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GSN 2012 Awards announced: White House deputy of homeland security recognized for leadership at annual gala
GSN Awards 2012
Hundreds of the best of the homeland security community’s federal, state and municipal government officials, government contractors, systems integrators, IT vendors and physical security product and solutions providers all came together the night of November 29 in a ballroom of the Washington, D.C. convention center to receive accolades.
The GSN awards dinner, which has become a Washington tradition over the last four years, offered a chance for the excellence and civic-minded spirit of homeland security efforts nationwide to be recognized.
Not only were the best tools and technologies acknowledged , but the people and groups who use them, from local police departments in Florida and Washington state, to the White House, were honored at the event.
During the awards ceremonies, Richard Reed, Deputy Assistant to President Obama for Homeland Security, received the second annual Government Security News/Raytheon Award for Distinguished Leadership and Innovation in Public Safety and Security. Reed was chosen for tireless work in his key role in leading the development of national policy related to resilience, transborder security and community partnerships. He has been described as the president’s eyes and ears during disasters. In crises, such as the Gulf oil spill, H1N1 pandemic, and Haiti earthquake, Reed has sprung into action at the White House, coordinating information and gathering people to cope with these catastrophes.
Reed told Government Security News in an interview after the dinner that gatherings like GSN’s awards ceremony were invaluable in demonstrating that the hard work of creating a resilient, strong response to crises is performed by thousands of individuals, like those in attendance. Gatherings that bring the diverse emergency response and homeland security communities together can broaden perspectives and spur new ideas, he said.
Reed has been a determined, mostly behind-the-scenes, captain of federal emergency response efforts during the Bush and Obama administrations, helping prepare for, and respond to, some of the worst natural disasters the nation has known, from one of the deadliest tornado seasons in history in the Midwest, to historic wild fires in the west, and massive storms in the eastern U.S.
Reed said the key to capable response to such staggering events lies not only in federal hands, but in enabling state, local and even personal responses. Getting resources and training in place before disasters happen goes a long way in an effective response and recovery, he said. “The true first responders are friends, neighbors and co-workers” in the immediate aftermath of a disaster, said Reed. Local police, firefighters and other agencies arrive second, he said. Enabling people with information concerning what resources are available or where they can go for help or supplies empowers them, said Reed.
Government Security News managing partner Adrian Courtenay has made the GSN/Raytheon award an annual tradition. The prize is sponsored by the Raytheon Company, a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world, which is headquartered in Waltham, MA.
Notable 2012 government excellence award winners included the local police departments in Tampa and St. Petersburg, FL, for their ground-breaking work in preparing for the Republican National Convention in Tampa this past summer. The departments put together comprehensive plans to gently defuse potentially volatile political demonstrations at the event. Both departments were also praised for implementing an innovative interoperable communications network during the GOP convention.
The Lawrence Livermore National Laboratory was recognized for its groundbreaking work on a small radiation detector. The Naval Air Systems Command won an award for its work on the Kestrel Wide Area Persistent Surveillance program, which developed an aerostat for long-term surveillance capabilities to protect ground soldiers in Afghanistan.
The complete list of GSN’s 2012 Award winners appears below:
CATEGORY 1 – VENDORS OF IT SECURITY PRODUCTS AND SOLUTIONS
Best Anti-Malware Solution
Best Identity Management Platform
Best Certificate Management Solution
Best Compliance /Vulnerability Assessment Solution
Best Data Security/Loss Management Solution
Best Endpoint Security Solution
Best Forensic Software
Best Intelligence Data Fusion and Collaborative Analysis Solution
Lookingglass Cyber Solutions
Best Intrusion Detection/Prevention Solution
Vanguard Integrity Professionals
Best Network Security/Enterprise Firewall
Best Privileged Access Management Solution
Best Real-Time Dynamic Network Analysis
Best Continuous Monitoring Solution
Best Security Incident/Event Management Solution (SIEM)
CATEGORY 2 – VENDORS OF PHYSICAL SECURITY PRODUCTS & SOLUTIONS
PHYSICAL SECURITY ACCESS CONTROL & INDENTIFICATION
Best Biometric Identification Solution
Best Integrated System for HSPD 12/FIPS 201 Compliance
Best Platform for Physical and Logical Access
Best Interoperable First Responder Communications
Best Mass Notification Systems
