{"id":389181,"date":"2020-11-29T02:55:37","date_gmt":"2020-11-29T07:55:37","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=389181"},"modified":"2020-11-29T02:55:37","modified_gmt":"2020-11-29T07:55:37","slug":"elbit-systems-awarded-96-million-contract-to-supply-a-rotary-wing-mission-training-center-to-a-european-country","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/elbit-systems-awarded-96-million-contract-to-supply-a-rotary-wing-mission-training-center-to-a-european-country\/","title":{"rendered":"Elbit Systems Awarded $96 Million Contract to Supply a Rotary-Wing Mission Training Center to a European Country"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n HAIFA, Israel<\/span>, Nov. 29, 2020<\/span> \/PRNewswire\/ —\u00a0Elbit Systems Ltd.<\/b><\/a>\u00a0(NASDAQ: ESLT, TASE: ESLT) <\/b>(“Elbit Systems” or “the Company”) announced today that it was awarded a contract valued at approximately $96 million<\/span> to supply a European country with a Rotary-Wing Mission Training Center (“Rotary-Wing MTC”) and support services to train its Air Force, Army and Navy helicopter pilots and crews. The contract will be performed over a nine-year period, with an option to extend the maintenance services for an additional 10-year period. <\/p>\n

The Rotary-Wing MTC\u00a0is a networked multi-platform, mission-oriented, helicopter training center that will provide multi-level training for helicopter pilots and aircrews across the customer’s Armed Forces. The new training center will enable realistic simulated tactical training using all of the helicopter’s systems in a wide variety of mission scenarios. The Rotary-Wing MTC\u00a0draws on the unique technologies and accumulated operational experience of the Company’s fighter aircraft tactical mission training centers.<\/p>\n

\n
\n Yoram Shmuely<\/span>, <\/b>
\n General Manager of Elbit Systems’ Aerospace Division<\/b>\u00a0commented: “This contract highlights the growing importance that Armed Forces place on leveraging proven technologies to enhance readiness while reducing costs.”<\/p>\n

\n
\n About Elbit Systems <\/u>
\n <\/b>\n <\/p>\n

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, cyber-based systems and munitions. 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.<\/p>\n

For additional information, visit: https:\/\/elbitsystems.com\/<\/a>, follow us on Twitter<\/a> or visit our official Facebook<\/a>, Youtube<\/a> and LinkedIn<\/a> Channels.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n
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\n
\n Company Contact:<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

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\n
\n
\n IR Contact:<\/u>
\n <\/b>
\n <\/span>\n <\/p>\n

\n \u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Joseph Gaspar<\/b>, Executive VP & CFO<\/i><\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Ehud Helft<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Tel:\u00a0 +972-4-8316663 <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Kenny Green<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n j.gaspar@elbitsystems.com<\/a>\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n GK Investor Relations<\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n Tel: 1-646-201-9246<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Rami Myerson,<\/b>
\n Director, Investor Relations<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

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\n
\n elbitsystems@gkir.com<\/a>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

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\n Tel: +972-77-2948984 <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n rami.myerson@elbitsystems.com<\/a>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
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\n \u00a0<\/p>\n

\n
\n David Vaaknin,<\/b>
\n VP, Brand & Corporate Communications<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Tel: +972-77-2946691 <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n david.vaaknin@elbitsystems.com<\/a>\u00a0 <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n
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\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n

This press release may contain forward\u2013looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended\u00a0and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and\/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management’s current expectations, estimates, projections and assumptions\u00a0about future events. Forward\u2013looking 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, uncertainties\u00a0and assumptions about the Company, which are difficult to predict, including projections of the Company’s future financial results, its anticipated growth strategies and anticipated trends in its business.\u00a0 Therefore, actual future results, performance and trends may differ materially from these forward\u2013looking 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<\/span> and the United States<\/span> among others; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and\/or regulatory proceedings.\u00a0 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\u2013looking statements speak only as of the date of this release. Although the Company believes the expectations reflected in the\u00a0forward-looking\u00a0statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these\u00a0forward-looking\u00a0statements. The Company does not undertake to update its forward-looking statements.<\/p>\n

Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this Press Release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies.\u00a0 All other brand, product, service and process names appearing are the trademarks of their respective holders.\u00a0 Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/elbit-systems-awarded-96-million-contract-to-supply-a-rotary-wing-mission-training-center-to-a-european-country-301181303.html<\/a><\/p>\n

SOURCE Elbit Systems Ltd.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire HAIFA, Israel, Nov. 29, 2020 \/PRNewswire\/ —\u00a0Elbit Systems Ltd.\u00a0(NASDAQ: ESLT, TASE: ESLT) (“Elbit Systems” or “the Company”) announced today that it was awarded a contract valued at approximately $96 million to supply a European country with a Rotary-Wing Mission Training Center (“Rotary-Wing MTC”) and support services to train its Air Force, Army and Navy helicopter pilots and crews. The contract will be performed over a nine-year period, with an option to extend the maintenance services for an additional 10-year period. The Rotary-Wing MTC\u00a0is a networked multi-platform, mission-oriented, helicopter training center that will provide multi-level training for helicopter pilots and aircrews across the customer’s Armed Forces. The new training center will enable realistic simulated tactical training using all of … <\/p>\n

Continue reading “Elbit Systems Awarded $96 Million Contract to Supply a Rotary-Wing Mission Training Center to a European Country”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-389181","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nElbit Systems Awarded $96 Million Contract to Supply a Rotary-Wing Mission Training Center to a European Country - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/elbit-systems-awarded-96-million-contract-to-supply-a-rotary-wing-mission-training-center-to-a-european-country\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elbit Systems Awarded $96 Million Contract to Supply a Rotary-Wing Mission Training Center to a European Country - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire HAIFA, Israel, Nov. 29, 2020 \/PRNewswire\/ —\u00a0Elbit Systems Ltd.\u00a0(NASDAQ: ESLT, TASE: ESLT) (“Elbit Systems” or “the Company”) announced today that it was awarded a contract valued at approximately $96 million to supply a European country with a Rotary-Wing Mission Training Center (“Rotary-Wing MTC”) and support services to train its Air Force, Army and Navy helicopter pilots and crews. The contract will be performed over a nine-year period, with an option to extend the maintenance services for an additional 10-year period. The Rotary-Wing MTC\u00a0is a networked multi-platform, mission-oriented, helicopter training center that will provide multi-level training for helicopter pilots and aircrews across the customer’s Armed Forces. 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The contract will be performed over a nine-year period, with an option to extend the maintenance services for an additional 10-year period. The Rotary-Wing MTC\u00a0is a networked multi-platform, mission-oriented, helicopter training center that will provide multi-level training for helicopter pilots and aircrews across the customer’s Armed Forces. 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