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Elbit Systems’ Subsidiary Files an Approximately $74 Million Lawsuit for Damages and Expenses in Connection With the Cancellation of Export Licenses for Project of a Foreign Customer

November 8, 2012

HAIFA, Israel, November 8, 2012 /PRNewswire/ –

Elbit Systems Ltd. (NASDAQ and TASE:ESLT) (“Elbit Systems”) announced today, further
to its announcements of December 22, 2011 and February 12, 2012, that its subsidiary,
Elbit Systems Electro-Optics – Elop Ltd., was compelled to file a lawsuit against the
Government of Israel, for damages and expenses caused in connection with the cancellation
of export licenses for a project of a foreign customer.

This followed the unsuccessful efforts to reach an appropriate compensatory settlement
with the Government. The approximately $74 million lawsuit was filed with the District
Court of the Central Region.

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: http://www.elbitsystems.com.

This press release contains forward-looking 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 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;
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.

        Contacts:

        Company Contact:

        Joseph Gaspar, Executive VP & CFO
        Tel: +972-4-8316663
        j.gaspar@elbitsystems.com

        Dalia Rosen, VP, Head of Corporate Communications
        Tel: +972-4-8316784
        dalia.rosen@elbitsystems.com
        Elbit Systems Ltd.

        IR Contact:
        Ehud Helft
        Kenny Green
        CCG Investor Relations
        Tel: +1-646-201-9246
        elbitsystems@ccgisrael.com

SOURCE Elbit Systems Ltd


Source: PR Newswire