Elbit Systems — Capital/Financing Update 2007

Jun 18, 2007

ELBI SYSTEMS Ltd.

Elbit Systems Will Supply Two NATO Members Countries With Aviator's Night Vision Imaging System/Head-Up Displays

Contracts valued at approximately $14 million

Haifa, Israel, June 18 2007 – Elbit Systems Ltd. (NASDAQ: ESLT) announced that it has been awarded two contracts, in a total amount of approximately $14 million to supply Aviator's Night Vision Imaging System/Head-Up Displays (ANVIS/HUD™) for helicopters of two NATO member countries.

The ANVIS/HUD™ system employs cutting edge technologies to provide the most advanced system of its kind, offering a 24/7 significant increase in situational awareness and safety by allowing the pilot to fly “head out of the cockpit” during night operations and projecting critical flight information into the night vision goggles’ view. This system has been in operational use by U.S. Army, U.S. Navy / U.S. Marine Corps and U.S. Air Force rotary wing pilots since the mid-1990’s and is installed on numerous utility and special operations helicopter fleet platforms, including the UH-60, CH-53 CH-47, CH-46, AH-1, UH-1, V-22, Super Puma, Cougar and others. The Elbit Systems Group has equipped more than 5,000 helicopters, for more than 20 countries, with ANVIS/HUD™ systems.

Yoram Shmuely, Corporate Vice President and General Manager of Elbit Systems' Airborne and Helmet Systems Division said: “The selection of our systems for this project attests to Elbit Systems’ leadership in the field of helmet and heads-Up display systems. The ANVIS/HUD™ system was developed to fully comply with NATO and U.S. military requirements allowing NATO pilots to safely and effectively execute their various missions in both day and night conditions.”

Up to date, Elbit Systems delivered over 5,000 ANVIS/HUD™ systems to over 20 countries worldwide.

The JSF (F-35), considered the most advanced tactical fighter jet of its kind, is equipped with Elbit Systems' US subsidiary – VSI's helmet system. In recent weeks, the aircraft's manufacturers, Lockheed Martin, conducted a number of successful test flights using this helmet system.

---

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 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"), advanced electro-optic and space technologies, EW suites, airborne warning systems, ELINT systems, data links and military communications systems and equipment. The Group also focuses on the upgrading of existing military platforms and developing new technologies for defense and homeland security applications.

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 gspr@elbit.co.il E-mail: daliarosen@elbit.co.il

IR Contact:

Ehud Helft / Kenny Green G.K. Investor Relations Tel: 1-646-201-9246 Fax: +972-3-607-4711 info@gkir.com E-mail:

STATEMENTS IN THIS PRESS RELEASE WHICH ARE NOT HISTORICAL DATA ARE FORWARD-LOOKING STATEMENTS WHICH INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES OR OTHER FACTORS NOT UNDER THE COMPANY'S CONTROL, WHICH MAY CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE OR OTHER EXPECTATIONS IMPLIED BY THESE FORWARD-LOOKING STATEMENTS. THESE FACTORS INCLUDE, BUT ARE NOT LIMITED TO, THOSE DETAILED IN THE COMPANY'S PERIODIC FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION.