ESLT Elbit Systems Ltd

Elbit Systems Considering Purchase of Koor's Holdings in Elisra HAIFA, Israel, June 22 /PRNewswire-FirstCall/ -- Elbit Systems Ltd. (NASDAQ:ESLT) reported, following media publicity on the matter, that it is considering with Koor Industries Ltd. (Koor) (NYSE:KOR), among other matters, the possibility of acquiring Koor's holdings in Elisra Electronic Systems Ltd; however, no agreement on this subject has yet been reached. Elbit Systems also reported that the process is progressing for completing the second stage of its agreement with Koor for the purchase of Koor's shares of Tadiran Communications. Following the completion on April 18, 2005 of the first stage in the Tadiran Communications purchase agreement, Elbit Systems holds approximately 20% of Tadiran Communications' shares. Contacts: Company contact IR Contacts Ilan Pacholder, Corporate Secretary and Ehud Helft/Kenny Green VP Finance & Capital Markets GK International Elbit Systems Ltd. Tel: +1-866-704-6710 Tel: +972-4-831-6632 Fax: +972-3-607-4711 Fax: +972-4-831-6659 STATEMENTS IN THIS PRESS RELEASE WHICH ARE NOT HISTORICAL DATA ARE FORWARD-LOOKING STATEMENTS WHICH INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES OR OTHER FACTORS NOT UNDER THE COMPANY'S CONTROL, WHICH MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE OR OTHER EXPECTATIONS IMPLIED BY THESE FORWARD-LOOKING STATEMENTS. THESE FACTORS INCLUDE, BUT ARE NOT LIMITED TO, THOSE DETAILED IN THE COMPANY'S PERIODIC FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION. DATASOURCE: Elbit Systems Ltd. CONTACT: Contacts: Company contact: Ilan Pacholder, Corporate Secretary and VP Finance & Capital Markets, Elbit Systems Ltd., Tel: +972-4-831-6632, Fax: +972-4-831-6659, ; IR Contacts: Ehud Helft/Kenny Green, GK International, Tel: +1-866-704-6710, Fax: +972-3-607-4711, ,

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