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Elbit Systems Reaches Agreement to Acquire Balance of Elisra’s Shares Held by Elta Systems for $67.5 Million

HAIFA, Israel February 22, 2011 $67.5 million

The parties will work to obtain third parties’ approvals, to the extent necessary, in order to complete the acquisition.

Elisra is a world leader in the field of Information Warfare (EW, Intelligence and C3), and is comprised of Elisra, Tadiran Electronic Systems Ltd.and Tadiran Spectralink Ltd.

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

SOURCE Elbit Systems Ltd

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