Elbit Systems Acquires EORD

Elbit Systems Acquires Electro Optic Research and Development Company Ltd.

Press Release

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Haifa, Israel, June 30, 2008 - Elbit Systems Ltd. (NASDAQ:ESLT) announced the acquisition of all of the shares of Electro Optic Research and Development Company Ltd. ("EORD") from their former shareholders, Technion Research & Development Foundation Ltd. and Bynet Electronics Ltd., for a purchase price amount not material to Elbit Systems.

EORD is an Israeli company, engaged in research and development of acoustic and seismic sensors and systems for military and security applications.

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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.

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