Technology Sectors

Market Sectors

Military | Force Protection

Lockheed Martin Appoints Key Communications Leaders

BETHESDA, Md., Jan. 24, 2018 -- Lockheed Martin (NYSE: LMT) appointed Bill Phelps as vice president, External Communications, and Adam Sohn as vice president, Lockheed Martin Space Communications. Both report to Jennifer Whitlow, senior vice president, Lockheed Martin Communications.

Phelps succeeds Nettie Johnson who will retire from Lockheed Martin January 31, and Sohn succeeds Andrea Greenan, who was recently named vice president, Internal Communications.

Phelps has more than 20 years of experience in corporate communications, public relations and journalism. In his new role, he will lead the corporation's media relations, marketing communications, social media and visual communications functions. He joined Lockheed Martin in 2016 as director, Worldwide Media Relations, serving as the primary spokesperson for the corporation and leading the team responsible for external media engagements. Prior to Lockheed Martin, he was director of Corporate Communications for Altria, which owns some of the nation's largest tobacco companies, including Philip Morris USA. There, he led the media relations, online, internal communications and corporate marketing teams, supporting issues related to the company and its products, including Marlboro. He was also an account supervisor at Siddall, an advertising and public relations firm, and served several years as a television news producer at the NBC affiliate in Richmond, Virginia. Phelps holds a bachelor's degree in Communications from the University of Richmond and a master's degree in Business Administration from the Darden School of Business at the University of Virginia.

Sohn brings more than 20 years of demonstrated success as a communications leader in technology and politics to his new role. As vice president, Space Communications, he is responsible for integrated communications in support of the Lockheed Martin Space business, including employee engagement, community relations, marketing, social media and media relations. Previously, he was director of Strategic Communications at Amazon's devices and services business, where he led a team responsible for global communications strategy, thought leadership and issues management for products including Echo and Alexa, Fire TV, Fire Tablets and Kindle. Prior to joining Amazon, Sohn held a number of communications leadership roles at Microsoft where he was responsible for corporate brand reputation management, as well as, the launch and sustainment of key products such as the Bing search service and Windows. Early in his career he worked in policy, communications and technology for President Clinton's campaigns, the 1996 Presidential Inaugural Committee, and the Democratic National Committee. Sohn holds a bachelor's degree in Political Science from Swarthmore College.

For additional information, visit our website: www.lockheedmartin.com.

About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 97,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

SOURCE Lockheed Martin

Pasternack Debuts New Line of Compact Waveguide Gunn Diode Oscillators

IRVINE, Calif., Jan. 24, 2018 -- Pasternack, a leading provider of RF, microwave and millimeter wave products, has unveiled a new line of compact waveguide Gunn diode oscillators that are tunable and generate signal levels that exhibit low phase noise at popular K and Ka band frequencies. Typical applications include transmit and receive oscillators for radio communications, local oscillator source that can be multiplied for higher mm-wave frequency test and measurement, military and commercial radar sources, police radar, Doppler sensors and security screening.

Pasternack's new Gunn diode oscillators incorporate high performance devices and machined aluminum cavities.  Due to the extremely high external Q and temperature compensation mechanism, these oscillators exhibit excellent frequency and power stability, lower phase noise and higher anti-load pulling characteristics. There are two models in this series, the PEWGN1001 model is a K-Band waveguide Gunn oscillator module that generates a center frequency of 24.125 GHz with a tuning range of +/- 1.0 GHz. The PEWGN1000 model generates a Ka band center frequency of 35 GHz with a tuning range of +/- 3.0 GHz.  Both models incorporate self-locking tuning screws.

Performance specifications include phase noise as low as -98 dBc/Hz typical at 100 KHz offset and frequency stability as low as -0.2 MHz/°C maximum. The output power of these oscillators is +10 dBm min with power stability of -0.03 dB/°C maximum. Bias supply is +5 to +5.5 Vdc at 200 to 250 mA typical with an operating temperature range of -40°C to +85°C.  The rugged and compact package designs support output frequency ports with fully integrated Mil-grade waveguide flanges of WR-42 UG-595/U for K band and WR-28 UG-599/U for Ka band.    

"Our new series of K and Ka band Gunn diode oscillators offer popular center point frequencies of 24.125 and 35 GHz that are tunable. Designers will find these devices extremely useful for sensitive communication, radar and test and measurement applications. Pasternack offers both models available in stock with detailed datasheets and ready for immediate shipment," said Tim Galla, Product Manager.

