Elbit Systems Subsidiary Elisra Awarded a Contract Valued at $60 Million

HAIFA, Israel --- Elbit Systems Ltd. announced today that that its 70%-owned subsidiary, Elisra Electronic Systems Ltd., was awarded a $60 million contract to supply an Airborne Surveillance System to a European country. Deliveries under the contract will be made over a two - year period.>> Yitzchak Gat, CEO of Elisra said: "The Elisra system was selected after a long, in-depth evaluation process." He added: "The selection of Elisra's solution is another testament to the company's technological leadership in the field, and we hope that the current award will be followed by additional contracts in the future.">>> The Elisra Electronic Systems Group comprises Elisra Electronic Systems Ltd., Tadiran Electronic Systems Ltd. and Tadiran Spectralink Ltd. The Group designs, develops, manufactures, integrates and supports advanced system solutions for air, sea and land deployment in numerous countries. The Elisra Group is a 70% subsidiary of Elbit Systems Ltd.>> Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of defense-related programs throughout the world.>> -ends->