ESLT Elbit Systems Ltd

Initial Order Valued at $22 Million Expected Shortly FORT WORTH, Texas, May 14 /PRNewswire-FirstCall/ -- Elbit Systems of America, LLC, a wholly owned subsidiary of Elbit Systems Ltd. (NASDAQ:ESLT) was awarded a contract from the U.S. Army's PM Mortars for the Mortar Fire Control (MFC) Systems Integration contract, with a ceiling price of $197.5 million. This award is a hybrid Indefinite Delivery / Indefinite Quantity-Time and Materials (ID/IIQ-T&M) contract. Under the contract, Elbit Systems of America will perform systems integration, development, production, fielding and support of the U.S. Army's Lightweight Handheld Mortar Ballistic Computer (LHMBC), Mortar Fire Control System (MFC) - Mounted (M95/M96), and Mortar Fire Control System - Dismounted (M15O/M151) mortar fire control Systems. Work on this program will be performed in Fort Worth, Texas and by several subcontractors across the United States. The initial delivery order, valued at approximately $22 million, is expected shortly. (Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300488 ) Raanan Horowitz, president and chief executive officer of Elbit Systems of America stated, "We are excited to be chosen by the U.S. Army for this important program. We bring to this effort a wide breadth of fire control systems experience as well as the potential for making future improvements and adding operational capabilities. Elbit Systems of America will be providing the Army with mortar fire control systems that increase accuracy and timely fires, and will do so while improving supply chain responsiveness and affordability." About Elbit Systems of America, LLC Elbit Systems of America is a leading provider of high performance products and system solutions focusing on the commercial aviation, defense, homeland security, and medical instrumentation markets. With facilities throughout the United States, Elbit Systems of America is dedicated to supporting those who contribute daily to the safety and security of the United States. Elbit Systems of America, LLC is wholly owned by Elbit Systems Ltd. (NASDAQ:ESLT), a global electronics company engaged in a wide range of programs for innovative defense and commercial applications. 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 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 air vehicle (UAV) systems, 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 and developing new technologies for defense, homeland security and commercial aviation applications. Trademarks Elbit Systems of America and other trademarks, service marks and logos are registered or unregistered marks of Elbit Systems of America companies in the United States and in foreign countries. Copyright (c) 2009 Elbit Systems of America. All rights reserved. Forward Looking Statement This press release contains forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current fact. Forward Looking Statements are based on management's expectations, estimates, projections and assumptions. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results, performance and trends may differ materially from these forward-looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date of this release. The Company does not undertake to update its forward-looking statements. Contact: Tarrah Ledoux +1-603-886-2269 http://www.newscom.com/cgi-bin/prnh/20080408/300488DATASOURCE: Elbit Systems of America CONTACT: Contact: Tarrah Ledoux, +1-603-886-2269,

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