Elbit Systems to Establish a Mission Training Center for Fighter Pilots of a Latin American Air Force

Contract, valued at $18.5 million, to be performed during 2014

Haifa, Israel, September 23, 2012 –Elbit Systems Ltd. (NASDAQ and TASE:ESLT) ("Elbit Systems") announced today that it was awarded a contract valued at $18.5 million for the establishment of a Mission Training Center (MTC) for fighter aircraft of a Latin American Air Force. The establishment of the MTC will be performed during 2014.

The MTC is designed to improve the operational training of pilots by training in various mission scenarios, in varying war zones and in the relevant threat environment of each war zone - a cutting-edge training capability which has not been available to Air Forces in the past. The high quality of operational training achieved by the MTC will enable the customer to operate some of the training sorties onboard the trainers instead of fighter jets, thus allowing optimal use of existing resources.

This new contract marks another milestone in Elbit Systems’ mission training activities  and follows the establishment of the MTC for the Israeli Ministry of Defense (IMOD) for the F-16 and F-15 fighter aircraft.

Elbit Systems Aerospace Division's Co-General Manager, Yoram Shmuely, commented: "We are proud of the customer's decision to select our breakthrough solution, marking a significant milestone in our mission training activities. This selection attests to the trust in  Elbit Systems' solutions, combining both a technological edge and the understanding of the customer's unique needs, and further strengthens our position as world leaders in the field of advanced tactical training".

The MTC is a unique system that enables joint-training between the various trainees, both within the Air Force and at an interoperable level. The Air Force teams will be able to train in formations of pairs and foursomes, and the system will also enable integration with other training systems. In addition, the system will allow joint-training of various mission scenarios, even if the different trainers are situated in geographically distant locations.