Pasternack's new Gunn diode oscillators are in stock and ready for immediate shipment with no minimum order quantity. For detailed information on these products, please visit https://www.pasternack.com/pages/rf-microwave-and-millimeter-wave-products/waveguide-gunn-diode-oscillators.html.
For inquiries, Pasternack can be contacted at +1-949-261-1920.

About Pasternack:
A leader in RF products since 1972, Pasternack is an ISO 9001:2008 certified manufacturer and supplier offering the industry's largest selection of active and passive RF, microwave and millimeter wave products available for same-day shipping. Pasternack is an Infinite Electronics company.

LIFARS & SophistIT Launch Global Partnership

NEW YORK, Jan. 23, 2018 -- LIFARS, LLC, a New York City-based cybersecurity intelligence and digital forensics firm, announced today that it has started a partnership with SophistIT, an IT Solutions and complex cyber security consultancy firm headquartered in Bratislava, Slovak Republic. 

The partnership premiers a first in-class Incident Advisory and Response Retainer powered by the LIFARS brand featuring a flexible solution that enables any organization to respond adequately in the case of a cybersecurity breach. Key features of the offering consist of a remote and onsite advisory service to assist clients in preventing incidents, preparing to respond, and a remote-first response in the event of a cyber security incident. Additionally, the combined offering includes top-ranked hardware, software, skills and expertise, and a deep understanding of current malware and attack techniques to provide an optimal response to customers. 

"We are very pleased to enter into a partnership with SophistIT. This is a testament to the quality of our service and position in the U.S. as a leader in the field of digital forensics and cyber resiliency, that will now extend into international territories," says Ondrej Krehel, the Founder of LIFARS. "The market clearly recognizes the immense need for companies to implement proper cybersecurity measures on-site, which is a great sign," adds Krehel. 

"SophistIT's Elite Security Services are an important part of our complete cyber security incident response platform. SophistIT provides this unique offering to our customers in close partnership with LIFARS LLC. This combination of high-tech skill-sets and services provide a deep expertise of the cyber security environment and are required for a capable response," says Peter Beres, Co-Founder of SophistIT. 

Establishing a relationship with LIFARS & SophistIT before a cyber security incident enables the response team to become familiar with your customers' environments as if it were their own, allowing for a faster and more effective response similar to building an internal response team.

About LIFARS  
LIFARS is the global leader in Digital Forensics and Cyber Resiliency Services. Our experience spans decades working on high profile events often in coordination with law enforcement agencies around the world. Our methodology derives directly and indirectly from our experience working with and for US Intelligence Agencies, Interpol, Europol and NATO. We are solely dedicated to Cyber Resiliency and remain attentive to all aspects of our client's engagement experience while providing a strategic and integrated array of services to minimize risk, disruption and maximize the benefits from your cyber investments.

About SophistIT  
SophistIT is an IT solutions consultancy firm based in Bratislava, Slovak Republic. SophistIT brings next generation technologies with a combination of sophisticated services to answer cyber threats and meet the cyber security needs of today's world. Our solutions combine detection and analytic tools enriched by elite cyber security platforms, and include digital forensic investigation, professional and immediate reaction to data breach, deep testing and security of applications and web applications, and analysis of communication and digital risk in real-time.


Contact:
Michael Brown

LIFARS LLC 
240
E 35th St.
New York, NY 10016

Office: +1 212-222-7061

E: [email protected]
W: https://lifars.com
 
SOURCE LIFARS, LLC
Related Links
http://www.lifars.com

What can 5G learn from the Military Communications Market? A range of crossover technologies will become common across both commercial and military communications networks and devices

BOSTON, Jan. 22, 2018 -- Software defined architecture, solid-state technology, radio-satellite communications-wireless network integration as well as communicating voice and data/video simultaneously and securely in an increasingly complex spectrum environment will underpin growth for military communications systems and the associated component and semiconductor demand. The Strategy Analytics Advanced Defense Systems (ADS) service report, "Military Communications Market Outlook 2016 - 2026," forecasts spending on global military communications systems and services will grow to over $36.7 billion in 2026, a compound annual growth rate of 3.5%.

