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The UAS will also include complementing ground control stations, as well as Elbit Systems Electro-optics - Elop Ltd.'s highly advanced DCoMPASS(TM) payload systems and radar systems.

Hermes(R) 900 builds on the vast operational experience of the Hermes(R) 450, the backbone of the Israel Defense Forces' UAS fleet. Hermes(R) 900 offers a range of enhanced capabilities, from higher flight altitude (over 30,000 ft) to longer endurance and larger payload capacity. The system's unique multipurpose payload bay enables it to carry a wide variety of payloads in different shapes and sizes for quick "conversion" between various payload configurations.

The common unified ground control station (UGCS) and the shared software architecture and training programs, allows the Hermes(R) 900 to offer seamless integration for existing Hermes(R) 450 users, enhancing operational flexibility and cost effectiveness.

Joseph Ackerman, President and CEO of Elbit Systems, commented: "We are very proud of the Hermes(R) 900 selection, a major milestone in our UAS activity, following the Israeli Defense Forces' Hermes(R) 900 order". Ackerman added: "The selection attests to the customer's trust in our cutting edge UAS technology and further strengthens our position as a world leading UAS supplier. We hope that other international customers will follow in selecting the Hermes(R) 900 as their preferred solution."

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, airborne warning systems, ELINT systems, data links and military 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.

For additional information, visit: http://www.elbitsystems.com.

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.

    Contacts:

    Company Contact:                      IR Contact:
    Joseph Gaspar, Executive VP & CFO     Ehud Helft
    Tel: +972-4-8316663                   Kenny Green
    [email protected]             CCG Investor Relations
    Dalia Rosen, VP, Head of Corporate    Tel: +1-646-201-9246
    Communications                        e-mail: [email protected]
    Tel: +972-4-8316784
    [email protected]
    Elbit Systems Ltd.

SOURCE Elbit Systems Ltd