Elbit Systems — Regulatory Filings 2006

Feb 6, 2006

ELBIT SYSTEMS Ltd.

ELBIT SYSTEMS' SUBSIDIARY ORTEK COMPLETES INSTALLATION OF ITS FIRST PERIPHERAL COASTAL SECURITY SYSTEM

Haifa, Israel, February 6, 2006 – Ortek Ltd., a subsidiary of Elbit Systems Ltd. (NASDAQ: ESLT), completed deployment of its first Peripheral Coastal Security system for a customer in Asia. Ortek's contract for the project is estimated at approximately $8 million. The deployment of the system is the first stage of the project, which also includes deployment of Peripheral Coastal Security systems at additional locations in the customer's country.

The Coastal Security system is remote controlled and allows its operators to automatically track a large number of vessels simultaneously, for dozens of miles, using its identification capabilities to send alerts regarding any type of threat those vessels may pose. Ortek's Coastal Security system is based on Elbit Systems' multi-layered capabilities as well as on advanced night vision sensors, daylight surveillance and laser rangefinders developed by Elbit Systems Electro-Optics ELOP Ltd. The system's surveillance, monitoring and control capabilities allow processing of online data received simultaneously from numerous surveillance pods. The integration and data analysis received from EO sensors in the control room enables a rapid alert and a suitable response to any type of port threat.

Eli Venezia, Managing Director, Ortek said: "Our Coastal Security system is unique in its ability to provide the customer with a comprehensive solution to meet the specific needs of defense against terrorist threats. There is an increasing global demand for these types of systems, and we are already involved in the integration of similar systems for customers in Europe and other worldwide locations. We hope that the unique technological solution Ortek provides for this project and the timely deployment of the system will enable us to secure additional coastal security projects."

Ortek Ltd. is the homeland security house of the Elbit Systems Group. Ortek integrates in its comprehensive solutions the range of existing capabilities of the Group, including products, comprehensive concepts, extensive experience and involvement in major projects both in Israel and abroad. Ortek develops and manufactures cutting edge electro-optical systems for surveillance and tracking, optical fiber technology for security, video communication, supervision and control systems as well as image processing and smart systems for electronic

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Elbit Systems Ltd.

fences. These abilities allow Ortek to offer its customers comprehensive solutions for peripheral defense of land and sea borders as well as security of strategic facilities. Approximately 60% of Ortek's sales are to international customers.

Among Ortek's many projects of peripheral defense in Israel are: defense systems for Israel's land and sea borders, peripheral security systems of air force bases, major sections of the border security fence, Jerusalem's detour route and others.

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.

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 pacholder@elbit.co.il

IR Contacts Ehud Helft/Kenny Green

GK International Tel: 1-866-704-6710 Fax: 972-3-607-4711 ehud@gk-biz.com kenny@gk-biz.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.