 

(PRNewsfoto/Strategy Analytics)...

 

Military communications operate under an umbrella of heterogeneous networks that enable the provision of interoperable voice, video and data services across a global environment, segmented according to security policies, transmission requirements and the individual needs of the end user. In terms of the networked battlespace, this can be summarized as:

  • Upper level networking, consisting of infrastructure and networking components;
  • Mid-level networking providing high capacity backhaul;
  • Support to the tactical edge for end-users and sensors

"In a similar fashion, 5G serves as an aggregator technology that will encompass a range of network types and technologies to serve both traditional voice, video and data requirements to the end-user, as well as opening up capabilities to enable connectivity across devices including vehicles, machines, sensors and devices," notes Eric Higham, North American Director for ADS.

Phased arrays, beam forming, millimeter-wave frequencies, satellite communications, Gallium Nitride, duplex communications and shared spectrum access are amongst the crossover technologies that will become common across both commercial and military communications.

"Communicating voice, data and video simultaneously and securely over wider and higher bandwidths in an increasingly complex spectrum environment will underpin trends for military communications system design and associated component demand," observed Asif Anwar, ADS Director at Strategy Analytics. "This will be underpinned by software defined architectures, solid-state technologies including gallium nitride and radio-satellite communications-wireless network integration."

Military Communications Market Outlook 2016 - 2026 presents the outlook for global military communications in terms of overall expenditure, as well as detailing expected shipments and associated demand for components and semiconductor technologies.

Spending on communications systems is segmented on a regional basis, and covers the land, air, sea and space domains. System shipments are derived through a robust analysis of the market based on platform and communications function and mission. Further segmentation of the market in terms of frequency and power is also presented for military radios and satellite communications.

The underlying numerical data is available in the Global Communications Market Forecast: 2016 - 2026 (https://www.strategyanalytics.com/access-services/components/defense/market-data/report-detail/global-military-communications-market-forecast-2016---2026) forecast data model that looks at the total military communications sector comprising radio and satellite terminals systems, as well as networks, datalinks and other communications systems. The report also details the resultant demand for semiconductor components, based on an assessment of market and technology trends. Supporting data models that focus on the military radio and satellite terminal sectors to complete this suite of information are:

About Strategy Analytics

Strategy Analytics, Inc. provides the competitive edge with advisory services, consulting and actionable market intelligence for emerging technology, mobile and wireless, digital consumer and automotive electronics companies. With offices in North America, Europe and Asia, Strategy Analytics delivers insights for enterprise success. www.StrategyAnalytics.com 

European Contact: Asif Anwar, +44(0) 1908 423 635, [email protected]

US Contact: Eric Higham, +1 617 614 0721, [email protected]

SOURCE Strategy Analytics

Related Links

http://www.strategyanalytics.com

Elbit Systems of America Names Brian Sinkiewicz as Senior Vice President of Airborne Solutions

FORT WORTH, Texas, Jan. 23, 2018 -- Elbit Systems of America, LLC  (NASDAQ: ESLT and TASE: ESLT), announced today that Mr. Brian Sinkiewicz has joined the company as Senior Vice President of its Airborne Solutions business unit.

Sinkiewicz comes to Elbit Systems of America from Textron Systems Corporation, where he most recently served as Senior Vice President and General Manager for the Weapon and Sensor Systems business.

In his new role, Sinkiewicz will be responsible for the overall performance, growth and customer engagement for the company's extensive portfolio of airborne solutions for U.S. and allied military customers. These solutions include intelligent pilot interface solutions, such as advanced cockpit and helmet mounted display systems; laser and dual-mode seekers for precision guided munitions; advanced aviation threat detection systems; and embedded avionics for aircraft communications, mission processing, and training and simulation.

"Brian's reputation and extensive experience in our industry exemplify a customer-first approach that aligns with our mission to provide innovative solutions for protecting and saving lives," commented Raanan Horowitz, President and Chief Executive Officer of Elbit Systems of America. "We look forward to Brian's leadership and contributions in helping Elbit America deliver advanced solutions that provide our military pilots the decisive edge in mission effectiveness."

Sinkiewicz earned a Bachelor's Degree in Business Administration from Bryant University, and a Master of Business Administration from Northeastern University.

