Elbit Systems — Declaration of Voting Results & Voting Rights Announcements 2008

Mar 24, 2008

Elbit Systems Announces the Results of its Extraordinary General Meeting of Shareholders Held on March 23, 2008

Haifa, Israel, March 24, 2008 - Elbit Systems Ltd. (NASDAQ : ESLT) (the "Company") announced today that at its Extraordinary General Meeting of Shareholders (the "Meeting") held on March 23, 2008 at the Company's offices in Haifa, the proposed resolutions described in the Proxy Statement to the Shareholders dated February 13, 2008, (the "Proxy") and detailed hereunder, were approved by the required majority:

1. to amend the Company's Articles of Association as reflected in Annex A to the Proxy;

2. to re-elect Nathan Sharony as an External Director of the Company for an additional three-year term or until the shareholder's annual general meeting to be held in 2010, whichever occurs first.

3. commencing April 1, 2008 to pay to the Company's External Directors and other directors meeting the Nasdaq director independence criteria, compensation fees as described in the Proxy.

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.

HAIFA P.O.B 539 ISRAEL 31053 TEL. 972-4-8315315 FAX. 972-48550002 KARMIEL P.O.B 650 ISRAEL 20101 TEL. 972-4-9901111 FAX. 972-49986522

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

IR Contact:

Ehud Helft / Kenny Green

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

THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS (WITHIN THE EMANING OF SECTION 27A OF THE SECURITIES ACT OF 1933, AS AMENDED AND SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED REGARDING ELBIT SYSTEMS LTD. AND/OR ITS SUBSIDIARIES (COLLECTIVELY THE COMPANY), TO THE EXTENT SUCH STATEMENT DO NOT RELATE TO HISTORICAL OR CURRENT FACT. FORWARD LOOKING STATEMENTS ARE BASED ON MANAGEMENT'S EXPECTATIONS, ESTIMATES, PROJECTIONS AND ASSUMPTIONS. FORWARD LOOKING STATEMENTS ARE MADE PURSUANT TO THE SAFE HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995, AS AMENDED. THESE STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND INVOLVE CERTAIN RISKS AND UNCERTAINTIES, WHICH ARE DIFICULT TO PREDICT. THEREFOR, ACTUAL FUTURE RESULTS, PERFORMANCE AND TRENDS MAY DIFFER MATERIALLY FROM THESE FORWARD-LOOKING STATEMENTS DUE TO A VARIETY OF FACTORS, INCLUDING, WITHOUT LIMITATION: SCOPEAND LENGTH OF CUSTOMER CONTRACTS; GOVERNMENTAL REGULATIONS AND APPROVALS; CHANGES IN GOVERNMENTAL BUDGETING PRIORITIES; GENERAL MARKET, POLITICAL AND ECONOMIC CONDITIONS IN THE COUNTRIES IN WHICH THE COMPANY OPERATES OR SELLS, INCLUDING ISRAEL AND THE UNITED STATES AMONG OTHERS; DIFFERENCES IN ANTICIPATED AND ACTUAL PROGRAM PERFORMANCE, INCLUDING THE ABILITY TO PERFORM UNDER LONGTERM FIXED-PRICE CONTRACTS; AND THE OUTCOME OF LEGAL AND/OR REGULATORY PROCEEDINGS. THE FACTORS LISTED ABOVE ARE NOT ALL-INCLUSIVE, AND FURTHER INFORMATION IS CONTAINED IN ELBIT SYSTEMS LTD.'S LATEST ANNUAL REPORT ON FORM 20-F, WHICH IS ON THE FILE WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION. ALL FORWARD-LOOKING STATEMENTS SPEAK ONLY AS OF THE DATE OF THIS RELEASE. THE COMPANY DOES NOT UNDERTAKE TO UPDATE ITS FORWARD-LOOKING STATEMENTS.

.

.

HAIFA P.O.B 539 ISRAEL 31053 TEL. 972-4-8315315 FAX. 972-48550002 KARMIEL P.O.B 650 ISRAEL 20101 TEL. 972-4-9901111 FAX. 972-49986522

HAIFA P.O.B 539 ISRAEL 31053 TEL. 972-4-8315315 FAX. 972-48550002 KARMIEL P.O.B 650 ISRAEL 20101 TEL. 972-4-9901111 FAX. 972-49986522