Elbit and ATK to Develop Laser Guided Advanced Tactical Rocket System

(Minneapolis, July 9, 2008) -- Elbit Systems Ltd. (NASDAQ: ESLT) and Alliant Techsystems (NYSE: ATK) announced today that they have signed a teaming agreement to develop the Guided Advanced Tactical Rocket - Laser (GATR-L).

GATR-L provides an affordable precision strike capability for all fixed-wing, rotary-wing, and Unmanned Aerial Systems (UAS) platforms. The 70mm rocket employs a Semi-Active Laser (SAL) guidance package to achieve high accuracy against both stationary and moving targets. In addition, GATR-L provides the ability to lock-on before launch to ensure only the target of interest is engaged. GATR-L is compatible with existing 70mm launcher hardware and utilizes enhanced Insensitive Munitions technologies.

Source : Elbit Systems Ltd.

Recent News / Press releases from Elbit Systems Ltd.

• Elbit Subsidiary to Supply Boeing F-15 Components [Defence] [ Wed 20 Aug 2008 ]
• Elbit to Equip Australia With Additional Skylark I UAVs [Defence] [ Mon 4 Aug 2008 ]
• Elbit to Supply the Israeli Defense Forces with MARS [Defence] [ Mon 28 Jul 2008 ]
• Elbit Introduces 'Dust-Off': Solution for Helicopter LVL [Defence] [ Mon 14 Jul 2008 ]
• 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 ]