Elbit Subsidiary, Elisra, Awarded a Contract Valued at $60 M

(Haifa, Israel, December 2, 2008) -- Elbit Systems Ltd. (NASDAQ: ESLT) announced today that that its 70%-owned subsidiary, Elisra Electronic Systems Ltd. (Elisra), was awarded a $60 million contract to supply an Airborne Surveillance System to a European country. Deliveries under the contract will be made over a two - year period.

Yitzchak Gat, CEO of Elisra said: "The Elisra system was selected after a long, in-depth evaluation process." He added: "The selection of Elisra's solution is another testament to the company's technological leadership in the field, and we hope that the current award will be followed by additional contracts in the future."

Source : Elbit Systems Ltd.