LASER GUIDED ADVANCED TACTICAL ROCKET SYSTEM
ELBIT SYSTEMS AND ATK TO DEVELOP
LASER GUIDED ADVANCED TACTICAL ROCKET SYSTEM
Press Release
Minneapolis, July 9, 2008 - Elbit Systems Ltd.
(NASDAQ: ESLT) and Alliant Techsystems (NYSE: ATK)
announced today that they have signed a teaming
agreement to develop the Guided Advanced Tactical
Rocket – Laser (GATR-L).
GATR-L provides an affordable precision strike capability
for all fixed-wing, rotary-wing, and Unmanned Aerial
Systems (UAS) platforms. The 70mm rocket employs a
Semi-Active Laser (SAL) guidance package to achieve high
accuracy against both stationary and moving targets.
In addition, GATR-L provides the ability to lock-on before
launch to ensure only the target of interest is engaged.
GATR-L is compatible with existing 70mm launcher hardware
and utilizes enhanced Insensitive Munitions technologies.
Elbit Systems is a world leader in laser guided weapon solutions,
and ATK is a leader in the production of rocket motors, advanced
warhead and fuze applications. The two companies are currently
conducting ground and airborne-guided tests.
About Elbit Systems
Elbit Systems Ltd. is an international defense
electronics company engaged in a wide range of
defense-related 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 air vehicle (UAV) systems, advanced electro-optics,
electro-optic space systems, EW suites, airborne warning systems,
ELINT systems, data links and military communications
systems and radios. The Company also focuses on the
upgrading of existing military platforms and developing new
technologies for defense, homeland security and commercial
aviation applications.
About ATK
ATK is a premier United States aerospace
and defense company with more than $4.5 billion
in revenue and 17,000 employees. ATK is the world’s
largest solid rocket motor propulsion provider for
tactical, strategic and missile defense systems,
as well as scientific and commercial launch platforms.
The company is the largest manufacturer of conventional
ammunition for small, medium and large caliber systems.
In addition, the company is a pioneer of affordable
precision weapon systems, a leading provider of high-performance
composite structures for commercial and military aircraft,
as well as a provider of advanced Intelligent,
Surveillance and Reconnaissance systems.
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