Elbit Systems of America Awarded Contract from the Boeing Company to Develop New Head up Displays for the U.S. Air Force C-17

FORTH WORTH, Texas, March 9, 2011 /PRNewswire-FirstCall/ -- Elbit Systems of America, LLC, a wholly owned subsidiary of Elbit Systems Ltd. has been awarded a contract from The Boeing Company for the development of the C-17 Replacement Head Up Display ("RHUD") for the United States Air Force. The contract also contains options for Recurring Production, Depot Support and Repairs.

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The C-17 provides rapid strategic delivery of troops and cargo to main operating bases as well as tactical airlift and airdrop operations within a theatre of operations. The collective efforts of Boeing and Elbit Systems of America will provide the United States Air Force with a new C-17 RHUD that will enhance the ability of the aircraft to fulfill the United States' worldwide air mobility requirements.

With the C-17 HUD operator in mind, Elbit Systems of America has incorporated growth provisions that will provide the foundation for sensor fusion and other enhancements, to increase approach stability and pilot's situational awareness in critical phases of flight during reduced visibility conditions. The RHUD enhancements also increase ease of maintenance, enhanced reliability and mitigation of obsolescence. The RHUD Projector Unit features an advanced optical design with a wide field of view. The design incorporates a Digital Image Source (DIS), optimizing image quality and performance across many interrelating properties. The HUD Computer Unit (CU) design includes cutting edge processing and graphic capabilities built using Elbit Systems' history of expertise developing display electronics. The HUD CU contains a service-port to access and acquire Built-in-Test results directly from the Shop Replacement Unit level, reducing unnecessary removals. It is located in the equipment rack providing easy maintenance and access to system health parameters.

Elbit Systems of America, President and CEO, Raanan Horowitz added: "We at Elbit Systems of America are proud to have been selected to incorporate our leading HUD technology into the world's most advanced airlift aircraft. The selection by Boeing is a testimony to our world class capabilities and dedication to supporting those who contribute daily to the safety and security of the United States."

About Elbit Systems of America, LLC

Elbit Systems of America is a leading provider of high performance products and system solutions focusing on the commercial aviation, defense, homeland security, and medical instrumentation markets. With facilities throughout the United States, Elbit Systems of America is dedicated to supporting those who contribute daily to the safety and security of the United States. Elbit Systems of America, LLC is wholly owned by Elbit Systems Ltd. (NASDAQ and TASE: ESLT), a global electronics company engaged in a wide range of programs for innovative defense and commercial applications.

About Elbit Systems

Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of 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 aircraft systems ("UAS"), 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, developing new technologies for defense, homeland security and commercial aviation applications and providing a range of support services. For additional information, visit: http://www.elbitsystems.com.

Trademarks

Elbit Systems of America and other trademarks, service marks and logos are registered or unregistered marks of Elbit Systems of America companies in the United States and in foreign countries. Copyright (c) 2011 Elbit Systems of America. All rights reserved.

Forward Looking Statement

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.

Contact: Tarrah Ledoux, +1-603-886-2269, [email protected]

SOURCE Elbit Systems of America

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