Elbit Acquires Electro Optic Research and Development Company

(Haifa, Israel, June 30, 2008) -- Elbit Systems Ltd. (NASDAQ:ESLT) announced the acquisition of all of the shares of Electro Optic Research and Development Company Ltd. ("EORD") from their former shareholders, Technion Research & Development Foundation Ltd. and Bynet Electronics Ltd., for a purchase price amount not material to Elbit Systems.

EORD is an Israeli company, engaged in research and development of acoustic and seismic sensors and systems for military and security applications.

Source : Elbit Systems Ltd.

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