Best Regional or National Public Safety Communications Deployment
Best Explosives Detection Solution
Best Long Range Detection Systems
Best Nuclear/Radiation Detection
Lawrence Livermore National Laboratory
Best Intelligent Video Surveillance Solution
Best Thermal/Night Vision/Infrared Cameras
HGH Infrared Systems
Best Network IP Cameras
Best Video Storage/Digital Transmission Systems
Best Perimeter Protection Solution
Best Crash Barriers
Best Physical Security Information Management (PSIM) Solution
Best Disaster Preparedness or Disaster Recovery & Clean-up Service
High-Rise Escape Systems
Best Facility Security/Force Protection Service
Best Homeland Security Training/Higher Education Solutions
Category 3: Government Security News 2012 Government Excellence Awards
Most Notable Airport Security Award
Defense Manpower Agency
Most Notable Maritime/Port Security Program
Ohio Department of Public Safety/Northern Border Initiative
Most Notable Railroad/Mass Transit Security Program
Denver Regional Transportation Authority
Most Notable Critical Infrastructure Program, Project or Initiative
U.S. Veterans Administration Hospital, Tucson, AZ
Most Notable Cyber Security Program, Project or Initiative
U.S. Department of Energy
Most Notable Emergency Response Implementation
U.S. National Guard
Federal Emergency Management Agency (FEMA)
Most Notable Law Enforcement Interdiction, Arrest or Counter-Terrorism Program
Orange County Intelligence Assessment Fusion Center
Most Notable Municipal/County Programs, Projects or Initiatives
Seattle, Washington Police Department
Tampa and St. Petersburg, Florida Police Departments
Naval Air Systems Command (Kestrel Wide Area Persistent Surveillance)
Government Security News has announced that its 2011 Homeland Security Awards Program will officially open for business and start accepting entries in the program’s 45 awards categories on Tuesday, April 26.
The 2011 program contains a number of exciting new categories, reflecting the dynamically changing threat environment, in all three of the overall awards groupings: Best Vendors of IT Security Products and Solutions, Best Vendors of Physical Security Products and Solutions, and the 2011 Government Excellence Awards.
The cost for each entry in the 2011 program is $295 for vendors of IT security and physical security products and solutions. As in previous years, there is no cost for entries in the 10 categories of awards for federal, state and local government agencies.
Vendors of IT and physical security products and solutions may nominate themselves or be nominated by colleagues or government clients, while government agencies or departments may similarly nominate themselves or be nominated by other agencies, colleagues or vendors.
Adrian Courtenay, Managing Partner of GSN’s parent company, World Business Media, LLC, cited two intriguing new categories in the government sector that have been selected to acknowledge solid “boots on the ground” achievements of federal, state or local agencies in responding to emergencies, countering terrorism and stopping crime. These categories are “Most Notable Emergency Response Implementation – Federal, State or Local” and “Most Notable Law Enforcement Interdiction, Arrest or Counter Terrorism Program – Federal, State or Local.”
Acknowledging the increasing importance of cyber security and the threat of cyber war among nation-states, Courtenay also pointed out that the government awards in 2010 have been expanded to include a category titled, “Most Notable Cyber Security Program or Technology – Government or Military.”
Returning for its third year as a sponsor of the GSN Awards Program is founding sponsor ArcSight, now a business unit of Hewlett Packard Software and Solutions, whose enterprise threat and risk platform is an integrated product for collecting, analyzing and assessing security and risk information. ArcSight is also a repeat winner in the GSN awards program for its Security Incident Event Management (SIEM) products for collecting, analyzing and assessing security incident event information.
Also returning as event sponsors are General Dynamics C4, located in Phoenix, AZ, a major developer and integrator of secure communications and information systems and technology; and Mutualink, another GSN award winner, which creates networks of interoperable communities that can instantly share radio, voice, text, video and data files, and telephone communications in a secure environment.
The fourth and final sponsor to date in the 2011 Awards Program is Behavioral Recognition Systems, Inc., of Houston, TX, also known as BRS Labs, whose software uses the fascinating, scientifically developed cognitive reasoning and artificial intelligence of behavioral analytics to leverage a stream of intelligence from millions of surveillance cameras worldwide, in order to provide alerts regarding abnormal or suspicious behavior.
Profiles of each of the 2011 sponsors will be posted on the GSN Web site in the coming weeks.
Additional companies or organizations interested in joining the ranks of 2011 sponsors of the GSN 2011 Homeland Security Awards Program should contact GSN Publisher and World Business Media President, Edward Tyler, at 212-344-0759, ext. 2001.
