Elbit : KMW and Elbit Systems Sign Rocket Artillery Cooperation Agreement

Krauss-Maffei Wegmann (KMW), Elbit Systems Land and Elbit Systems Deutschland, have signed a strategic cooperation Memorandum of Understanding (MOU) in the area of rocket artillery.

This cooperation will address the growing European interest in Multiple Launch Rocket System (MLRS) capabilities. As part of the MOU, Elbit Systems will provide an advanced portfolio of MLRS capabilities, from practice ammunition to long-range rockets.

Yehuda (Udi) Vered, General Manager of Elbit Systems Land, commented: "We're pleased to be working with KMW in the area of rocket artillery. I believe that this collaboration is both synergetic, considering the leading expertise of the companies involved, and timely due to the growing demand for long-range precision fire capabilities."

Ralf Ketzel, Chairman of the KMW Management Board, said: "I very much welcome the cooperation with Elbit Systems. With this partnership we underline the potential of our MLRS. The associated capability enhancements make this artillery rocket system one of the most modern worldwide."

Elbit Rocket Artillery MLRS

Elbit Systems Land offers a comprehensive portfolio of land-based platforms and ammunition solutions. From armored fighting vehicles to complete combat vehicle modernization, integrative platforms, airborne, artillery and mortar munition systems and ammunition and diverse protection kits, our customizable solutions are designed to provide enhanced survivability, operational effectiveness and maneuvering capabilities. Elbit Systems Land has decades of experience in the design, development and manufacture of a wide range of advanced, accurate and fast response artillery rocket and missile weapon systems. Flagship products include the PULSTM, a precise and universal launching system delivering next generation fire support, and an array of precise rockets and missiles for ranges of 40km (Accular), 150km (EXTRA) and 300km (Predator Hawk).

Elbit Systems Deutschland is a leading system provider of sensor technology, radio communication, guidance systems, Electronic Warfare systems, unmanned systems and cyber security. Elbit Systems Deutschland product portfolio, from development to production and support in the field, meets the current and future requirements of the German Armed Forces and German security authorities. The company operates in Ulm, Koblenz and Berlin. More information is available at www.elbitsystems-de.com.

Krauss-Maffei Wegmann, a member of the German-French defense technology group KNDS, leads the European market for highly protected wheeled and tracked vehicles. At locations in Germany, Brazil, Greece, Hungary, Singapore, the United Kingdom and the USA more than 4.000 employees develop, manufacture and support a product portfolio ranging from air-transportable, highly protected wheeled vehicles through reconnaissance, anti-aircraft and artillery systems to main battle tanks, infantry fighting vehicles* and bridge-laying systems. In addition, KMW has wide-ranging system competence in the area of civil and military simulation, as well as in command and information systems and remote-controlled weapon stations with reconnaissance and observation equipment. The armed forces of more than 50 nations worldwide rely on tactical systems by KMW.

*Joint Venture with national and international partners.

Unless otherwise indicated, all products are registered trademarks of Krauss-Maffei Wegmann GmbH & Co. KG

David Vaaknin, VP, Brand & Corporate Communications

Tel: [phone]

[e-mail]

This press release may contain forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management's current expectations, estimates, projections and assumptions about future events. 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, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company's future financial results, its anticipated growth strategies and anticipated trends in its business. 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; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; 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. Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements.

Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this Press Release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies. All other brand, product, service and process names appearing are the trademarks of their respective holders. Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.