Elbit Systems Subsidiary Elisra awarded $55 million Lockheed Martin contract to Supply Electronic Warfare Equipment for Canadian Navy Frigate Upgrade Program , May 09

Israel, May 11, 2009 – Elbit Systems Ltd. (NASDAQ:ESLT) announced today that its subsidiary, Elisra Electronic Systems Ltd. (Elisra), was awarded a contract by Lockheed Martin Canada Ltd valued at approximately $55 million to supply  Electronic Warfare (EW) equipment for the Canadian Navy’s Halifax Frigate Modernization program. Elisra's systems were selected after meeting the strict standards and challenges required by the customer.

Elisra will supply the equipment as part of a large scale Canadian Navy project awarded to Lockheed Martin Canada [NYSE: LMT] for the upgrade of twelve Halifax Class Frigates. The upgrade project, valued at over C$2 billion, includes implementation, integration and support of new command & control systems, radar, data link systems and EW.

Elisra CEO, Itzhak Gat, said he takes great pride in the decision of Lockheed Martin Canada to select Elisra over others in industry. Gat noted that Elisra has had a longstanding relationship with Lockheed Martin Canada, based on professional cooperation and trust, as well as the use of advanced domestic technology. Gat further added that he expects that the introduction of the new systems will bring about future contracts in the EW field worldwide.

Elisra will meet its Industrial Benefits requirements as mandated by Industry Canada through the execution of a separate Technology Transfer and Manufacturing License Agreement with Lockheed Martin Canada.  At its facility in Kanata, Ontario, Lockheed Martin will manufacture the Electronic Support Measures component and provide the follow-on in-service support. 

About Elisra:

Elisra, a world leader for over 4 decades in the field of Electronic and Information Warfare as well as Intelligence and C3 systems has been the source of these solutions deployed in modern defense forces of over 40 countries world wide.The company develops, designs, manufactures, integrates and supports advanced EW, Intelligence (RF and IR based technologies) and Communication solutions, for air, sea and land applications.

Elisra,  70% owned by Elbit Systems Ltd., and 30% by Elta Systems Ltd. (an IAI  subsidiary), comprises of Elisra Electronic Systems, Tadiran Electronic Systems and Tadiran Spectralink.

For further information contact:
Elinor Behar
Press Relations
Tel: +972-3-5706527
Fax: +972-3-5706526
E-mail: elinor@oreet-marcom.com