According to Courtenay, the 2011 Awards Program will culminate with the annual awards dinner in early November at a venue to be announced shortly. “It’s going to be hard to top last year’s elegant dinner and spectacular after-dinner keynote presentation by four-star General Barry McCaffrey (USA-Ret.). But we’re going to try!”
In 2010, the GSN awards were presented to a sold-out ballroom at the JW Marriott Hotel in Washington, DC, that included many distinguished government and military officials, academics, law enforcement and public safety professionals from across the country, along with the systems integrators, defense contractors and vendors of products and solutions used in homeland security.
Photos of the 2010 awards reception and dinner are available at:
Further information and entry forms for the 2011 Awards Program are available at:
Gary Joubert, VP of Sales and Marketing, reports that T3 provides electric vehicles for law enforcement that are used in almost every police department in the U.S., as well as in government agencies around the world. Other markets for the made-in-the-USA T3 series include the military, general transport and the private security business. Recent improvements have been well received, and business is great!
Global Service Fulfillment Procurement Report 2017: Robustness of Communication Networks and Overall Reliability and Security Across the Telecom Industry
Swimlane Achieves Integration With McAfee® ePolicy Orchestrator® Through The McAfee Security Innovation Alliance
LOUISVILLE, Colo., Dec. 7, 2017 -- Swimlane, a leader in Security Automation and Orchestration (SAO), announced today that it has achieved technical integration of its SAO platform with McAfee ePolicy Orchestrator (ePO™) technology, enabling customers to deploy more robust security solutions and better protect their assets from ever-evolving cyber threats.
As a member of the McAfee Security Innovation Alliance, Swimlane plays a critical role in the program's mission to accelerate the development of interoperable security products and simplify product integration within complex customer environments, delivering joint customers better value and more protection against the growing threat landscape. With this integration, Swimlane and McAfee address a rising industry need to shorten response times from security events and more easily remediate compromised systems, leading to a simplified Threat Defense Lifecycle.
"Swimlane streamlines operational efficiency, lowers incident response times, and improves security by integrating with best-of-breed solutions like McAfee ePO," said Cody Cornell, CEO and founder of Swimlane. "Through integration with McAfee ePO, Swimlane and McAfee now provide our joint customers with highly automated incident response and interoperability with other security platforms. By automating the workflow and response, Swimlane and McAfee joint customers can now respond faster and more consistently to a broad range of advanced attacks that are targeting their endpoints."
Swimlane helps organizations get the most out of existing resources by automating time-intensive, manual processes and operational workflows in real time. An API-first architecture, extensive out-of-the-box integrations and pre-packaged templates allow organizations to quickly enable orchestration across their entire security infrastructure. Swimlane delivers powerful analytics, real-time dashboards and key performance reporting to maximize the incident response capabilities of over-burdened and understaffed security operations teams.
With the integration of McAfee ePO technology, customers can now automatically initiate incident response workflows to address alarms. Importing configuration data from the McAfee ePO database into Swimlane delivers consolidated event details tied to potential endpoint attacks. This data can be correlated against additional event details pulled from multiple platforms for rapid investigation and triage. Swimlane can also apply tags from the McAfee ePO console to specific endpoints for immediate policy enforcement to help facilitate faster incident response and a greater return on investment from the entire security infrastructure.
"We're pleased to see Swimlane complete McAfee compatibility testing with ePO to meet multiple use cases that will help joint customers address threats faster and more efficiently," said D.J. Long, head of McAfee Security Innovation Alliance. "With this integration, joint customers will reap the benefits of reduced operational costs, greater protection and improved compliance."
Swimlane was founded to deliver innovative and practical security solutions to organizations struggling with alert fatigue, vendor proliferation and chronic staffing shortages. Swimlane is at the forefront of the growing market for security automation and orchestration solutions that automate and organize security processes in repeatable ways to get the most out of available resources and accelerate incident response.
Swimlane and the Swimlane logo are trademarks of Swimlane LLC in the United States and other countries.
McAfee, ePolicy Orchestrator, ePO and the McAfee logo are trademarks of McAfee, LLC in the United States and other countries. Other names and brands may be claimed as the property of others.
McAfee technologies' features and benefits depend on system configuration and may require enabled hardware, software, or service activation. Learn more at www.mcafee.com. No computer system can be absolutely secure. Cost reduction scenarios described are intended as examples of how a given McAfee product, in the specified circumstances and configurations, may affect future costs and provide cost savings. Circumstances and results will vary. McAfee does not guarantee any cost reduction.
