HAIFA, Israel, July 7 /PRNewswire-FirstCall/ -- Elbit Systems Ltd.
(NASDAQ: ESLT) announced today that it was awarded a contract by the Israeli
Ministry of Defense for the operation and maintenance of the new Israeli Air
Force's trainer, Beechcraft T-6 ('Effroni'). The contract amount which is not
material to Elbit Systems, will be delivered over the course of five years,
with an option for an additional five years.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 )
The IAF's new T-6 replaces jet trainer Fouga Magister ('Zukit') that has
served the IAF's flight school for decades. With the procurement of the new
trainer, the Israeli Air Force joins leading air forces in training new
pilots onboard turbo-prop aircraft, considered safer for training purposes
and more cost-effective than jet aircraft.
Yoram Shmueli, Co-General Manager of Elbit Systems' Aerospace Division,
said: 'We are extremely proud of this selection, which is yet another link in
the chain of IAF projects we have been managing and that consistently rank
high in the IAF's quality and performance tests.'
Shmueli added: 'We have witnessed a growing global trend toward
privatization of training operation and management and we hope that our
experience and reputation achieved in projects tailored for the IAF, will
leverage our position in similar projects worldwide.'
Elbit Systems has provided the IAF with maintenance services for its
training aircraft and helicopters since 2002.
About Elbit Systems
Elbit Systems Ltd. is an international defense electronics company
engaged in a wide range of defense-related 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
air vehicle (UAV) systems, 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 and developing new technologies for
defense, homeland security and commercial aviation applications.
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.
