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Elbit Systems US Purchases UAS Dynamics

HAIFA, Israel - Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems") announced today, that its subsidiary, Elbit Systems of America, LLC ("Elbit Systems of America"), purchased from General Dynamics Armament and Technical Products ("GDATP") its holdings in UAS Dynamics, LLC ("UAS Dynamics"), a joint venture established by Elbit Systems of America and GDATP to provide unmanned aircraft systems ("UAS") to the U.S. market, thus making Elbit Systems of America the sole owner of UAS Dynamics. UAS Dynamics will become part of Elbit Systems of America's Unmanned Systems business unit, which is responsible for both airborne and seaborne unmanned systems.

Raanan Horowitz, President and CEO of Elbit Systems of America, stated: "The integration of UAS Dynamics with Elbit Systems of America's Unmanned Systems business unit will enable us to pursue opportunities associated with unmanned technologies and capabilities across multiple domains, and we will continue to look for opportunities to provide U.S. warfighters with innovative solutions that meet their diverse mission needs."

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Source : Elbit Systems Ltd.

Published on ASDNews: Dec 1, 2011


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