Elbit Systems Awarded Israel Ministry of Defense Contracts to Supply Various Systems for a Total Amount of Approximately $315

 Elbit Systems Awarded Israel Ministry of Defense Contracts to Supply Various
           Systems for a Total Amount of Approximately $315 Million

The new contracts relate to a variety of the Company's fields of activity and
include Unmanned Systems, Electronic Warfare, Electro-Optic Systems, Avionics
and Land Systems

PR Newswire

HAIFA, Israel, December 31, 2012

HAIFA, Israel, December 31, 2012 /PRNewswire/ --

Elbit Systems Ltd. (NASDAQ and TASE:ESLT) ("Elbit Systems") announced today
that it was awarded various contracts by the Israel Ministry of Defense
("IMOD"), in a number of fields of activity for a total value of approximately
$315 million.

The contracts relate to the following areas:

AvionicsSystems: battle management systems ("BMS") and avionics for
helicopters, virtual training for the Israeli Air Force's ("IAF") fighter
aircraft array and operation and maintenance services for the IAF's Flight
Academy, in a total of approximately $75 million, covering deliveries over a
six-year period. 

Unmanned Systems: Hermes^® 900 Unmanned Aircraft Systems ("UAS") to be
supplied within three years, as well as maintenance services for UAS over a
period of eight years, in a total value of approximately $90 million. 

Electronic Warfare (EW) Systems: systems for F-15 and F-16 fighter aircraft
and for the Navy's Missile Vessels, in a total amount of approximately $90
million, for supply over the next four years. 

Electro-OpticSystems: advanced observation and long-range target acquisition
systems, in an amount of approximately $25 million, to be supplied over a
three-year period. 

Land Systems: Cardom electronic and mortar artillery systems, known in the
Israel Defense Forces ("IDF") as "Keshet", for a total value of approximately
$35 million, for supply over a six-year period. 

Elbit Systems employs approximately 10,000 employees in Israel and provides
work for an additional approximately 7000 employees of our local
subcontractors. The Company operates in 15 different sites throughout Israel,
from Kiryat Shmona, Tel-Hai and Karmiel in the North to Ashdod, Arad, Hatzerim
and Sderot in the South. 

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
 
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