Elbit's US Subsidiary Receives $7.5 Million Navy Contract

Haifa, Israel, May 9, 2016 – Elbit Systems Ltd. (NASDAQ and TASE: ESLT) ("Elbit Systems") announced today that Elbit Systems of America’s subsidiary, M7 Aerospace LLC (“M7”), was awarded a $7.5 million Firm, Fixed Price contract by the U.S. Navy to perform modifications on United States Naval Test Pilot School’s (“USNTPS”) C-26 aircraft. Upgrades will be completed by September 2016 in San Antonio, Texas.

Elbit Systems of America, the Type Certificate holder for the C-26, was selected to install an Intelligence, Surveillance and Reconnaissance (ISR) upgrade and a Finmeccanica, Vixen 500E AESA radar on the Navy’s C-26 aircraft.

USNTPS trains experienced pilots, Naval Flight Officers (NFOs) and engineers to become qualified test pilots, test flight officers and flight test engineers that support test and evaluation programs. Graduates of the school must meet the test and evaluation requirements of the U.S. Navy and various other Research, Development, Test, and Evaluation (RDT&E) activities in all U. S. military services, other U.S. Government agencies, civilian industry and many other nations.