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VSI awarded JHMCS contracts valued at more than $80 million
SAN JOSE, Calif. (May 10, 2010) - Vision Systems International, LLC (VSI), a leader in advanced Helmet Mounted Display (HMD) technology, has received several
new contracts with a total value of more than $80 million.
Awarded contracts include delivery of the Joint Helmet Mounted Cueing System (JHMCS) to the Boeing Company for U.S. and Foreign
Military Sales (FMS), FAst Characterization Tools (FACT®) for the U.S. Navy and JHMCS for other international sales.
Under these production contracts, VSI will provide JHMCS and FACT® hardware, including spares, technical support and ground
support equipment for the Full Rate Production - Lot 6 (FRP-6) acquisition. This procurement fulfills U.S. government domestic
requirements for the U.S. Navy F/A-18C/D/E/F/G single - and dual-seat platforms, and FMS production and spares commitments
to a number of countries operating F-16 and F/A-18 aircraft. Deliveries under FRP-6 will commence this year and continue through
2011.
"With the delivery of more than 3,500 systems, JHMCS continues to be the world's premier helmet display for fixed-wing tactical
aircraft," says VSI President Drew Brugal. "These contracts include sales to the 21st international customer that has selected
JHMCS to enhance the tactical capability of their front line fighters. The system provides the warfighter with unmatched situational
awareness throughout the operational profile of the aircraft. By keeping 'eyes out' while viewing all critical information
on the helmet visor, the pilot has a significant advantage in both air-to-air and air-to-ground mission execution."
The JHMCS provides the pilot with "first look, first shot" high off-boresight weapons engagement capabilities. The system
enables the pilot to accurately cue onboard weapons and sensors against enemy aircraft and ground targets without the need
to aggressively turn the aircraft or place the target in the Head Up Display (HUD) field-of-view for designation. Critical
information and symbology, such as targeting cues and aircraft performance parameters, are graphically displayed directly
on the pilot's visor.
Founded in 1996, VSI is a joint venture between Elbit Systems of America, a subsidiary of Elbit Systems Ltd. (Nasdaq: ESLT),
and Rockwell Collins (NYSE: COL). VSI develops, manufactures and supports fixed-wing HMDs worldwide and is a leading supplier
of fixed-wing HMDs worldwide. VSI has produced over 3,500 JHMCS helmet systems for the F-15, F-16 and F/A-18 aircraft. In
addition to JHMCS, VSI is under contract to deliver the advanced HMD for the F-35 Joint Strike Fighter and the Night Vision
Cueing Display (NVCD) to the U.S. Navy and is producing the Targo™ HMD for trainers, light attack and military airlift. VSI
also produces the Display And Sight Helmet (DASH) Generation IV HMD under multiple contracts.
This press release contains statements that are forward-looking statements as defined in the Private Securities Litigation
Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties,
including, but not limited to U.S. government spending and budgetary policies; potential cancellation or amendments of awards
or orders; challenges in the design, development and production of advanced technologies; and competitive product and pricing
pressures; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the
Rockwell Collins or Elbit Systems Ltd. Securities and Exchange Commission filings. These forward-looking statements are made
only as of the date here of.
Contact:
Marty Gunther
408.232.5312
mgunther@vsi-hmcs.com
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