Elbit Systems Awarded Contract by Israeli Ministry of Defense to Upgrade Israeli Air Force C-130H Transport Aircraft

   Elbit Systems Awarded Contract by Israeli Ministry of Defense to Upgrade
                 Israeli Air Force C-130H Transport Aircraft

Under the project, the aircraft will be modernized with a digital cockpit,
head-up display system and a new radar

PR Newswire

HAIFA, Israel, December 19, 2012

HAIFA, Israel, December 19, 2012 /PRNewswire/ --

Elbit Systems Ltd. (NASDAQ andTASE:ESLT) ("Elbit Systems") announced today
that it has been awarded a contract by the Israel Ministry of Defense ("IMOD")
to upgrade the Israeli Air Force's ("IAF") C-130H (Hercules) transport
aircraft. The contract value is in an amount that is not material to Elbit
Systems.

The modernization project will extend the operational life of the aircraft and
significantly improve its operational capability, particularly in precision
flying, low-level night flight and operations in adverse weather. The
modernization will contribute to improved flight safety and reduce operating
costs, by introducing cutting-edge digital systems to replace obsolete analog
systems that have become unreliable and costly to maintain after four decades
of intensive service with the IAF.

Elbit Systems Aerospace Division's Co-General Manager, Yoram Shmuely,
commented: "We are very pleased to perform this project. The proposed upgrade
utilizes systems, subsystems and applications being deployed on the most
advanced platforms and military and civil upgrade programs in order to meet
current operational needs and enable integration of future operational and
technology capabilities."

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
ElbitSystems Ltd.

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

SOURCE Elbit Systems Ltd