HAIFA, Israel, September 18 /PRNewswire-FirstCall/ -- Elbit Systems Ltd. (NASDAQ Global Select Market: ESLT) reported the initiation of a re-organization plan by its 70%-owned Israeli subsidiary - the Elisra Group. The plan, designed to enhance the synergies and maximize the range of capabilities of the Elisra Group's members: Elisra Electronic Systems Ltd., Tadiran Electronic Systems Ltd. and Tadiran Spectralink Ltd., was announced today by Brig. Gen. (Res.) Yitzhak Gat, CEO of the Elisra Group. Under the new re-organization plan, the Elisra Group will establish a new central Operations Division, which also will include Elisra's Microwave Division. Colonel (Res.) Ami Dagan, formerly the general manager of Elbit Systems' Silver Arrow, subsidiary, will head the new Operations Division. The Operations Division will provide services to all the Elisra Group's business units, with the aim of enhancing operational efficiency and leveraging its size for procurement and logistics advantages. Moreover, the re-structuring is expected to increase marketing and R&D synergies among the Elisra Groups' various business units, thus enhancing future growth and profitability. Mr. Itzhak Beni will retire from his position as President and CEO of Tadiran Spectralink and Tadiran Electronic Systems and will be joining Elbit System's Group. About the Elisra Group The Elisra Group comprises Elisra Electronic Systems Ltd., Tadiran Electronic Systems Ltd. and Tadiran Spectralink Ltd. The Group designs, develops, manufactures, integrates and supports advanced system solutions for air, sea and land, deployed in numerous countries worldwide. The Elisra Group's major products include: New Generation Integrated Self-Protection Suites including Multi Spectral EW Payloads with Radar Warning Receivers, Laser Warning System, Passive IR Missile Warning System and Chaff and Flare Dispensing System for Fighters, Helicopters, Transport Aircraft and MPA; SIGINT Systems with C4ISTAR, COMINT DF/ ELINT/ECM; Full C4I Solutions - for all Battlefield Command Chains such as Battlefield Management and Control including Artillery C4I Systems; Theater Missile Defense including Test Bed; Advanced Search and Rescue Systems; and Data Links for UAVs & Guided Munitions. The Elisra Group is a 70% subsidiary of Elbit Systems. 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. Contacts Company contact IR Contacts Ilan Pacholder, Corporate Secretary Ehud Helft/Kenny Green and GK International VP Finance & Capital Markets Elbit Systems Ltd. Tel: +972-4-831-6632 Tel: +1-866-704-6710 Fax: +972-4-831-6659 Fax: +972-3-607-4711 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, @gk-biz.com

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