FORT WORTH, Texas, Nov. 21, 2019 /PRNewswire/ -- Elbit Systems of America is doubling its Semi-Active Laser seeker production rates to keep up with increasing demand for the Laser Joint Direct Attack Munition (GBU-54/56). The increase in production rates is under an existing five-year indefinite delivery/indefinite quantity contract with Boeing, supporting both domestic and foreign customers.
The Laser JDAM is capable of targeting static and fast moving objects. The system does not rely on satellite signals, but instead, seeks a laser target that is placed by ground forces or an aircraft. The precision guided munition (PGM) locks on and tracks the target. Due to the PGM's accuracy and affordability, it's a critical and affordable weapon of choice for the United States and its international partners.
"Elbit Systems of America invested in doubling its production capacity for the Laser Joint Direct Attack Munition seekers because we recognize how important this solution is to our warfighters," said Raanan Horowitz, president and CEO of Elbit Systems of America. "We're working closely with our Boeing customer to ensure this significant capability is supplied as quickly as possible."
The Laser JDAM program was recognized by the Aviation Week Network and won a Program Excellence Award in October 2018 for Supply Chain Production. Elbit Systems of America has consistently demonstrated a stellar record of on-time delivery over the decade it has been supplying the Laser JDAM seekers to Boeing.
The Laser JDAM is currently operational on nearly all U.S. air combat platforms, along with many of the aircraft of our country's allies.
Production of the Laser JDAM seeker is performed at Elbit Systems of America's manufacturing facility in Fort Worth, Texas.
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, 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 and communications systems, radios and 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.
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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.