Elbit Systems of America Awarded $17.5m Contract for Apache Block III AH-64D Mission Processor Redesign and Upgrade

 Elbit Systems of America Awarded $17.5m Contract for Apache Block III AH-64D
                    Mission Processor Redesign and Upgrade

PR Newswire

FORT WORTH, Texas, October 21, 2012

FORT WORTH, Texas, October 21, 2012 /PRNewswire/ --

Elbit Systems of America, LLC, a wholly owned subsidiary of Elbit Systems
Ltd., has been awarded a $17.5m contract by The Boeing Company ("Boeing"), to
redesign and upgrade the Apache Block III AH-64D Mission Processor. Elbit
Systems of America, Airborne Solutions has received an order for the
technology refresh to be performed over five years.

The Block III Mission Processor, originally designed and developed by Elbit
Systems of America in partnership with Elbit Systems Ltd., provides the
aircraft with an open-system computing architecture that can easily integrate
with current cutting edge and emerging next generation technologies. The new
configuration will provide both performance and technology improvements and
solutions for component obsolescence.

The new Mission Processor contains 48 processing cores and future growth to 80
cores for general purpose processing, four graphics processors, enhanced video
processing and additional encoding/decoding capabilities. The Mission
Processor will provide the Apache Block III avionics and mission equipment
with the ability to perform sophisticated "networking" and on-board computing
tasks and will allow the Apache Block III aircraft to more easily accommodate
emerging capabilities. This new mission computer underwrites a set of
established technical standards through a "system-of-systems" approach so that
new systems, sensors, applications and electronics can be easily integrated. 

Commenting on the award, Elbit Systems of America President and CEO, Raanan
Horowitz, said, "The Elbit Systems of America Mission Processor lies at the
heart of the Apache Block III Attack Helicopter and provides Boeing and its US
Army customer unparalleled computing power and capabilities. The refresh and
upgrade program will ensure the Apache takes advantage of the latest
processing technology available. We are pleased to be a part of this
important program and look forward to working closely with both Boeing and the
US Army to provide leading edge technologies to the warfighter."

About Elbit Systems of America, LLC

Elbit Systems of America is a leading provider of high performance products
and system solutions focusing on the commercial aviation, defense, homeland
security, and medical instrumentation markets. With facilities throughout
theUnited States, Elbit Systems of America is dedicated to supporting those
who contribute daily to the safety and security of the United States. Elbit
Systems of America, LLC is wholly owned by Elbit Systems Ltd. (NASDAQ and
TASE: ESLT), a global electronics company engaged in a wide range of programs
for innovative defenseand commercialapplications. For additional
information, visit: http://www.elbitsystems-us.com.

About Elbit Systems

Elbit Systems Ltd. is an international defense electronics company engaged in
a wide range of 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 aircraft systems ("UAS"),
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, developing new technologies for defense, homeland security and
commercial aviation applications and providing a range of support services.
For additional information, visit: http://www.elbitsystems.com.

Trademarks

Elbit Systems of America and other trademarks, service marks and logos are
registered or unregistered marks of Elbit Systems of America companies in the
United States and in foreign countries. Copyright © 2012 Elbit Systems of
America. All rights reserved.

Forward Looking Statement

This press release contains forward-looking statements (within the meaning of
Section 27A of the Securities Act of 1933, as amended and Section 21E of the
Securities Exchange Act of 1934, as amended) regarding Elbit Systems Ltd.
and/or its subsidiaries (collectively the Company), to the extent such
statements do not relate to historical or current fact. Forward Looking
Statements are based on management's expectations, estimates, projections and
assumptions. Forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995, as
amended. These statements are not guarantees of future performance and
involve certain risks and uncertainties, which are difficult to predict.
Therefore, actual future results, performance and trends may differ
materially from these forward-looking statements due to a variety of factors,
including, without limitation: scope and length of customer contracts;
governmental regulations and approvals; changes in governmental budgeting
priorities; general market, political and economic conditions in the countries
in which the Company operates or sells, including Israel and the United States
among others; differences in anticipated and actual program performance,
including the ability to perform under long-term fixed-price contracts; and
the outcome of legal and/or regulatory proceedings. The factors listed above
are not all-inclusive, and further information is contained in Elbit Systems
Ltd.'s latest annual report on Form 20-F, which is on file with the U.S.
Securities and Exchange Commission. All forward-looking statements speak only
as of the date of this release. The Company does not undertake to update its
forward-looking statements.

Contact: Shari Clarkson -+1-682-286-2363|sharon.clarkson@elbitsystems-us.com

SOURCE Elbit Systems of America