Elbit Systems and Sharp Aviation K Announce the Establishment of a Joint Company in South Korea

   Elbit Systems and Sharp Aviation K Announce the Establishment of a Joint
                            Company in South Korea

PR Newswire

HAIFA, Israel, April 25, 2013

HAIFA, Israel, April 25, 2013 /PRNewswire/ --

Elbit Systems Ltd. (NASDAQ andTASE: ESLT) ("Elbit Systems") announced today
the establishment of Sharp Elbit Systems Aerospace, Inc. ("SESA"), a jointly
owned company in South Korea, with Sharp Aviation K Inc. ("Sharp Aviation K"),
located in Seoul, South Korea. Elbit Systems will own 19%with a growth option
to 50% ownership.

SESA will operate in Ansan and among other capabilities, will offer
maintenance, repair and manufacture of advanced military aircraft avionics as
well as research and development of systems and avionics for both existing and
future projects, such as the Korean Light Attack Helicopter (LAH) and the
Korean Future Fighter (KFX) development projects. Contracts currently operated
by Sharp Aviation K will be transferred to SESA as part of the transaction.

As a Korean company, SESA will also be able to offer offset solutions to
foreign suppliers and OEM's selling defense goods and services in Korea.

Mr. Soon-Suk Paik, President and CEO of Sharp Aviation K commented:"Working
with the Defense Acquisition Program Administration (DAPA) of Korea and
international and Korean manufacturers, SESA will offer the Korean aerospace
market advanced solutions and systems, made in Korea and based on Elbit
Systems' technological portfolio and Sharp Aviation K's vast experience in
aviation and avionics, strong local presence and deep understanding of the
Korean market".

Mr. Bezhalel (Butzi) Machlis, Elbit Systems' President and CEO, noted: "The
establishment of this new company is a significant step for Elbit Systems in
Korea, which we consider to be a very important market. We trust that
establishing this jointly owned company will bring new opportunities and will
be of mutual benefit for both our companies and for Korea". 

About Sharp Aviation K

Sharp Aviation K Inc. is an aviation services company in Korea engaged in
nationwide commercial and defense programs.

With a mission of "being the customer's strategic partner and their first
choice in aviation services in Korea", Sharp Aviation K and its subsidiaries
have been in the Korean market since 1964, and operate in the areas of
commercial airlines' passenger and cargo GSSA, full ground handling services,
cargo terminal, FAA repair shop, aircraft parts,fuelling, in-flight catering
and other related services in six airports in Korea and is currently building
an aircraft maintenancehangar at Incheon International Airport to further
strengthen the company's position as an independent total aviation service
provider in Korea.

For additional information, please visit: http://www.sharp.co.kr

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, please 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