HAIFA, Israel, May 21 /PRNewswire-FirstCall/ -- Elbit Systems Ltd.
(NASDAQ:ESLT) announced that its subsidiary, Elbit Systems Electro-Optics
Elop Ltd. (Elop) has been recently awarded three contracts valued in a
total amount of approximately $87 million from a customer in Asia for the
supply of cooled Thermal Imaging systems for reconnaissance and target
acquisition applications. One of the contracts will be performed through
Elbit Security Systems Ltd. The projects will be performed over two years
and Elop foresees potential for follow-on orders.

    (http://www.newscom.com/cgi-bin/prnh/20080408/300441)

    These contract awards reflect Elop's industry leadership in the area of
advanced cooled detector technologies, which serve as the foundation for a
wide range of thermal imaging products for military applications. The
advanced features of Elop's systems enable them to produce thermal images
of very high quality.

    Joseph Ackerman, President and CEO of Elbit Systems said: "Our Thermal
Imaging systems have recorded thousands of successful operational hours
with the most demanding military organizations in the world. These recent
contract awards continue a string of recent orders from customers in four
continents, further strengthening our status as a world leader in cooled
FLIR technologies."

    About Elbit Systems

    Elbit Systems Ltd. is an international defense electronics company
engaged in a wide range of defense-related programs throughout the world.
The Company, which includes Elbit Systems and its subsidiaries, operates in
the areas of aerospace, land and naval systems, command, control,
communications, computers, intelligence surveillance and reconnaissance
("C4ISR"), unmanned air vehicle (UAV) systems, advanced electro-optics,
electro-optic space systems, EW suites, airborne warning systems, ELINT
systems, data links and military communications systems and radios. The
Company also focuses on the upgrading of existing military platforms and
developing new technologies for defense, homeland security and commercial
aviation applications.

    This press release contains forward-looking statements (within the
meaning of Section 27A of the Securities Act of 1933, as amended and
Section 21E of the Securities Exchange Act of 1934, as amended) regarding
Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to
the extent such statements do not relate to historical or current fact.
Forward Looking Statements are based on management's expectations,
estimates, projections and assumptions. Forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, as amended. These statements are not guarantees of
future performance and involve certain risks and uncertainties, which are
difficult to predict. Therefore, actual future results, performance and
trends may differ materially from these forward-looking statements due to a
variety of factors, including, without limitation: scope and length of
customer contracts; governmental regulations and approvals; changes in
governmental budgeting priorities; general market, political and economic
conditions in the countries in which the Company operates or sells,
including Israel and the United States among others; differences in
anticipated and actual program performance, including the ability to
perform under long-term fixed-price contracts; and the outcome of legal
and/or regulatory proceedings. The factors listed above are not
all-inclusive, and further information is contained in Elbit Systems Ltd.'s
latest annual report on Form 20-F, which is on file with the U.S.
Securities and Exchange Commission. All forward-looking statements speak
only as of the date of this release. The Company does not undertake to
update its forward-looking statements.



    Contacts:
    Company Contact:                                 IR Contact:
    Joseph Gaspar, Corporate VP & CFO                Ehud Helft / Kenny Green
    Dalia Rosen, Head of Corporate Communications    G.K. Investor Relations
    Elbit Systems Ltd                                Tel: +1-646-201-9246
    Tel: +972-4-8316663                              E-mail: info@gkir.com
    Fax: +972-4-8316944
    E-mail: gspr@elbit.co.il
            daliarosen@elbit.co.il

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