USMC Awards Elbit Systems of America a $73.4 million IDIQ Contract for the Common Laser Range Finder - Integrated Capability

FORT WORTH, Texas, March 22, 2015 /PRNewswire/ --

The United States Marine Corps awarded a subsidiary of Elbit Systems of America, LLC, a wholly-owned subsidiary of Elbit Systems Ltd., a $73.4 million,  Indefinite Delivery/Indefinite Quantity contract for the Common Laser Range Finder-Integrated Capability (CLRF-IC). Work will be performed in Merrimack, New Hampshire. The period of the IDIQ contract extends through March 2020. To date, Elbit Systems of America has received an initial order in the amount of $7.5 million under the IDIQ contract.

"We are pleased to provide the USMC with their new rugged CLRF-IC, a lightweight system that is mission-ready and safer for the foot-mobile Marine," commented Raanan Horowitz, President and Chief Executive Officer of Elbit Systems of America. "Leveraging the innovative capabilities of our imaging, range finding, and degraded environment navigation solutions, Marines are now able to acquire targets without breaking cover from their concealed fighting positions and minimize impact while on the move."

The CLRF-IC replaces the Marine's currently fielded equipment with a system that provides 24-hour observation capability; accurate range to targets; the ability to confirm spot on target with laser designation systems; and accurate target location in a variety of conditions, including magnetically disturbed environments, areas with overhead clutter, and in GPS-denied situations. The CLRF-IC's highly reliable performance and minimal life cycle cost give the warfighter a more affordable mission capability.

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 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 and radios. The Company also focuses on the upgrading of existing 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 © 2015 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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