Elbit Systems Subsidiary Purchases Bar-Kal

Released on Monday, June 23, 2008

Haifa, Israel, June 23, 2008 - Elbit Systems Ltd. (NASDAQ:ESLT) announced that its subsidiary Elbit Systems Electro-Optics Elop Ltd. ("Elop") acquired all of the shares of Bar-Kal Systems Engineering Ltd. ("Bar-Kal"), for a purchase price amount not material to Elbit Systems.

Bar-Kal is an Israeli company, engaged in research, development and marketing of technologies related to systems engineering of hyperspectral remote sensing for defense and Government-related customers in Israel and abroad.

According to Elop's General Manager, Haim Rousso : "The acquisition of Bar-Kal is an important enhancement of technological and system capabilities of Elbit Systems to provide the customers with integrated ISR solutions."