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Elbit Systems Brazilian Subsidiary, AEL and Embraer Defesa e Segurança, Sign Agreement for the Entrance of the Brazilian



 Elbit Systems Brazilian Subsidiary, AEL and Embraer Defesa e Segurança, Sign
    Agreement for the Entrance of the Brazilian Company Avibras to Harpia

PR Newswire

HAIFA, Israel, February 6, 2013

HAIFA, Israel, February 6, 2013 /PRNewswire/ --

The companies will jointly pursue UAS projects in Brazil

Avibras' Falcão UAS project will be included in Harpia's portfolio

Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems") announced today
that its subsidiary in Brazil, AEL Sistemas S.A. ("AEL"), and Embraer Defesa e
Segurança S.A. ("Embraer Defesa") have signed an agreement for the entrance of
Avibras Divisão Aérea e Naval S.A. ("Avibras") as a shareholder of Harpia
Sistemas S.A. ("Harpia"), envisaging joint collaboration on Unmanned Aircraft
Systems ("UAS") in Brazil. According to the agreement, Avibras will hold a 9%
stake of the shareholdings in Harpia, resulting in AEL owning 40% of Harpia's
shares, with Embraer Defesa remaining as the major shareholder, with 51% of
the shares.

The agreement signed among the three companies establishes that Avibras'
Falcão UAS project will be included in Harpia's portfolio, reinforcing the
national content of the partnership. Falcão is being developed by Avibras for
the use of the Brazilian Armed Forces and is intended to carry out
reconnaissance missions, target acquisition, support for firing direction,
damages evaluation and land and sea surveillance.

"The entrance of Avibras increases the national participation in Harpia which
now complies with all requirements to be a Strategic Defense Company," said
Luiz Carlos Aguiar, President of Embraer Defesa and Harpia Chairman of the
Board. "In addition, Harpia will be enhanced by the technical competence of
Avibras."

"The synergy of technical and industrial expertise of the three Harpia
partners in addition to the legacy of high technological content of the Falcão
UAS project, will result in a solution of an UAS of high competitiveness in
Brazil and abroad," said Sami Hassuani, President of Avibras.

"Avibras brings to Harpia the best of the know-how that has been developed
autonomously in Brazil for UAS to date, making Harpia, that already benefits
from the extensive capabilities of Embraer Defesa and AEL, a company with all
necessary elements for the success of the development in Brazil of latest
generation UAS to meet the needs of our country," said Shlomo Erez, Director
General of AEL.

About AEL

AEL Sistemas S.A. (http://www.ael.com.br) is a Brazilian company with
headquarters in Porto Alegre. For more than two decades it has been engaged in
the design, development, manufacturing, maintenance and logistic support of
military and civilian electronic products, for applications for air, sea and
land vehicles, manned and unmanned. In 2001, AEL Sistemas became a subsidiary
of Elbit Systems Ltd., the largest non-government-owned defense company in
Israel, and in 2011 Embraer Defesa and Security acquired a 25% interest in
AEL.

About Embraer  Defesa

With more than 40 years of experience in the supply of platforms and superior
systems to the Armed Forces of the entire world, Embraer Defesa e Segurança
S.A has growing presence in the global market and plays a strategic role in
the Brazilian defense system. Embraer´s Defesa portfolio includes military
aircraft, last radar generation technologies, unmanned air vehicles (UAV) and
advanced information and communication systems such as the applications of
Command, Control, Communication, Intelligence, Surveillance and Reconnaissance
(C4ISR). Embraer´s aircraft and military solutions are present in more than 50
Armed Forces of 48 countries.

About Avibras

Founded in 1961, Avibras Divisão Aérea e Naval S.A is a 100% national company,
specialized in engineering, which designs, develops and manufactures products
for the military and civilian markets. Its ample defense portfolio includes
artillery rocket systems, autonomous and guided missiles, anti-aircraft
systems, weapon systems for aircraft, military armored vehicles, remotely
piloted aircraft, command and control vehicles and complex systems
integration.

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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