Elbit Systems' Subsidiary, Talla-Com, Awarded Multiple Contracts From U.S. Department of Defense to Supply UHF Satcom Power Ampl

Dec. 12, 2007

HAIFA , Israel , December 12 /PRNewswire-FirstCall/ -- Elbit Systems Ltd.-(NASDAQ:ESLT) announced that Tallahassee Communications Industries, Inc. (Talla-Com), its wholly-owned U.S. subsidiary, was recently awarded multiple contracts from U.S. Department of Defense Agencies to supply UHF SATCOM (Satellite Communications) Power Amplifiers to the military. The contracts' values sum up to $13 million.

Talla-Com's President, Mr. Joel Friederich views these awards as "testament to the trust of our customers in the performance and quality of our products and our company. Talla-Com is proud to provide the U.S. military with the technology that will enable them to complete their missions successfully."

About Talla-Com Industries:

Talla-Com is a wholly-owned subsidiary of Elbit Systems Ltd. Israel , (Nasdaq:ESLT). The Elbit Systems' Group's US operations are headquartered at Elbit Systems of America, LLC in Fort Worth , Texas.

Talla-Com is engaged in the design, development, and manufacture of Radio Frequency (RF) systems and subsystems.

About Elbit Systems

Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of defense-related programs throughout the world. The Elbit Systems Group, which includes the company and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned air vehicle (UAV) systems, advanced electro-optics, electro-optic space systems, EW suites, airborne warning systems, ELINT systems, data links and military communications systems and radios. The Group also focuses on the upgrading of existing military platforms and developing new technologies for defense, homeland security and commercial aviation applications.

This press release contains forward-looking statements (within the meaning of section 27a of the securities act of 1933, as amended and section 21e of the securities exchange act of 1934, as amended) regarding Elbit systems ltd. and/or companies in the Elbit systems group, to the extent such statements do not relate to historical or current fact. Forward looking statements are based on management's expectations, estimates, projections and assumptions. Forward-looking statements are made pursuant to the safe harbor provisions of the private securities litigation reform act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results, performance and trends may differ materially from these forward-looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Elbit systems group operates or sells, including Israel and the united states among others; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit systems ltd.'s latest annual report on form 20-f, which is on file with the u.s. securities and exchange commission. All forward-looking statements speak only as of the date of this release. Elbit systems does not undertake to update its forward-looking statements.

Contacts: Company Contact: Joseph Gaspar, Corporate VP & CFO, Dalia Rosen, Director of Corporate Communications, Elbit Systems Ltd, Tel: +972-4-8316663 Fax: +972-4-8316944, E-mail: [email protected], [email protected]; IR Contact: Ehud Helft / Kenny Green, G.K. Investor Relations, Tel: +1-646-201-9246, Fax: +972-3-607-4711, E-mail: [email protected].

SOURCE Elbit Systems Ltd

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