from the May 2008 issue

Elbit $1.1b. Systems in F-16 deal

Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) unit Electro-Optics Elop Ltd. has won a multi-year contract from Lockheed Martin Aeronautics Company to supply new generation Head-Up Displays (HUDs) for the new F-16 aircraft. Deliveries will begin immediately, with a first $3.8 million order. The full potential value of the master purchase order depends on future F-16 sales.

Elbit Systems added that the project is a continuation of ongoing cooperation with the Lockheed Martin Corporation (NYSE: LMT) unit for HUDs for F-16s. Elop has supplied more than 3,300 HUDs, in thirteen different models, used on more than 20 aircraft types, to customers around the world.

Reprinted from the Israel High-Tech & Investment Report May 2008

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