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VSI awarded $84.65 million contract
for the F-35 Joint Strike Fighter
Helmet Mounted Display development

SAN JOSE, Calif. (August 27, 2003) - Vision Systems International, LLC (VSI), the leader in advanced Helmet Mounted Display technology, has been awarded a $84.65 million contract from Lockheed Martin Fort Worth for the development of VSI’s advanced Helmet Mounted Display (HMD) system for the F-35 JSF.

This HMD contract covers the Joint Strike Fighter (JSF) System Development and Demonstration (SDD) phase, and planning for low rate initial production (LRIP) and subsequent full-rate production phases.

Under the contract, VSI will develop and deliver HMD units to support the JSF development and integration laboratories, the JSF simulators, and the JSF flight-test platforms. Additionally, the contract includes options for Technology Refreshment (TR) and Operational Test and Evaluation (OT&E) Spares. Production contracts for more than 3000 HMD systems, in support of JSF production, are expected to follow successful completion of the development.

“This award is a testament to both the revolutionary capabilities the VSI HMD offers the F-35 as well as the dedication to the success of the program from our industry colleagues and customers,” stated Ken Stansell, president of VSI. He went on to say: “This latest contract demonstrates Lockheed Martin’s confidence in VSI’s advanced helmet mounted display systems.”

VSI, a joint venture between EFW Inc. a subsidiary of Elbit Systems Ltd (NASDAQ:ESLT) and Rockwell Collins (NYSE:COL), was formed in 1996 to pursue fixed wing helmet-mounted display opportunities worldwide. In addition to the JSF HMD, VSI is in production of the Joint Helmet Mounted Cueing System (JHMCS) for US and international F-15s, F/A-18s and F-16s and in final development of the DASH (Display and Sight Helmet) Generation IV HMD under multiple contracts to Lockheed Martin and Boeing.

For More Information:
Louis Taddeo
408-433-9720 Ext. 272
ltaddeo@vsi-hmcs.com


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