ESLT Elbit Systems Ltd

The Project is Valued at $55 Million and Will Include Instruction and Maintenance Services HAIFA, Israel, July 15 /PRNewswire-FirstCall/ -- Elbit Systems Ltd. (NASDAQ:ESLT) announced today that it was awarded a contract from the Israeli Ministry of Defence for the establishment of a mission planning center for the Israeli Air Force's (IAF) pilots of F-16C/D and F-16I fighter aircraft. (Logo: http://www.newscom.com/cgi-bin/prnh/20080408/300441 ) The center will be operated through a PFI (Private Financing Initiative) concept, and will include, among others, a development phase as well as instruction and maintenance services for duration of 15 years. The project is valued at approximately $55 million, subject to necessary approvals during the project. The new mission planning center marks a significant breakthrough in the operational training sector. The system enables training in various mission scenarios in varying operational zones and in the relevant threat environment of each zone, a new training capability which has not yet been available to the IAF. With its high quality operational training capabilities, the new center will allow the IAF to operate some of the training sorties onboard the trainers, instead of the fighter jets, thus allowing maximized use of existing resources. Ran Hellerstein, Co-General Manager of Elbit Systems' Aerospace Division, noted: "The mission planning system was developed in line with the modern combat doctrine that calls for the operation of multiple forces and thus requires interoperable training. We take great pride in the IDF's selection and trust that Elbit Systems' vast experience in the training of air and ground forces and UAV operators, as well as our interoperability aptitude and accumulated experience in private funding initiatives, will result in the most suitable solution for the IDF." 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. For additional information, visit: http://www.elbitsystems.com/. 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. Contacts: Company Contact: IR Contact: Joseph Gaspar, Executive VP & CFO Ehud Helft / Kenny Green Dalia Rosen, G.K. Investor Relations Head of Corporate Communications Tel: +1-646-201-9246 Elbit Systems Ltd E-mail: Tel: +972-4-8316663 Fax: +972-4-8316944 E-mail: http://www.newscom.com/cgi-bin/prnh/20080408/300441DATASOURCE: Elbit Systems Ltd CONTACT: Company Contact: Joseph Gaspar, Executive VP & CFO, Dalia Rosen, Head of Corporate Communications, Elbit Systems Ltd, Tel: +972-4-8316663, Fax: +972-4-8316944, E-mail: , ; IR Contact: Ehud Helft / Kenny Green, G.K. Investor Relations, Tel: +1-646-201-9246, E-mail:

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