VSI awarded contract to provide Night Vision Cueing and Display units

SAN JOSE, Calif. - Vision Systems International, LLC (VSI), a leader in advanced Helmet Mounted Display (HMD) technology, has received a $6.7 million contract for Night Vision Cueing and Display (NVCD) units, including hardware and associated support equipment. The contract was awarded by the Naval Air Systems Command in Patuxent River, Md.

Under the terms of the agreement, VSI will provide image intensified night vision with symbology insertion, significantly expanding the capability of the Joint Helmet Mounted Cueing System (JHMCS) for 24-hour operations. The NVCD system provides 40 degree field-of-view night vision capability in a lower profile and lighter weight package than traditional aviator night vision goggles.

“NVCD is a significant addition to the JHMCS program,” said VSI President Drew Brugal. “The warfighter depends on JHMCS to successfully execute air-to-air and air-to-ground tactical missions during daylight. The NVCD system expands this critical capability for night missions.”

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 and NVCD production, VSI is under contract to deliver the advanced HMD for the F-35 Joint Strike Fighter and is developing Helmet Mounted Avionics (HMA) solutions 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 (including certain projections associated with VSI providing NVCD to the U.S. Navy) 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 by the U.S. Navy; 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 hereof.