ESLT Elbit Systems Ltd

HAIFA, Israel, July 26 /PRNewswire-FirstCall/ -- Elbit Systems Ltd. (NASDAQ:ESLT) was awarded a contract by the Brazilian aircraft manufacturer Embraer, to supply avionic systems for the Colombian Air Force's Super Tucano aircraft. Elbit Systems' share of the project is expected to amount to approximately $17 Million and will include also a logistics support package. The current order awarded to Elbit Systems calls for the supply of a major portion of the contract's avionic systems, scheduled to take place during 2006 and 2007. The agreement between Elbit Systems and Embraer for the supply of aircraft to Colombia is yet a further stage in the cooperation between the two companies. Elbit Systems is already the supplier of avionic packages, equipment, maintenance and logistics services for the Brazilian Air Force Super Tucano aircraft, manufactured by Embraer, an ongoing successful program that has paved the way for further joint ventures. Joseph Ackerman, President and CEO of Elbit Systems said: "Embraer and Elbit Systems have a successful track record of winning international tenders and we look forward to the success of further ventures worldwide. We are pleased to take part in Embraer's project in Colombia and are confident that the systems integrated in the aircraft will improve its performance and add to the safety of the pilots. I trust that the success of this project will bring about additional programs reflecting the unique capabilities and strengths of both companies." About Elbit Systems Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of defense-related programs throughout the world. The Elbit Systems Group, which includes the company and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence, surveillance and reconnaissance ("C4ISR"), advanced electro-optic and space technologies, EW suites, airborne warning systems, ELINT systems, data links and military communications systems and equipment. The Group also focuses on the upgrading of existing military platforms and developing new technologies for defense and homeland security applications. About Embraer: Embraer (Empresa Brasileira de Aeronautica S.A.) - NYSE: ERJ; Bovespa: EMBR3 and EMBR4) is the world's leading manufacturer of Commercial jets up to 110 seats with 36 years of experience in designing, developing, manufacturing, selling and providing after sales support to aircraft for the global Airline, Defense and Business jet markets. With headquarters in Sao Jose dos Campos, state of Sao Paulo, the Company has offices and customer service bases in the United States, France, Portugal, China and Singapore. Embraer is among Brazil's leading exporting companies. As of December 31, 2005, Embraer had a total workforce of 16,953 people, and its firm order backlog totaled US$ 10.4 billion. 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. 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 DATASOURCE: Elbit Systems Ltd CONTACT: 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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