Elbit Awarded $55 M for EW Equipment for Canadian Navy

(Haifa, Israel, May 7, 2009) -- Elbit Systems Ltd. (NASDAQ:ESLT) announced today that its subsidiary, Elisra Electronic Systems Ltd. (Elisra), was awarded a contract by Lockheed Martin Canada Ltd valued at approximately $55 million to supply Electronic Warfare (EW) equipment for the Canadian Navy's Halifax Frigate Modernization program. Elisra's systems were selected after meeting the strict standards and challenges required by the customer.

Elisra CEO, Itzhak Gat, said he takes great pride in the decision of Lockheed Martin Canada to select Elisra over others in industry. Gat noted that Elisra has had a longstanding relationship with Lockheed Martin Canada, based on professional cooperation and trust, as well as the use of advanced domestic technology. Gat further added that he expects that the introduction of the new systems will bring about future contracts in the EW field worldwide.

Source : Elbit Systems Ltd. - click here for more information