For more information on Elbit Systems of America, please visit: www.ElbitAmerica.com

About Elbit Systems of America, LLC
Elbit Systems of America 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.elbitsystems-us.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 and communications systems, radios and cyber-based systems. 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 ©2018 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.

Contacts:
Rod Gibbons | 817-234-6834 | [email protected]
Shari Clarkson I 682-286-2363 I [email protected]

 

SOURCE Elbit Systems of America, LLC

Related Links

http://www.ElbitAmerica.com

The Culture Connection Gets Real: Secure Software Development Requires a New Mindset

NEW YORK, Jan. 22, 2018 – CA Technologies (NASDAQ:CA) today revealed results following the second phase of a global survey of more than 1,200 IT leaders around the topic of secure software development. Conducted by IT industry analyst firm Freeform Dynamics, the new report entitled, “Integrating Security into the DNA of Your Software Lifecycle,” highlights the influence of an organization’s culture on its ability to integrate security practices into their software development initiatives, a practice and approach commonly known as DevSecOps.

Today’s digital economy is fueled by software. When software is developed with security integrated from the start, the risk of data breaches is greatly diminished, providing users with heightened levels of confidence and trust when engaging with applications and services that are so ubiquitous in our online world.

According to survey respondents, the majority confirmed that software development supports growth and expansion, helps businesses compete and drives digital transformation. And yet, the findings show that, as software becomes more critical to business success in the digital economy, security concerns are exponentially on the rise. In fact, 74% of respondents agreed that security threats due to software and code issues is a growing concern. CA Veracode’s State of Software Security Report 2017 found that vulnerabilities continue to crop up in previously untested software at alarming rates, with 77% of apps having at least one vulnerability on initial scan.

Creating a culture of secure software development is a major challenge, according to the survey findings. An overwhelming 58% of respondents cited existing culture and lack of skills as hurdles to being able to embed security testing and evaluation within software development processes. Only 24% strongly agreed that the organization’s culture and practices supported collaboration across development, operations and security. On top of cultural limitations, less than a quarter of respondents strongly agreed that senior management would sacrifice time to market in order to have sufficient time to assess and repair software security vulnerabilities.

“Security is a key principle in any Modern Software Factory. While our survey findings confirm an overarching recognition in the importance of ensuring that data and systems are built and maintained securely, there is still a lack of cultural adoption within organizations around this pressing issue,” said Ayman Sayed, president and chief product officer, CA Technologies. “When coupled with security, Intelligent IT – the use of AI, machine learning and analytics to make better, more informed decisions – can dramatically change the way that business is done.”

The report showcases characteristics of “Software Security Masters” (the top 34% of respondents), which are organizations that have been able to fully integrate security into their software development lifecycles. This includes conducting early and continuous application testing for security vulnerabilities, as well as embracing the practice of DevSecOps.

In fact, when compared with the mainstream, respondents from the Software Security Masters were over two times more likely to strongly agree that they viewed security as an enabler of new business opportunities. These organizations also exhibited the following attributes:

● 50% higher profit growth
● 40% higher revenue growth
● Are 2.6x more likely to have security testing keep up with frequent app updates
● Are 2.5x more likely to be outpacing their competitors

“The organizations labeled as Software Security Masters are the beacons of hope in today’s digital economy. Not only do they exemplify and represent the cultural mindset necessary to adapt and thrive in today’s dynamic market, they are influencing change within the industry while shaping the workplace of the future,” concluded Sayed.

Survey Methodology
The global online survey of 1,279 senior IT and business executives was sponsored by CA Technologies and conducted by industry analyst firm Freeform Dynamics in July 2017. It was augmented by in-depth telephone interviews with key industry executives. For full survey methodology details, please see the report, “Integrating Security into the DNA of Your Software Lifecycle.”

Download the full report and other supporting materials:

● Report: Integrating Security into the DNA of Your Software Lifecycle
Infographic
● Ayman Sayed Blog: The Competitive Edge of DevSecOps

About Freeform Dynamics
Freeform Dynamics is an IT industry analyst firm. Through research and insights, the firm aims to help busy IT and business professionals get up to speed on the latest technology developments, and make better-informed investment decisions. For more information, and access to a library of free research, please visit www.freeformdynamics.com.

Peraton Names Former DHS Under Secretary Reginald Brothers as Executive Vice President and Chief Technology Officer

HERNDON, VA – Peraton has announced the appointment of Dr. Reginald Brothers as executive vice president and Chief Technology Officer, effective February 19, 2018.