Today, ThoughtWorks, a global software development and digital transformation consultancy, is proud to name three new members to its Board of Directors: Jane Chwick, William G. Parrett and Dr. Anita Sands.
This announcement comes as ThoughtWorks is approaching 25 years of revolutionizing software design and delivery, while advocating for positive social change. The three new members, with their variety of experience across multiple industries, strengthen ThoughtWorks leadership as the company continues down the path of double digit growth.
“Each individual brings a unique perspective to our board,” said Guo Xiao, Chief Executive Officer, ThoughtWorks. “Jane Chwick’s proven record creating and implementing high-value, long term strategic initiatives will benefit our next phase of growth. Bill Parrett’s global business experience is a perfect fit for the increase in cross border collaboration clients are demanding and our global footprint. And Dr. Sands, with her extensive experience driving technology innovation and organizational change, will provide great insights into how we can become better change agents for our clients in their strategic transformations. I have great confidence that under their guidance, ThoughtWorks will become the partner of choice for enterprise organizations grappling with complex digital transformations.”
About the Members of the Board
Ms. Chwick was a partner at Goldman Sachs where she had a 30-year career in technology, most recently as Co-Chief Operating Officer of the technology division. In this role, she was responsible for financial and business planning, setting the technical strategy and management of an 8,000-person organization within the firm. Ms. Chwick was also the Co-founder and Co-CEO of Trewtec, Inc., providing Corporate Directors, CEOs and Chief Technology Officers with vital information they need to improve their oversight of a company's technology function. Ms. Chwick currently serves as a director of Voya Financial, a financial, retirement, investment and insurance company; People’s United Bank, the largest regional bank Headquartered in New England; and MarketAxess, the leading fixed income electronic trading platform for institutional investors and dealers.
William G. Parrett
Mr. Parrett is a former Senior Partner of Deloitte & Touche USA LLP, a public accounting firm. Mr. Parrett retired in 2007. From 2003 to 2007, he served as the Chief Executive Officer of Deloitte Touche Tohmatsu (DTT). Prior to serving as Chief Executive Officer of DTT, he was Managing Partner of Deloitte & Touche USA since 1999. Mr. Parrett joined Deloitte in 1967 and served in a series of roles of increasing responsibility. Mr. Parrett currently serves as a director of The Blackstone Group L.P., an investment and advisory firm; Thermo Fisher Scientific Inc., a provider of analytical and laboratory instruments and products; Conduent Corporation, a business process services company. Additionally, Mr. Parrett is Past Chairman of United Way of America and of the United States Council for International Business.
Dr. Anita Sands
A Fulbright and O'Reilly Scholar, Dr. Sands began her banking career in 2004, handling derivatives analysis at Canadian Imperial Bank of Commerce, Canada's fifth largest general bank. She then joined the even larger Royal Bank of Canada and was the youngest-ever Senior Vice President at the Royal Bank of Canada as the Head of Innovation & Process Design. After moving to New York City to work as Head of Transformation for Global Technology and Operations at Citigroup, she joined UBS Wealth Management, where at the age of 33, she was appointed Chief Operating Officer responsible for technology, operations and corporate services. Currently, Dr. Sands is on the board of directors of three public companies including Symantec Corporation, a member of the F500, and the world’s leader in Cyber-Security; Service Now, an enterprise SaaS service management company; and Pure Storage, a leading innovator in the enterprise storage space. She is also an active investor and serves on the advisory board of Grand Central Tech—a leading New York-based technology incubator - as well as the Dean’s Advisory Board at Heinz College, CMU. She is a member of the Advisory Board at DocuSign and Accompany, as well as a member of the Digital Advisory Board at Box.
We are a software company and a community of passionate, purpose-led individuals. We think disruptively to deliver technology to address our clients' toughest challenges, all while seeking to revolutionize the IT industry and create positive social change.
Cook County Official Joins Cyber, DHS and National Security Leaders to Unveil First-Ever "Voting Infrastructure Security Plan"
, -- Today, DEFCON – the world's largest, longest running hacker conference – joined forces with the of Public Policy to host an event on cybersecurity and U.S. elections infrastructure. The event featured a panel of leaders from the cyber industry, the U.S. Department of Homeland Security (DHS), and the national security community. It also featured the release of an "Election Security Plan" authored by Noah Praetz, Director of Elections with the Clerk's Office.
