Elbit Systems — Capital/Financing Update 2012

Jan 3, 2012

==> picture [163 x 82] intentionally omitted <==

Elbit Systems Awarded Approximately $50 Million Contract to Supply Hermes 900[®] UAS to a Governmental Office of a Country in the Americas

Haifa, Israel, 3 January, 2012 - Elbit Systems Ltd. (NASDAQ and TASE: ESLT , ("Elbit Systems") announced today that it was awarded a contract, valued at approximately $50 million, to supply Hermes 900[®] Unmanned Aircraft Systems (UAS) to a governmental office of a country in the Americas. The UAS will be operated in a variety of perimeter security missions. The project will be performed over approximately one year. The UAS will also include systems such as the Universal Ground Control Stations (UGCS), Elbit Systems Electro-Optics Elop's highly advanced DCoMPASS™ payload systems, as well as satellite communication systems.

The Hermes[®] 900 UAS builds on the vast operational experience accumulated by the Hermes[®] 450, the backbone of the Israel Defense Forces’ UAS operations. Hermes[®] 900 offers a range of enhanced capabilities, from higher flight altitude (up to 30,000 ft) to longer endurance and larger payload capacity. The system’s unique structure enables it to carry a variety of payloads in different shapes and sizes for quick "conversion" between payload configurations.

Elad Aharonson, General Manager – Elbit Systems UAS Division, commented: "We are very proud that yet another customer has selected the Hermes[®] 900, following orders by the Israeli Defense Forces and Chile". Aharonson added: "Hermes[®] 900 is establishing its position as a world-leading UAS for intelligence missions, as well as perimeter and security missions. An added value is the unique advantage of the common ground control station for both the Hermes[®] 900 and the Hermes[®] 450 array, allowing enhanced operational flexibility and cost effectiveness."

==> picture [163 x 82] intentionally omitted <==

About Elbit Systems

Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of 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 aircraft systems ("UAS"), 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, developing new technologies for defense, homeland security and commercial aviation applications and providing a range of support services. For additional information, visit: www.elbitsystems.com.

Contacts:

Company Contact: IR Contact: Joseph Gaspar , Executive VP & CFO Ehud Helft Tel: +972-4-8316663 Kenny Green j.gaspar@elbitsystems.com CCG Investor Relations Dalia Rosen , VP, Head of Corporate Communications Tel: 1-646-201-9246 Tel: +972-4-8316784 e-mail: elbitsystems@ccgisrael.com dalia.rosen@elbitsystems.com Elbit Systems Ltd.

This press release contains forward-looking statements (within the meaning 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 statements 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 difficult to predict. Therefore, actual future results, performance and trends may differ materially from these forward-looking statements due to a variety of factors, including, without limitation: scope and 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 long-term 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 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.