Elbit Systems — Regulatory Filings 2004

Feb 10, 2004

אפיפ

10.2.04

לכבוד רשות ניירות ערך כנפי נשרים 22 ירושלים

א.ג.נ.,

הנדון: אלביט מערכות בע"מ ("החברה") – הודעה לעתונות

מצ"ב הודעה לעתונות (Press Release) שבכוונתנו לפרסם בארה"ב ולהגישה כדו"ח 6K לרשות ניירות ערך האמריקאית.

בכבוד רב,

אילן פכולדר מזכיר החברה

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Elbit Systems

Business News

Elbit Systems Subsidiary EFW Inc. Receives U.S. Air Force Contract for Production of CDEEU for F-16 aircraft

Contract Valued at $32.6 Million

Haifa, Israel, February 10, 2004 - Elbit Systems Ltd. (NASDAQ: ESLT), today announced that its wholly owned subsidiary, EFW Inc. of Fort Worth, Texas, has been awarded a $32.6 million firm fixed price contract by the U.S. Air Force's (USAF) Ogden Air Logistics Center to provide Common Data Entry Electronics Units (CDEEU), an electronics unit that acts as an interface between pilot entry and cockpits displays. A total of 694 will be procured in support of USAF requirements, and approximately another 609 in support of Foreign Military Sales requirements. This award is in support of the Improved Item Replacement Program applicable to the F-16 pre-block 40 aircraft.

The CDEEU was developed by EFW as part of USAF's Common Configuration Implementation Program for the F-16 C/D, under which Lockheed Martin is providing significant avionics improvements for the Block 40 and 50 F-16 aircraft.

Tim Taylor, President and CEO of EFW, commented on the award: "The CDEEU is a leading edge product based on advanced commercial technologies. It replaces obsolete equipment on the F-16 aircraft with an enhanced unit having extremely high reliability. This allows us to provide the USAF with an extended warranty that reduces the overall product life cycle cost. As a leader in development of advanced military avionics, EFW will continue to provide the USAF with unique solutions for its F-16 and other programs."

"The Elbit Systems Group continues to expand its operations in the US. EFW has over 1000 employees operating in six states, delivering annual revenues in excess of $300M," added Mr. Taylor.

About EFW

Based in Fort Worth, Texas, EFW Inc., a member of the Elbit Systems Group is an established defense electronics supplier specializing in sophisticated hardware and software solutions for upgrade, integration and sustainment programs. EFW provides systems for various weapon platforms for U.S. and allied military forces.

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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, ground and naval systems, command, control, communications, computers and intelligence (C4I), 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.

Contacts:

Ilan Pacholder, VP Finance Elbit Systems Ltd Tel: 972-4 831-6632 Fax: 972-4 831-6659 Pacholder@elbit.co.il

Marilena LaRosa The Anne McBride Company Tel: 212-983-1702 ext. 208 Fax: 212-983-1736 mlarosa@annemcbride.com

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.