Elbit Systems to Provide Space Camera for the Italian OPTSAT 3000 Observation Satellite

Elbit Systems to Provide Space Camera for the Italian OPTSAT 3000 Observation
                                  Satellite

Contract, valued at tens of millions of dollars, awarded by IAI, the satellite
manufacturer

PR Newswire

HAIFA, Israel, December 5, 2012

HAIFA, Israel, December 5, 2012 /PRNewswire/ --

Elbit Systems Ltd. (NASDAQ and TASE: ESLT ("Elbit Systems"), announced today
that its wholly-owned subsidiary, Elbit Systems Electro-Optics Elop Ltd.
("Elop"), was awarded a contract from Israel Aerospace Industries Ltd. ("IAI")
to provide a space camera for the Italian OPTSAT 3000 observation satellite.
The total project, comprising the Jupiter advanced camera and additional
services, is valued at approximately $40 million and will be completed within
three and a half years.

Adi Dar, Elop's General Manager, commented: "We are proud to have been
selected to supply the space camera for the Italian satellite. Elop has been a
world leader in the field of space cameras for many years, and our systems are
supplied to a variety of space agencies and customers in the satellite market,
providing high performance and reliability throughout the mission lifecycle.
We trust that this contract will lead to additional contracts, both in Israel
and abroad".

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
e-mail: elbitsystems@ccgisrael.com

SOURCE Elbit Systems Ltd