Elbit Systems' Partner, Hanwha, was Selected for the Australian Land 400 Phase 3 Project

Elbit Systems Ltd. (NASDAQ: ESLT and TASE: ESLT) Elbit Systems announced today that its partner in the Australian Land 400 Phase 3 project (the “Project”), Hanwha Defense Australia (“Hanwha”), has reported that it was downselected by the Australian Government, as the preferred tenderer for the Project, with final Government approval to be sought at the conclusion of contract negotiations. Hanwha further reported that Elbit Systems is a key partner to Hanwa to deliver the Redback Infantry Fighting Vehicle (IFV) under the Project.

The Redback integrates the Redback Turret which is based on the latest generation of Elbit Systems’ 30 mm manned turret with the COAPS gunner sight, additional electro-optic systems, Iron Fist active protection system, Elbit Systems’ Iron-Vision advanced situational awareness head mounted display system and Elbit Systems’ ELAWS laser warning system.

The anticipated contract between Hanwha and Elbit Systems is also contingent upon completion of negotiations between both parties and the Company expects the contract to be in an amount that is material to the Company.