Elbit Systems' US Subsidiary Kollsman, Awarded ID/IQ Contract Worth Up to $97 M from U.S. Navy

Received Initial Delivery Orders Valued at $14 Million

(Haifa, Israel, June 27, 2007) -- Elbit Systems Ltd. (NASDAQ:ESLT) reported today that Kollsman, Inc. an Elbit Systems of America company, announced receipt of an Indefinite Delivery/Indefinite Quantity (ID/IQ) contract from the Naval Inventory Control Point-Philadelphia (NAVICP)/Naval Supply Systems Command (NAVSUP) for test, teardown, analysis and repair/modification of various Night Targeting System (NTS) Weapon Repairable Assemblies (WRAs) and System Repairable Assemblies (SRAs) in support of the AH-1 W Marine Corps Helicopter. The total ID/IQ contract value may run as high as $97 million over a five-year period. As part of this award Kollsman has received initial delivery orders valued at $14 million. Work will be mainly performed in Merrimack, New Hampshire and is expected to be completed in 2012.


"We are very pleased to be selected by the NAVICP/NAVSUP. This contract continues Kollsman's important work supporting the Marine Corps helicopter mission readiness and demonstrates excellent relations with this depot legacy program", stated Randy Moore, Kollsman's Executive Vice President and General Manager.

Source : Elbit Systems Ltd.