STOCK TITAN

U.S. Marine Corps selects Elbit Systems of America's ICATS solution

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Neutral)
Tags

FORT WORTH, Texas, Sept. 8, 2020 /PRNewswire/ -- The United States Marine Corps selected Kollsman, Inc.'s solution for a multispectral, clip-on weapon night sight, allowing Marines to engage in day and nighttime operations at extreme stand-off distances. The selection is part of Phase II of the Integrated Clip-on Advanced Targeting Sight (ICATS) program and will require the company to design, build and test two sophisticated ICATS prototypes for the USMC over the next year. Kollsman, Inc. is a subsidiary of Elbit Systems of America.

Elbit Systems of America's ICATS solution is optimized for USMC scout snipers and reconnaissance Marines, so they may acquire targets and engage at extended ranges. The solution clips onto the Marine's weapon and provides critical information to the user, even in low-light or inclement weather. The ICATS is configured to provide simultaneous imaging across extended ranges, without adding considerable weight to the Marine's weapon.

"This selection by the U.S. Marine Corps shows the strong partnership we have with the Marines, as well as our expertise creating technology that benefits warfighters in the field," said Ridge Sower, Vice President of Ground Combat and Precision Targeting at Elbit Systems of America. "With our ICATS solution, Marines can successfully complete their missions – no matter the conditions – while remaining as safe as possible."

The ICATS solution builds off the company's successes offering the U.S. military other precision targeting capabilities, such as the Next Generation Hand-Held Targeting System for the USMC and the Multi-Domain User Sensor Architecture (MDUSA) targeting system for the U.S. Army. Work on ICATS will be designed and produced in Elbit Systems of America's Merrimack, New Hampshire facility, which is known for its sophisticated electro-optics solutions.

About Elbit Systems of America, LLC

Elbit Systems of America, headquartered in Fort Worth, Texas, is a leading provider of high-performance products, system solutions, and support services focusing on the defense, homeland security, law enforcement, commercial aviation, and medical instrumentation markets. With facilities throughout the U.S., 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) (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, LinkedIn and Instagram.

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, 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: https://elbitsystems.com/, follow us on Twitter or visit our official Facebook, YouTube and LinkedIn Channels.

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 ©2020 Elbit Systems of America. All rights reserved.

Forward Looking Statement

This press release may contain forward–looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management's current expectations, estimates, projections and assumptions about future events. 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, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company's future financial results, its anticipated growth strategies and anticipated trends in its business.  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; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; 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. Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. 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.

Media Contacts:

Greg Caires
682-286-2299 
greg.caires@elbitsystems-us.com

Amy Hartley 
682-286-2411 
amy.hartley@elbitsystems-us.com

 

Cision View original content:http://www.prnewswire.com/news-releases/us-marine-corps-selects-elbit-systems-of-americas-icats-solution-301125288.html

SOURCE Elbit Systems of America, LLC

Elbit Systems Ltd

NASDAQ:ESLT

ESLT Rankings

ESLT Latest News

ESLT Stock Data

11.47B
24.90M
44.02%
19.55%
0.12%
Aerospace & Defense
Industrials
Link
United States of America
Haifa