Elbit Subsidiary to Supply Boeing F-15 Components

Valued at $31 Million

(Haifa, Israel, August 20, 2008) -- Elbit Systems Ltd. (NASDAQ: ESLT) announced that its subsidiary, Cyclone Aviation Products Ltd. (Cyclone), has been awarded a contract by The Boeing Company valued at approx. US$31 million to supply structural components for its F-15 fighter jets.

The contract calls for the supply of external fuel tanks, pylons, horizontal stabilizers and gun access doors. Deliveries are scheduled between 2009 and 2011.

Yoram Shmuely, Co-General Manager of Elbit Systems Aerospace Division said: "We are proud to be selected by Boeing to supply key elements for the F15. This contract win reflects the trust and recognition we have established among major aviation manufacturers such as Boeing."

Source : Elbit Systems Ltd.

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