U-TacS, a Subsidiary of Elbit Systems and Thales, Awarded $70 Million Follow-on Order to Provide ISTAR Capability for UK Armed Forces

Oct 24, 2010, 06:45 ET from Elbit Systems

HAIFA, Israel, Oct. 24 /PRNewswire/ -- Elbit Systems Ltd. (Nasdaq and TASE: ESLT) announced  that its  UK  company with Thales UK - UAS Tactical Systems Ltd. (U-TacS) has been awarded by Thales UK a follow-on Urgent Operating Capability (UOR) contract worth approximately $70 million to provide an Intelligence, Surveillance, Target Acquisition and Reconnaissance (ISTAR) support capability for the UK Armed Forces. The contract will be performed over the next one and a half years.

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As was the case with the previous U-TacS UOR contracts, awarded in 2007 and 2009, this contract also includes the provision and support of Hermes® 450 UAS systems, as well as training for UK Ministry of Defence (MoD) staff in the use and maintenance of the system, and the provision of contractor logistic support (CLS) and program management services. This work will be managed by U-TacS located in Leicester, UK.

The President and CEO of Elbit Systems, Joseph Ackerman said: "Hermes® 450 continues to make a significant contribution to UK operations, under very demanding circumstances, achieving exceptionally high levels of operational availability".

U-TacS is held 51% by Elbit Systems with the balance being owned by Thales UK.

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.

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This press release contains forwardlooking 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 forwardlooking 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.

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