As Chief Technology Officer, Brothers will lead a new organization responsible for strategic planning, technology solutions, business development, and mergers and acquisitions (M&A) for the company.

Most recently, Brothers was a principal with The Chertoff Group, a premier global advisory firm focused on security and risk management. Prior to that role, he served as Under Secretary for Science and Technology, Department of Homeland Security, where he was responsible for a science and technology portfolio that included basic and applied research, development, demonstration, testing and evaluation with the purpose of helping DHS operational elements and the nation’s first responders achieve their mission objectives.

From 2011 to 2014, he served as the Deputy Assistant Secretary for Research, Department of Defense, where he was responsible for policy and oversight of the Department’s science and technology programs and laboratories. Earlier in his career, Brothers held senior technology leadership roles in the Defense Advanced Research Projects Agency (DARPA) and the Communications and Networking business area at BAE Systems.

“Reggie brings a truly unique perspective to Peraton,” said Stu Shea, Peraton CEO. “From his successful career in government and the private sector, he possesses a deep understanding of the mission and technology requirements of our DoD and homeland security customers. We will look to Reggie to further strengthen, differentiate, and align Peraton’s technology development, customer engagement, and M&A activities across the markets we serve.”

He earned a B.S. in electrical engineering from Tufts University, an M.S. in electrical engineering from Southern Methodist University, and a Ph.D. in electrical engineering and computer science from the Massachusetts Institute of Technology.

 

About Peraton

Peraton provides innovative, reliable solutions to the nation’s most sensitive and mission-critical programs and systems. Peraton has significant experience providing highly differentiated space, intelligence, cyber/SIGINT, defense, homeland security, electronic warfare and secure communications solutions, and has become a trusted partner on missions that are critical to the security priorities of the United States. Capabilities include complex software and technology services and solutions, as well as end-to-end mission operations capabilities, including software systems development, offensive and defense cyber operations, modeling & simulation, mission management, and Quick Reaction Capabilities (QRC) / Research & Development. The company is headquartered in Herndon, VA, with approximately 3,500 employees across the U.S. and Canada.

LRAD® Corporation Acquires Location-Based Mass Messaging Solutions Provider, Genasys Holding S.L.

SAN DIEGO, CA – January 19, 2018 – LRAD Corporation (NASDAQ: LRAD), the world’s leading provider of acoustic hailing devices (“AHDs”) and advanced mass notification systems, today announced the acquisition of Genasys Holding S.L. (“Genasys”), a leading software provider of advanced location-based mass messaging solutions for emergency warning systems and workforce management.

Genasys, headquartered in Madrid, Spain, has an experienced group of developers with over 200 man years of software development and a strong, international technical sales, service, and support team. Genasys currently has two main product offerings: news – a reliable solution for sending SMS-based warnings of public safety hazards to affected populations with industry-leading speed; and, haz – a low cost, easy-to-use solution for remotely monitoring employees, planning tasks, and managing workplace incidents.

“The acquisition of Genasys enables LRAD to significantly enhance its advanced mass notification capabilities and pursue broader geolocation based mass messaging projects and services,” stated Richard S. Danforth, Chief Executive Officer of LRAD Corporation. “Many of the mass notification opportunities we target, including universities, cities, and countries, require an integrated location-based mass messaging service. With this acquisition, LRAD expects to generate revenue on initial installations and recurring revenue from long-term support contracts for updating and maintaining the messaging service over the life of the installations.”

“I am eager to leverage LRAD’s worldwide sales channels to seek accelerated growth of the Genasys mass notification software solutions,” remarked Pablo Colom, Genasys’ Chief Executive Officer. “Genasys has a solid track record of location-based mass messaging integrations and deployments, which include solutions for small workgroups to fully integrated country-wide systems. The synergies of Genasys’ push notification products and LRAD’s award-winning mass notification systems will provide state-of-the-art solutions to communicate potentially lifesaving information to those affected by severe weather, man-made and natural disasters and other emergencies.”

Revenues for Genasys in calendar 2017 (unaudited) were €1.9 million. Total consideration for the acquisition is €3.1 million, which includes a €1.9 million purchase price and the assumption of €1.2 million of debt.

