Elbit Systems Awarded Contracts for the Supply of Thermal Imaging Systems

Released on Wednesday, May 21, 2008

Haifa, Israel, May 21, 2008 - Elbit Systems Ltd. (NASDAQ:ESLT) announced that its subsidiary, Elbit Systems Electro-Optics Elop Ltd. (Elop) has been recently awarded three contracts valued in a total amount of approximately $87 million from a customer in Asia for the supply of cooled Thermal Imaging systems for reconnaissance and target acquisition applications. One of the contracts will be performed through Elbit Security Systems Ltd. The projects will be performed over two years and Elop foresees potential for follow-on orders.

These contract awards reflect Elop's industry leadership in the area of advanced cooled detector technologies, which serve as the foundation for a wide range of thermal imaging products for military applications. The advanced features of Elop's systems enable them to produce thermal images of very high quality.

Joseph Ackerman, President and CEO of Elbit Systems said: "Our Thermal Imaging systems have recorded thousands of successful operational hours with the most demanding military organizations in the world. These recent contract awards continue a string of recent orders from customers in four continents, further strengthening our status as a world leader in cooled FLIR technologies."