Elbit Subsidiary Selected by LM to Supply F-16 HUDs

Elop Signs Multi-Year Master Purchase Order; Initial Order Valued at $3.8 million

(Haifa, Israel, April 9, 2008) -- Elbit Systems Ltd. (NASDAQ:ESLT) announced that its subsidiary Elbit Systems Electro-Optics Elop Ltd. was selected by Lockheed Martin Aeronautics .to supply new generation Head Up Displays (HUDs) for the new F-16 aircraft.

The multi-year project, which will commence immediately, is a continuation of ongoing cooperation between the two companies in the area of HUDs for F-16 aircraft.
An initial order valued at approximately $3.8 million has been placed. The full potential value of the master purchase order is dependent on the level of future F-16 sales.

According to Elbit Systems Electro-Optics Elop General Manager, Haim Rousso:
"This framework agreement strengthens Elop's important cooperation with Lockheed Martin. High performance, high reliability and cost effectiveness are the main elements of our unique HUD solutions for the F-16 and other programs."

Source : Elbit Systems Ltd.

Recent News / Press releases from Elbit Systems Ltd.

• Elbit and ATK to Develop Laser Guided Advanced Tactical Rocket System [Defence] [ Thu 10 Jul 2008 ]
• Elbit to Supply UAV Systems to a European Country [Defence] [ Mon 7 Jul 2008 ]
• Elbit Acquires Electro Optic Research and Development Company [Defence] [ Mon 30 Jun 2008 ]
• Elbit Awarded Contract Valued at Approximately $9 M [Defence] [ Wed 18 Jun 2008 ]
• Elbit Supplies IAF F-16I Simulator System to IMoD [Defence] [ Wed 4 Jun 2008 ]
• Elbit Awarded $87 M for Thermal Imaging Systems [Defence] [ Thu 22 May 2008 ]
• Elbit Receives $127 M for Advanced Communications Solutions [Defence] [ Mon 5 May 2008 ]