HAIFA, Israel, February 7 /PRNewswire-FirstCall/ -- Elbit Systems Ltd. (NASDAQ:ESLT) reported today that Ilan Pacholder, Elbit Systems' Corporate Secretary and Vice President Finance and Capital Markets, has announced his intention to leave the company towards the end of the first quarter of 2007. Elbit Systems' Board of Directors and Management express their appreciation for Mr. Pacholder's invaluable contribution to the company during his 12-year tenure in senior positions at Elbit Systems' corporate headquarters and its finance department. 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 worldwide. Contacts Company contact IR Contacts Ilan Pacholder, Ehud Helft/Kenny Green Corporate Secretary and GK International VP Finance & Capital Markets Tel: +1-866-704-6710 Elbit Systems Ltd. Fax: +972-3-607-4711 Tel:+972-4 831-6632 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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