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Elbit Systems Issues a Cash Tender Offer for ITL’s Shares

HAIFA, Israel January 20, 2011

February 8, 2011 NIS 12.5 $3.52 NIS 18.8 million $5.3 million

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.

Israel the United States

     Contacts:      Company Contact:      Joseph Gaspar, Executive VP & CFO     Tel: +972-4-8316663     [email protected]      Dalia Rosen, VP, Head of Corporate Communications     Tel: +972-4-8316784     [email protected]       Elbit Systems Ltd.      IR Contact:     Ehud Helft     Kenny Green     CCG Investor Relations     Tel: +1-646-201-9246     [email protected]  

SOURCE Elbit Systems Ltd

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