Elbit to Supply Various Types of Laser Based Systems

Valued at $50 Million to the Israeli Ministry of Defense and to North American Customers

(Haifa, Israel, January 21, 2010) -- Elbit Systems Ltd. ( ESLT) announced today that it was awarded contracts in an aggregate amount of approximately $50 million to supply various types of laser based systems to the Israeli Ministry of Defense and to North American customers. The Israeli MoD will be supplied with laser systems, while in North America, Elbit Systems will supply two different customers with airborne laser systems. The orders were received by Elbit Systems Electro-Optics Elop Ltd. (Elop) and are to be delivered over the next two years. Elop is a world leader in advanced laser technology, developing solutions based on diode-pumped lasers and fiber lasers, for applications such as laser designators, laser radars, and laser-based airborne defense systems. These technologies enable the implementation of high-quality, compact and lightweight laser systems for a wide range of applications. Adi Dar, General Manager of Elbit Systems Electro-Optics Elop, commented: "We have been witnessing an increasing demand for advanced laser systems, mainly due to their ability to perform high precision identification and to prevent collateral damage". Dar further noted, "In addition to laser systems designed for the use of Ground Forces, we have identified an increasing demand for airborne laser designators, a niche in which Elop has an extensive and robust portfolio of solutions".

Source: Elbit Systems Ltd.
Date: Jan 22, 2010