Thursday, May 31, 2007

Israel's Elbit Wins Big Thermal Imaging Contracts

Elbit Systems Awarded Contracts to Supply Elop's Lightweight Thermal Imagers to the Canadian and Israeli Armed Forces as well as other Customers Worldwide, at a total value of approximately $50 million


Further Reading:

Haifa, Israel, May 29, 2007 – Elbit Systems Ltd. (NASDAQ: ESLT) announced that its subsidiary Elbit Systems Electro-Optics Elop Ltd. ("Elop") has been awarded several contracts valued at a total of approximately $50 million to supply hand-held Thermal Imaging systems to the Canadian and Israeli armed forces as well as for additional customers worldwide.

"Elop's advanced hand-held Thermal Imaging systems are part of the CORAL family of products. They combine advanced capabilities and high performance with compactness and low energy consumption, providing a considerable advantage to infantry forces," said Elop’s General Manager, Haim Rousso.

"These orders, that follow other recent contract awards around the globe, further establish our position as a market leader in advanced Thermal Imaging systems optimized for the modern battlefield."

The hand-held night vision Thermal Imaging system is lightweight (less than 2.5 kg) and is carried by an infantry soldier on a neck-strap. The system enables the user to view targets at night at tactical ranges, from either fixed positions or while in motion.

About Elbit Systems Electro-Optics Elop Ltd.

Elbit Systems Electro-Optics Elop Ltd. (Elop) is a globally recognized multidisciplinary electro-optics systems house – incorporating the full range of related technology and facilities under one roof. Elop entered the field of Thermal Imaging systems in the 1970s and has produced and supplied thousands of Thermal Imaging systems to the most demanding military organizations and defense industries worldwide, employing the latest thermal imaging technologies for use in almost all known military night vision applications.

About Elbit Systems Ltd.

Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of defense-related programs throughout the world. The Elbit Systems Group, which includes the company and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence, surveillance and reconnaissance ("C4ISR"), advanced electro-optic and space technologies, EW suites, airborne warning systems, ELINT systems, data links and military communications systems and equipment.

The Group also focuses on the upgrading of existing military platforms and developing new technologies for defense and homeland security applications.