Mr. Praetz's Election Security Plan represented the first-of-its-kind to be put forth by a local official since news broke that attempted to infiltrate voting networks in at least 21 U.S. states during the 2016 election. The plan outlines several strategies for stakeholders to better defend, detect, and recover from cyber threats aimed at voting equipment, systems, networks and databases. Specifically, it describes "a challenging, comprehensive, yet achievable list of actions" for both federal leaders to support the more than 9,000 voting jurisdictions around the country, as well as the responsibilities of state and local officials.
"This is a critical time when Americans need to be reassured that their vote is secure – and I am proud that my election administration colleagues at the state and local level are the ones serving valiantly on the front lines," said Praetz, underscoring the need for local action backed by federal support. "Like good servants, these officials will tell you they can continue to hold the line. But they need to be fortified by resources from the federal government, and they need guidance in terms of what line they even can hold."
Today's event comes at a time when leaders are increasingly referring to election security as a national security priority. In early 2017, the U.S. Department of Homeland Security designated elections as a critical infrastructure subsector, giving the federal government more authority to take action. from the DHS's Office of Cyber Security and Communications participated in the event, highlighting DHS's current role with the Elections Security Task Force. Less attention has been placed, however, on the perspectives of state and local officials.
"Recently, we've seen a groundswell of bipartisan national security and cyber leaders uniting to frame the problem and highlight what or other nefarious actors could do to our democracy," said Jake Braun, a cybersecurity lecturer at and DEFCON Voting Village representative who emceed the event. "Now its encouraging to see state and local leaders like Mr. Praetz – and many others who helped influence his plan – coming together to offer solutions. With the full funding and resources to do their job, there's no question they can better secure our democracy for 2018 and beyond."
The event, which was held at the historic International House on campus, represented the third in a series of high-profile events hosted by DEFCON to build awareness around cyber vulnerabilities facing our democracy. Earlier this year, in response to cyberattacks in 2016, DEFCON hosted a "Voting Village" demonstration at its annual conference in Vegas. The Village assembled 25+ pieces of election equipment – including voting machines and pollbooks still widely used in U.S. elections today – and made them accessible to 1000+ hackers who were encouraged to test the technology and expose cyber vulnerabilities for educational purposes.
A full report on the Voting Village's findings is available online.
CohuHD Costar Awarded US$2.4 Million Surveillance Video Camera Contract for Major Critical Infrastructure Project in Saudi Arabia
CohuHD Costar, a Costar Technologies, Inc. company (OTC Markets Group: CSTI) announced today that it has been awarded a $2.4 million video surveillance camera contract for a major critical infrastructure project in Saudi Arabia. With the recent introduction of the RISE 4290HD series, CohuHD Costar expands the reach of its RISE series platform into long-range, day/night, thermal video surveillance applications. Working with one of the leading security solutions providers and systems integrators in the Middle East, the RISE 4290HD will provide 24/7 video surveillance for a major critical infrastructure project in Saudi Arabia. This large-scale deployment of RISE 4290HD cameras marks another important milestone for the RISE platform that requires the cameras to operate under extreme environmental conditions and at long distances.
"We're seeing increased demand for rugged cameras that can provide long-range video 24/7 in a variety of environmental conditions. The RISE 4290HD does this, and does it at a price point we believe makes it very attractive for applications such as critical infrastructure and intelligent traffic systems. We expect this project to be the first of many major security monitoring projects for the 4290HD around the world," stated Doug Means, Senior VP and GM of CohuHD Costar.
The RISE 4290HD Series dual-spectrum positioning system is the latest addition to CohuHD Costar's RISE family of products and has been awarded the 2017 GSN Airport, Seaport, Border Security Award for Best Long-Range/High-Res Camera by Government Security News. The RISE 4290HD Series combines crystal clear HD visible spectrum imaging along with standard resolution LWIR thermal night vision imaging.
The RISE 4290HD is designed to operate in harsh weather with its purged and pressurized IP67 enclosure protection to eliminate the effects of water intrusion, pollutants and corrosives. The ultra-rugged design of all CohuHD RISE products allows the company to offer a lifetime warranty against water ingress.
About Costar Technologies, Inc.
