Elbit : U.S. Navy Selects Elbit Systems of America Subsidiary for Logistical Support and Maintenance of Various Aircraft

FORT WORTH, Texas, May 15, 2019 /PRNewswire/ -- The United States Navy named Elbit Systems of America subsidiary, M7 Aerospace LLC, as one of the companies selected for the Contracted Maintenance, Modification, Aircrew and Related Services (CMMARS) program.

The CMMARS program covers logistical support and maintenance for various Navy and other U.S. Department of Defense aircraft for all phases of the acquisition life cycle. The multiple companies selected by the Naval Air Warfare Center Training Systems Division will compete for individual orders for the U.S. Navy and Air Force under this contract vehicle.

"Being selected on the CMMARS contract is a testament to the trusted partnership both M7 Aerospace and Elbit Systems of America has developed with the U.S. Navy," said Raanan Horowitz, President and CEO of ESA. "We're honored to continue providing innovative solutions to keep U.S. service members safe, so they can continue their important missions."

"Our goal is always to reduce operating and support costs, while achieving optimum asset readiness and mission performance for our customers," said Chris Hickey, Vice President of Sustainment and Support Solutions at ESA. "We look forward to providing our high level of expertise and experience to the U.S. Navy and others under CMMARS."

M7 Aerospace provides contractor logistics support, modifications and upgrades and aerospace engineering services to military and commercial aviation customers, both national and international. M7 Aerospace is located at the San Antonio International Airport.

For 25 years, Elbit Systems of America employees have been entrusted to perform high-quality work that helps to protect and save lives. In addition to providing advanced electro-optical and precision targeting solutions, the company also provides situational awareness and information fusion capabilities for our nation's military and commercial pilots and border patrol agents; sustainment and support solutions for aircraft and ground vehicles; and life-saving medical instrumentation technologies.

About Elbit Systems of America, LLC

Elbit Systems of America, headquartered in Fort Worth Texas for over 25 years, is a leading provider of high performance products, system solutions, and support services focusing on the defense, homeland security, commercial aviation, 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: ESLT and TASE: ESLT), a global high technology company engaged in a wide range of programs for innovative defense and commercial applications. For additional information, visit: www.ElbitAmerica.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, 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. For additional information, visit: 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 ©2019 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.

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SOURCE Elbit Systems of America, LLC