Another Success for Elbit Systems' MUSIC Family of DIRCM Systems: Elbit Systems Awarded an Approximately $26.5 Million Contra...

HAIFA, Israel, December 16, 2015 /PRNewswire/ --

Elbit Systems Ltd. (NASDAQ and TASE:ESLT) ("Elbit Systems") announced today that it was awarded a contract to supply commercial multi-spectral infrared countermeasures (C-MUSIC™) systems to be implemented onboard a wide body jet aircraft of a country in the Asia-Pacific region. The contract, valued at approximately $26.5 million, will be performed over a two-year period.

Based on Elbit Systems' MUSIC family of Directed Infrared Countermeasure (DIRCM) systems for fixed-wing aircraft and helicopters, C-MUSIC is an advanced countermeasure system that uses advanced fiber laser-directed infrared countermeasure technology to protect mid to large size airliners against heat-seeking shoulder-fired surface-to-air missiles, also known as man portable air defense systems (MANPADs).

Elbit Systems MUSIC family of DIRCM system integrated with the advanced Passive Airborne Warning System (PAWS) IR based missile warning system has undergone extensive testing with very successful results. Recently Elbit Systems, in cooperation with Airbus Military, participated in a North Atlantic Treaty Organization (NATO) testing one of the MUSIC family of DIRCM systems with excellent results. The MUSIC family of DIRCM systems is used by many customers worldwide on a wide range of small, medium and large aircraft platforms.

"This contract is another major milestone for Elbit Systems, providing evidence of the high quality and reliability of our DIRCM Systems", said Elad Aharonson, General Manager of Elbit Systems ISTAR Division. "We are proud to have been chosen by another customer in the Asia-Pacific region, which is an important market for us. C-MUSIC provides effective self-protection against IR-seeking weapons that pose a growing threat for aviation, as the proliferation and capabilities of MANPADs continue to advance. We hope more customers will follow in choosing our cutting-edge DIRCM solutions."

About Elbit Systems

Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial 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 aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios and cyber-based systems. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.

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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.

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Contacts:

Company Contact:

Joseph Gaspar, Executive VP & CFO
Tel: +972-4-8316663
j.gaspar@elbitsystems.com
Dalia Rosen, VP, Head of Corporate Communications
Tel: +972-4-8316784
dalia.rosen@elbitsystems.com
Elbit Systems Ltd.