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Elbit Systems to Supply a Far Eastern Country with Artillery and Radio Systems for Approximately $50 Million

HAIFA, Israel, Oct. 14, 2012 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ and TASE: ESLT ("Elbit Systems"), announced today that it was awarded two contracts from a Far Eastern country to supply defense systems at a total value of approximately $50 million.

Under the first contract, Elbit Systems will supply the country's Artillery Corps the ATMOS autonomous artillery system, for approximately $30 million, to be supplied within three years. The system, mounted on various wheeled platforms, enhances mission flexibility, reaction speed and survivability of both the crew and the system.

Under the second contract Elbit Systems will supply the country's Armed Forces with personal radio systems, for approximately $20 million, which will be supplied within a year.

About Elbit Systems
Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of 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 ("UAS"), 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, developing new technologies for defense, homeland security and commercial aviation applications and providing a range of support services.

For additional information, visit: www.elbitsystems.com.


Company Contact:

IR Contact:

Joseph Gaspar, Executive VP & CFO

Ehud Helft

Tel: +972-4-8316663

Kenny Green

[email protected]

CCG Investor Relations

Dalia Rosen, VP, Head of Corporate Communications

Tel: 1-646-201-9246

Tel: +972-4-8316784

e-mail: [email protected]

[email protected]

Elbit Systems Ltd.

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.

SOURCE Elbit Systems Ltd.

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