Haifa, Israel, April 9 - Elbit Systems Ltd. (NASDAQ:ESLT) announced that its subsidiary
Elbit Systems Electro-Optics Elop Ltd. was selected by Lockheed Martin Aero nautics .to
supply new generation Head Up Displays (HUDs) for the new F-16 aircraft.
The multi-year project, which will commence immediately, is a continuation of ongoing
cooperation between the two companies in the area of HUDs for F-16 aircraft.
An initial order valued at approximately $3.8 million has been placed. The full potential
value of the master purchase order is dependent on the level of future F-16 sales.
According to Elbit Systems Electro-Optics Elop General Manager, Haim Rousso:
"This framework agreement strengthens Elop's important cooperation with Lockheed
Martin. High performance, high reliability and cost effectiveness are the main elements
of our unique HUD solutions for the F -16 and other programs."
Elop has supplied more than 3,300 HUDs, representing thirteen different models, flying
on more than 20 aircraft types, to customers around the world.
About Elbit Systems Electro-Optics Elop Ltd.
Elbit Systems Electro-Optics Elop Ltd. ("Elop"), a subsidiary of Elbit Systems Ltd., is a globally
recognized multidisciplinary electro-optics systems house – incorporating the full range of
related technology and facilities under one roof. Elop provides advanced and affordable
solutions in the fields of Observation and Surveillance Payloads, Lasers, Thermal Imaging,
Space and Airborne IMINT, Electro-Optic Countermeasures, Head-Up Displays, Integrated
Sights and Robotic Systems for Ground Forces and Homeland Defense. Built on more than 70
years of experience and a high level of vertical integration, Elop offers a diverse range of
market-leading products and systems for military, homeland security and commercial
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
Joseph Gaspar, Corporate VP & CFO
Dalia Rosen, Director of Corporate Communications
Elbit Systems Ltd
Ehud Helft / Kenny Green
G.K. Investor Relations
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.