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Elbit Systems Board/Management Information 2004

Jul 28, 2004

6762_rns_2004-07-28_1693c098-b522-4a58-a881-1b7983ec3b5a.pdf

Board/Management Information

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Elbit Systems Ltd.

Doron Birger and Avi Fisher

Resign from Elbit Systems’ Board of Directors

Haifa, July 28, 2004 – Elbit Systems Ltd. (NASDAQ:ESLT) (the “Company”) today reported that Mr. Doron Birger and Mr. Avi Fisher submitted their resignations from the Company’s Board of Directors. The resignations were submitted following the completion of the sale of all of Elron Electronic Industries Ltd.’s (NASDAQ ELRN) (“Elron”) holdings in the Company to Federmann Enterprises Ltd.

The Company and its Board of Directors express their appreciation to Messrs. Birger and Fisher for their contribution to the Company during their service on the Board of Directors.

About Elbit Systems

Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of defense-related programs throughout the world, in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence, surveillance and reconnaissance (“C4ISR”), advanced electro-optic and space technologies. The Company focuses on the upgrading of existing military platforms and developing new technologies for defense and homeland security applications.

For more about Elbit Systems, please visit our website at www.elbitsystems.com

Contacts

Company contact Ilan Pacholder, Corporate Secretary and VP Finance & Capital Markets Elbit Systems Ltd Tel: 972-4 831-6632 Fax: 972-4 831-6659 [email protected]

IR Contacts Ehud Helft/Kenny Green Gelbart Kahana Tel: 1-866-704-6710 Fax: 972-3-607-4711 [email protected] [email protected]

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.