HAIFA, Israel, July 24 /EMWNews/ -- Elbit Systems Ltd.

(NASDAQ: ESLT) (the "Company") announced, further to the Company's

announcement on July 4, 2007, that on July 22, 2008 the United States

District Court for the Southern District of New York issued an order

dismissing, on grounds of forum non conveniens, the claim filed last year

by certain minority shareholders of ImageSat International N.V.

("ImageSat"). The claim had been filed against certain of ImageSat's

shareholders including the Company and against certain current and former

officers and directors of ImageSat, including among others Michael

Federmann, Joseph Ackerman and Joseph Gaspar, the Company's Chairman, Chief

Executive Officer and Chief Financial Officer, respectively. As a result of

the court's order, should the plaintiffs decide to continue to pursue the

claim they will need to either appeal the decision to the US appellate

court or attempt to file a claim before an Israeli court. The Company,

through one of its subsidiaries, holds a minority position in ImageSat.



    

    About Elbit Systems



    Elbit Systems Ltd. is an international defense electronics company

engaged in a wide range of defense-related 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 air vehicle (UAV) systems, 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 and

developing new technologies for defense, homeland security and commercial

aviation applications.



    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:                                IR Contact:

    Joseph Gaspar, Executive VP & CFO               Ehud Helft / Kenny Green

    Dalia Rosen, Head of Corporate Communications

    Elbit Systems Ltd                               G.K. Investor Relations

    Tel: +972-4-8316663                             Tel: +1-646-201-9246

    Fax: +972-4-8316944                             E-mail: [email protected]

    E-mail: [email protected]

    [email protected]