Elbit and ATK to Develop Laser Guided Advanced Tactical Rocket System

(Minneapolis, July 9, 2008) -- Elbit Systems Ltd. (NASDAQ: ESLT) and Alliant Techsystems (NYSE: ATK) announced today that they have signed a teaming agreement to develop the Guided Advanced Tactical Rocket - Laser (GATR-L).

GATR-L provides an affordable precision strike capability for all fixed-wing, rotary-wing, and Unmanned Aerial Systems (UAS) platforms. The 70mm rocket employs a Semi-Active Laser (SAL) guidance package to achieve high accuracy against both stationary and moving targets. In addition, GATR-L provides the ability to lock-on before launch to ensure only the target of interest is engaged. GATR-L is compatible with existing 70mm launcher hardware and utilizes enhanced Insensitive Munitions technologies.

Source : Elbit Systems Ltd.