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Last updated on April 18, 2014 at 16:49 EDT

U-TacS Awarded $70 Million Contract by Thales for Watchkeeper Maintenance and Logistic Support

April 15, 2010

HAIFA, Israel, April 15, 2010 /PRNewswire-FirstCall/ — Elbit Systems
Ltd. (NASDAQ: ESLT) announced today that UAS Tactical Systems Ltd. (U-TacS) -
its Leicester-based joint company with Thales UK,- has been awarded a $70
million
contract by Thales UK to provide Contractor Logistics Support (CLS)
services for the Watchkeeper project to be undertaken over the next three
years.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 )

The Watchkeeper project, one of the largest Unmanned Aircraft Systems
(UAS) projects in the world, is designed to provide the UK armed forces with
essential Intelligence, Surveillance, Target Acquisition and Reconnaissance
(ISTAR) capabilities. The project’s prime contractor is Thales UK. U-TacS is
in charge of development, integration, test flights and manufacture of the
UAS’ sub-systems, including the unmanned aircraft, the ground control
station, Elbit Systems Electro-Optics Elop’s D-CoMPASS(TM) payload and other
systems.

In conjunction with its role on the Watchkeeper project, U-TacS also
provides the Hermes(R) 450, under an Urgent Operational Requirement (UOR)
program, in which the UK armed forces operate Hermes(R) 450 UAS to support
its forces deployed in Afghanistan. Hermes(R) 450 UAS have flown more than
30,000 operational hours in support of these ongoing operations.

U-TacS is held 51% by Elbit Systems with the balance being owned by
Thales UK.

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.

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.

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

    Contacts:

    Company Contact:
    Joseph Gaspar, Executive VP & CFO
    Dalia Rosen, VP & Head of Corporate Communications
    Elbit Systems Ltd
    Tel: +972-4-8316663
    Fax: +972-4-8316944
    E-mail: j.gaspar@elbitsystems.com
    dalia.rosen@elbitsystems.com

    IR Contact:
    Ehud Helft / Kenny Green
    CCG Investor Relations
    Tel: 1-646-201-9246
    E-mail:elbitsystems@ccgisrael.com

SOURCE Elbit Systems Ltd


Source: newswire