Elbit : Emirates Awarded $53 Million Contract to Supply DIRCM and Airborne EW Self Protection Systems to the UAE

Haifa, Israel, January 3, 2022 -Elbit Systems Ltd. (NASDAQ: ESLT, TASE: ESLT) ("Elbit Systems" or the "Company") announced today that its subsidiary in the United Arab Emirates ("UAE"), Elbit Systems Emirates Limited ("Elbit Systems Emirates"), was awarded an approximately $53 million contract to supply Direct Infrared Countermeasures ("DIRCM") and airborne Electronic Warfare ("EW") systems for the Airbus A330 Multi-Role Tanker Transport aircraft of the UAE Air Force. The contract will be performed over a five-year period.

Under the contract, Elbit Systems Emirates will deliver a multi-turret configuration of the J-MUSIC™ Self-Protection System together with the Company's Infra-Red-based Passive Airborne Warning System, providing high levels of protection and redundancy. The Company's DIRCM systems have accumulated more than 350,000 operational flight hours to date, and are installed onboard more than 25 types of aircraft. The Company is witnessing a growing demand for this type of self-protection capabilities in light of the rising threat that aircraft face from shoulder fired anti-aircraft missiles.

Elbit Systems views the UAE as an important market and believes that this contract award further highlights the technological advantage and maturity of the solutions offered by the Company in this field.

Pilots from Multinational Multi-Role Tanker Transport Fleet checking out the Elbit Systems J-MUSIC DIRCM turret. Photo credit NSPA About Elbit Systems

Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial 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, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios, cyber-based systems and munitions. The Company also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems. For additional information, visit: https://elbitsystems.com/, follow us on Twitter or visit our official Facebook, Youtube and LinkedIn Channels.

Company Contact:

Joseph Gaspar, Executive VP & CFO
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Rami Myerson, Director, Investor Relations
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David Vaaknin, VP, Brand & Communications
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IR Contact:

Ehud Helft
Gavriel Frohwein
GK Investor Relations
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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.

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