Costar Technologies, Inc. develops, designs, manufactures and distributes a range of security solution products including surveillance cameras, lenses, digital video recorders and high-speed domes. The Company also develops, designs and distributes industrial vision products to observe repetitive production and assembly lines, thereby increasing efficiency by detecting faults in the production process. Headquartered in Coppell, Texas, the Company's shares currently trade on the OTC Markets Group under the ticker symbol "CSTI". Costar was ranked 41 in a&s magazine's Security 50 for 2016. Security 50 is an annual ranking of the world's largest security manufacturers in the areas of video surveillance, access control and intruder alarms, based on financial performance.
Cautionary Statement Regarding Forward Looking Statements
This press release contains forward-looking statements, including but not limited to statements related to the demand for our products and future projects, that are subject to substantial risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. You can identify forward-looking statements by words such as "believe," "may," "estimate," "continue," "anticipate," "intend," "plan," "expect," "predict," "potential," or the negative of these terms or other comparable terminology. These forward-looking statements are based on management's current expectations but they involve risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements as a result of the risks and uncertainties.
You should not place undue reliance on any forward-looking statements. The Company assumes no obligation to update forward-looking statements to reflect actual results, changes in assumptions, or changes in other factors affecting forward-looking information, except to the extent required by applicable laws.
SOURCE Costar Technologies, Inc.
The Global Passenger Security Equipment Market Is Expected to Reach $79,042 Million in 2023, from $43,398 Million in 2016, Growing at a CAGR of 8.9% from 2017 to 2023
LONDON, Dec. 6, 2017 -- Passenger Security Equipment Market by Transport Infrastructure (Airports, Train Station, Bus Stations, and Seaports) and Type (Baggage Inspection System, Explosive Detection System, Video Surveillance, Intrusion Detection and Prevention System, Fire Safety & Detection System, People Screening Systems, and others) - Global Opportunity Analysis and Industry Forecast, 2017-2023
Download the full report: https://www.reportbuyer.com/product/5228628
The global passenger security equipment market is expected to reach $79,042 million in 2023, from $43,398 million in 2016, growing at a CAGR of 8.9% from 2017 to 2023. Passenger security refers to a technique, which helps them protect from accidentals harms, crimes, and other threats. Such procedures help the government to avoid any crimes and allow passengers to travel from one place to another without any harm. Honeywell International, Orbocomm, and L-3 Communications are some of the leading key players of the passenger security equipment market.
Increase in terror attacks on public transport infrastructures drives the passenger security equipment market growth. Further, rise in demand of biometrics technologies for identity verification by the government also fuels the market growth. However, high installation cost is anticipated to hinder the passenger security equipment market during the forecast period.
Based on type, the global passenger security equipment market is categorized into baggage inspection system, explosive detection system, video surveillance, intrusion detection and prevention system, fire safety & detection system, people screening systems, and others. The people screening systems segment dominated the global passenger security equipment market, in terms of revenue, and is expected to maintain this trend.
Honeywell International, Orbocomm, L-3 Communications, Kapsch, Siemens AG, Rapiscan Systems, Rockwell Collins, Safran Group, Raytheon Group, and Smiths Group are some of the leading key players of global passenger security equipment market.
KEY MARKET SEGMENTS
BY TRANSPORT INFRASTRUCTURE
Baggage Inspection System
Explosive Detection System
Intrusion Detection and Prevention System
Fire Safety & Detection System
People Screening Systems
Rest of Europe
Rest of Asia-Pacific
The other players in the value chain include (profiles not included in the report):
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Elbit Systems Ltd. (NASDAQ: ESLT and TASE: ESLT) ("Elbit Systems") announced today that it was selected by the Israeli Ministry of Defense (IMOD) to provide and operate flight simulators for the upgraded C-130H and C-130J transport aircraft of the Israeli Air Force (IAF). The contract value will be in an amount of $74 million dollars for a thirteen-year period which includes a set up phase of approximately three years and a ten-year operating period.
Elbit Systems will set up and operate the IAF upgraded C-130H and C-130J training center, providing two inter-connected flight simulators that enable both single and squadron training and a ground crews simulator that enables high fidelity training of aircraft maintenance procedures.
Yoram Shmuely, General Manager of Elbit Systems Aerospace Division, commented: "We are proud to have been selected by the IMOD, especially since it comes on the heels of the successful completion of the upgrade program of the IAF's C-130H aircraft fleet. This is yet another example of Elbit Systems' technological and operational leadership in the training and simulation field and attests to the growing demand in many countries for all-inclusive interconnected simulation platforms, that enhance the quality of training while reducing flight hours".
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.