New Achievement for Elbit Systems in Brazil: Elbit Systems Brazilian Subsidiary, Ares, Awarded Approximately $25 Million

     New Achievement for Elbit Systems in Brazil: Elbit Systems Brazilian
    Subsidiary, Ares, Awarded Approximately $25 Million Contract to Supply
                12.7/7.62mm Remote Controlled Weapon Stations

PR Newswire

HAIFA, Israel, October 24, 2012

HAIFA, Israel, October 24, 2012 /PRNewswire/ --

Elbit Systems Ltd. (NASDAQ and TASE:ESLT) ("Elbit Systems") announced today
that Ares Aeroespacial e Defensa Ltda. ("Ares"), its Brazilian subsidiary, was
awarded an initial production order valued at approximately $25 million to
supply 12.7/7.62mm Remote Controlled Weapon Stations (RCWS) to the Brazilian
Army. The RCWS, named REMAX, a unique development of Ares, will be supplied
within two years.

Specifically designed to meet Brazilian Army requirements as part of the VBTP
program, Ares' REMAX have already been successfully tested. REMAX, is a
stabilized weapon station for 12.7/7.62mm machine guns and will be used in
armored vehicles for troop transport and in armored platforms that include
logistics vehicles utilized in combat, border patrol and peace keeping
missions.

This award marks the second contract award in approximately a month of Elbit
Systems in Brazil, following the September 13, 2012 Elbit Systems announcement
regarding a $15 million initial production order awarded to AEL Sistemas S.A,
another Elbit Systems subsidiary in Brazil, to supply Unmanned Turrets to the
Brazilian Army.

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.

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.

Contacts:

Company Contact:  

Joseph Gaspar, Executive VP & CFO
Tel: +972-4-8316663
j.gaspar@elbitsystems.com
Dalia Rosen, VP, Head of Corporate Communications
Tel: +972-4-8316784
dalia.rosen@elbitsystems.com
Elbit Systems Ltd.

IR Contact:

Ehud Helft
Kenny Green
CCG Investor Relations
Tel: +1-646-201-9246
elbitsystems@ccgisrael.com

SOURCE Elbit Systems Ltd