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Elbit Systems’ Subsidiary, Elisra, Awarded a Contract Valued at $60 Million

Written by thomas · Filed Under Aeronautics News 

December 2, 2008

thomas

HAIFA, Israel, December 2 /PRNewswire-FirstCall/ — Elbit Systems Ltd. (NASDAQ: ESLT) announced today that that its 70%-owned subsidiary, Elisra Electronic Systems Ltd. (Elisra), was awarded a $60 million contract to supply an Airborne Surveillance System to a European country. Deliveries under the contract will be made over a two – year period.

Yitzchak Gat, CEO of Elisra said: “The Elisra system was selected after a long, in-depth evaluation process.” He added: “The selection of Elisra’s solution is another testament to the company’s technological leadership in the field, and we hope that the current award will be followed by additional contracts in the future.”

About Elisra

The Elisra Electronic Systems Group comprises Elisra Electronic Systems Ltd., Tadiran Electronic Systems Ltd. and Tadiran Spectralink Ltd. The Group designs, develops, manufactures, integrates and supports advanced system solutions for air, sea and land deployment in numerous countries. The Group’s main products include: new generation complete, integrated self-protection suites, including passive IR missile warning, for fighter aircraft, helicopters, transport aircraft and multi-purpose aircraft; EW payloads with radar warning receivers; laser warning systems; passive IR missile warning systems; chaff and flare dispensing systems; COMJAM/ESM/ELINT; integrated EW systems with C4I; COMINT DF/ ELINT/ECM; full C4I solutions including all battlefield command chains via IP technology and battlefield management and control; theater missile defense including test bed; artillery C4I; advanced search and rescue systems; and data links for UAVs and guided weapons.

The Elisra Group is a 70% subsidiary of Elbit Systems Ltd.

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 Company, which includes Elbit Systems 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 Company also focuses on the upgrading of existing military platforms and developing new technologies for defense, homeland security and commercial aviation applications.

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