Elbit Systems' U.S. Subsidiary, M7 Aerospace, to Supply Boeing With Inboard Flap Assemblies for KC-135 Stratotanker

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Jul 20, 2011, 04:24 ET

HAIFA, Israel, July 20, 2011 /PRNewswire/ --

Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems") announced that Elbit Systems of America's subsidiary, M7 Aerospace LP ("M7 Aerospace"), has been awarded a three-year contract by The Boeing Company to supply Inboard Flap Assemblies for the KC-135 Stratotanker. The contract is not in an amount that is material to Elbit Systems.

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The KC-135 is a 4-engine military aircraft and the predominant United States Air Force tanker aircraft flying today. Located on the trailing edge of an aircraft's wing, Inboard Flaps are lowered to increase lift, allowing the aircraft to fly at a lower airspeed for take-off and landing.

Elbit Systems of America President and Chief Executive Officer, Raanan Horowitz, commented, "Elbit Systems of America is pleased to provide continued support to The Boeing Company and produce an integral piece of the KC-135 through the leading manufacturing capabilities of our recently acquired subsidiary, M7 Aerospace."

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.

This press release contains forwardlooking 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.

Forwardlooking 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 forwardlooking 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 forwardlooking statements speak only as of the date of this release. The Company does not undertake to update its forward-looking statements.

Contacts:

Company Contact:

Joseph Gaspar, Executive VP & CFO
Tel: +972-4-8316663
[email protected]
Dalia Rosen, VP, Head of Corporate Communications
Tel: +972-4-8316784
[email protected]
Elbit Systems Ltd.

IR Contact:

Ehud Helft
Kenny Green
CCG Investor Relations
Tel: +1-646-201-9246
[email protected]