Elbit Systems Teams With Honeywell to Supply Head-Up
Display (HUD) Systems to Commercial Air Transport Market
HAIFA, Israel, Jul 6, 2004 /PRNewswire-FirstCall via COMTEX/ -- Elbit
Systems Ltd. (ESLT)
announced today that its U.S. subsidiary has teamed with Honeywell to supply
head-up display (HUD) systems to the commercial air transport market.
Honeywell's first program under this agreement will be to equip a major
cargo carrier's fleet of wide-body aircraft with the advanced HUD.
Under the terms of the new contract, awarded by Honeywell International Air
Transport Division, Elbit Systems will supply overhead electro-optical
projection units, which will be integrated into Honeywell's new HUD system
for Honeywell's commercial air transport customers. The electro-optical
units are based on advanced HUD technologies developed by Elbit Systems'
subsidiary Elop Electro-Optics Industries Ltd. (El-Op) for military use and
on its extensive experience as a supplier of thousands of HUD systems to its
customers worldwide.
The HUD system allows commercial pilots to view essential flight information
while looking directly outside the windshield. The unit will be used mainly
during take-off and landing, enhancing aircraft safety. The HUD system
displays flight symbols as well as Enhanced Vision System (EVS) imagery. The
unit will utilize novel Liquid Crystal Display (LCD) technology developed by
Honeywell as the image source. The new image source provides higher quality
and improved reliability, as compared to the Cathode Ray Tube (CRT)
technology used in older HUD systems.
Joseph Ackerman, President and CEO of Elbit Systems ,commented: "We are very
pleased to partner with Honeywell Air Transport Division in the commercial
HUD market. I am confident that our unique experience with commercial
avionics and electro-optic systems, together with Honeywell's leadership
position in the avionics market will benefit both companies."
Elbit Systems has recently received orders, valued at more than $50 million,
for the commercial air transport aviation market, a significant part of
which is a result of this agreement.
About Elbit Systems
Elbit Systems Ltd. is an international defense electronics company engaged
in a wide range of defense-related programs throughout the world, in the
areas of aerospace, land and naval systems, command, control,
communications, computers, intelligence, surveillance and reconnaissance
("C4ISR"), advanced electro-optic and space technologies. The Company
focuses on the upgrading of existing military platforms and developing new
technologies for defense and homeland security applications.
For more about Elbit Systems, please visit our website at
http://www.elbitsystems.com.
Contacts:
Company contact:
Ilan Pacholderr, VP Finance & Capital Market
Elbit Systems Ltd.
Tel: +972-4-831-6632
Fax: +972-4-831-6659
Pacholder@elbit.co.il
IR Contacts:
Ehud Helft/Kenny Green
Gelbart Kahana
Tel: 1-866-704-6710
Fax: +972-3-607-4711
ehud@gk-biz.com,
kenny@gk-biz.com
STATEMENTS IN THIS PRESS RELEASE WHICH ARE NOT HISTORICAL DATA ARE
FORWARD-LOOKING STATEMENTS WHICH INVOLVE KNOWN AND UNKNOWN RISKS,
UNCERTAINTIES OR OTHER FACTORS NOT UNDER THE COMPANY'S CONTROL, WHICH MAY
CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE
MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE OR OTHER EXPECTATIONS
IMPLIED BY THESE FORWARD-LOOKING STATEMENTS. THESE FACTORS INCLUDE, BUT ARE
NOT LIMITED TO, THOSE DETAILED IN THE COMPANY'S PERIODIC FILINGS WITH THE
SECURITIES AND EXCHANGE COMMISSION.
SOURCE Elbit Systems Ltd.
Company contact: Ilan Pacholderr, VP Finance & Capital Market
of Elbit Systems Ltd., +972-4-831-6632, or fax: +972-4-831-6659,
Pacholder@elbit.co.il; IR
Contacts: Ehud Helft, ehud@gk-biz.com,
or Kenny
Green, kenny@gk-biz.com, both of
Gelbart Kahana, +1-866-704-6710, or fax:
+972-3-607-4711, all for Elbit Systems Ltd.
http://www.elbitsystems.com
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