Management will host a conference call to discuss the Genasys acquisition on Monday, January 22, 2018, at 12:00 pm U.S. EST. To access the conference call, dial toll-free 888.567.1602 from the U.S., or international at +1.404.267.0373. A webcast will also be available at the following link: https://www.webcaster4.com/Webcast/Page/1375/24207. A replay of the call will be available approximately four hours after the call concludes, and remain available for 90 days at the aforementioned webcast link. Questions to management may be submitted before or during the call by emailing them to [email protected].

About LRAD Corporation

Using advanced technology and superior voice intelligibility, LRAD Corporation’s proprietary Long Range Acoustic Devices® and revolutionary ONE VOICE® mass notification systems are designed to enable users to safely hail and warn, inform and direct, prevent misunderstandings, determine intent, establish large safety zones, and resolve uncertain situations. LRAD systems are in service in more than 70 countries around the world in diverse applications including mass notification and public address, fixed and mobile defense deployments, homeland, border, critical infrastructure, maritime, oil & gas, and port security, public safety, law enforcement and emergency responder communications, asset protection, and wildlife control and preservation. For more information, please visit www.LRAD.com.

About Genasys Holding S.L.
Genasys Holding S.L. is backed by Adara Ventures and Caixa Capital Risc, and is a leading software provider of advanced location-based mass messaging solutions for Emergency Warning Systems and Workforce Management. For more information, please visit www.LRAD.com/genasys.

Forward Looking Statements

Except for historical information contained herein, the matters discussed are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on these statements. We base these statements on particular assumptions that we have made in light of our industry experience, the stage of product and market development as well as our perception of historical trends, current market conditions, current economic data, expected future developments and other factors that we believe are appropriate under the circumstances. These statements involve risks and uncertainties that could cause actual results to differ materially from those suggested in the forward-looking statements. These risks and uncertainties include those associated with the integration of Genasys into the Company’s business, that the anticipated benefits and synergies of the transaction may not materialize as expected, that customer demand for the integrated product offerings may not meet expectations, and other risks and uncertainties identified and discussed in our filings with the Securities and Exchange Commission. These forward-looking statements are based on information and management’s expectations as of the date hereof. Future results may differ materially from our current expectations. For more information regarding other potential risks and uncertainties, see the “Risk Factors” section of the Company’s Form 10-K for the fiscal year ended September 30, 2017. LRAD Corporation disclaims any intent or obligation to update those forward-looking statements, except as otherwise specifically stated.

Company Contact

E. Brian Harvey
Director, Investor Relations and Capital Markets
858.753.8974
[email protected]

Elbit Systems Awarded $85 Million Contract to Supply Electronic Warfare Systems to a European Country

HAIFA, Israel, Jan. 18, 2018 -- Elbit Systems Ltd. (NASDAQ: ESLT and TASE: ESLT) ("Elbit Systems" or "the Company") announced today that it was awarded an approximately $85 million contract from a European country to supply a range of advanced ground-based Electronic Warfare (EW) and Signal Intelligence (SIGINT) systems. The contract will be performed over a four-year period.

 

Edgar Maimon, General Manager of Elbit Systems EW and SIGINT - Elisra said: "We are proud of this contract award that attests to the Company's technological and operational advantage and to the maturity of our solutions." Maimon added: "We are encouraged by the growing demand from European customers and believe that our portfolio positions us well to serve their needs."

 

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 and communications systems, radios and cyber-based systems. 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, follow us on Twitter or visit our official Youtube Channel.

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.

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.  All other brand, product, service and process names appearing are the trademarks of their respective holders.  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.

Pages

 

Recent Videos

IntraLogic's official release of the "One Button" Lockdown system on CBS 2 News.
HID Global is opening the door to a new era of security and convenience.  Powered by Seos technology, the HID Mobile Access solution delivers a more secure and convenient way to open doors and gates, access networks and services, and make cashless payments using phones and other mobile devices. ...
Mobile device forensics can make a difference in many investigations, but you need training that teaches you how to get the most out of your mobile forensics hardware and software, and certifies you to testify in court. Read this white paper to learn how to evaluate mobile forensics training...
PureTech Systems is a software company that develops and markets PureActiv, its geospatial analytics solution designed to protect critical perimeters and infrastructure.  Its patented video analytics leverage thermal cameras, radars and other perimeter sensors to detect, geo-locate, classify, and...