June 27, 2011 – Elbit Systems of America, LLC, a wholly-owned subsidiary of Elbit Systems Ltd., has announced that its Board of Directors has elected General (USMC Ret.) Robert Magnus as Chairman effective on March 30, 2011.

General Magnus succeeds Joseph A. Parini, who has served as Elbit Systems of America’s Chairman of the Board since its establishment. Mr. Parini led the Board of Director’s through periods of significant expansion and growth, while establishing and maintaining an exceptional reputation for supporting and contributing to U.S. national security interests. Mr. Parini will remain a member of the Board of Directors and has assumed the role of Vice Chairman.  The Board of Directors express their deep appreciation to Mr. Parini for the outstanding service as Chairman over the past 20 years.

The new Chairman, General Magnus, retired from active service in the United States Marine Corps in 2008 as the 30th USMC Assistant Commandant after more than 39 years of distinguished service.  General Magnus joined the Elbit Systems of America Board of Directors in 2009.  He currently serves as the Chairman for the Marine Corps Scholarship Foundation and is a member of the Board of Trustees for his Center for Naval Analyses.

Elbit Systems of America, President and CEO, Raanan Horowitz, commented, “We are very grateful for Mr. Parini’s contribution to Elbit Systems of America, especially for his personal dedication to the growth and well being of our company and our people. We are pleased that the Board has elected General Magnus to succeed Joe as its Chairman. I am confident his leadership and thorough understanding of our mission and needs will have a significant impact on our organization as we move to the next phase of our growth. Gen. Magnus brings to this position a wealth of knowledge, experience and success that will help drive our business for years to come.”

About Elbit Systems of America, LLC
Elbit Systems of America is a leading provider of high performance products and system solutions focusing on the commercial aviation, defense, homeland security, and medical instrumentation markets.  With facilities throughout the United States, Elbit Systems of America is dedicated to supporting those who contribute daily to the safety and security of the United States.  Elbit Systems of America, LLC is wholly owned by Elbit Systems Ltd. (NASDAQ and TASE: ESLT), a global electronics company engaged in a wide range of programs for innovative defense and commercial applications.

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: www.elbitsystems.com.