Elbit Systems Shareholders Approve the Agreements Related to the Purchase of Elisra and Tadiran Communications Shares From Koor

Elbit Systems Shareholders Approve the Agreements Related to the Purchase of Elisra and Tadiran Communications Shares From Koor

HAIFA, Israel, August 24/PRNewswire-FirstCall/ -- Elbit Systems Ltd. (the "Company") (Nasdaq NM: ESLT) announced
that at its Extraordinary General Meeting of Shareholders held on August 23,
2005 at the Company's offices in Haifa, the proposed resolution described in
the Proxy Statement to Shareholders dated August 2, 2005, was approved by the
required majority.

The resolution approved at the meeting was the approval and
ratification of the agreements entered into by the Company on July 6, 2005
regarding the purchase from Koor Industries Ltd. ("Koor") of its ordinary
shares in Elisra Electronic Systems Ltd. ("Elisra"). Also approved was the
ratification of the amendment agreement entered into on July 6, 2005 by the
Company and Koor, relating to the amended share transfer and amended
shareholder agreement, amending the original agreements entered into on
December 27, 2004 regarding the Company's purchase of Koor's ordinary shares
in Tadiran Communications Ltd. ("Tadiran").

This approval by the Company's shareholders of the agreements
relating to the purchase of the Elisra and Tadiran shares is one of the
conditions required for the completion of the transaction relating to the
purchase of the Elisra and Tadiran shares. The transaction had previously
been approved by the Company's Audit Committee and Board of Directors. The
parties are in the process of obtaining the remaining required approvals to
complete the transaction.

About Elbit Systems

Elbit Systems Ltd. is an international defense electronics
company engaged in a wide range of defense-related programs throughout the
world, in the areas of aerospace, land and naval systems, command, control,
communications, computers, intelligence, surveillance and reconnaissance
("C4ISR"), advanced electro-optic and space technologies. The Company focuses
on the upgrading of existing military platforms and developing new
technologies for defense and homeland security applications.

For more about Elbit Systems, please visit our website at
www.elbitsystems.com

Contacts
Company contact
Ilan Pacholder, Corporate Secretary and VP Finance & Capital Markets
Elbit Systems Ltd.
Tel: +972-4-831-6632
Fax: +972-4-831-6659
acholder@elbit.co.ilp

IR Contacts
Ehud Helft/Kenny Green
GK International
Tel: +1-866-704-6710
Fax: +972-3-607-4711
ehud@gk-biz.com
kenny@gk-biz.com

STATEMENTS IN THIS PRESS RELEASE WHICH ARE NOT HISTORICAL DATA
ARE FORWARD-LOOKING STATEMENTS WHICH INVOLVE KNOWN AND UNKNOWN RISKS,
UNCERTAINTIES OR OTHER FACTORS NOT UNDER THE COMPANY'S CONTROL, WHICH MAY
CAUSE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE
MATERIALLY DIFFERENT FROM THE RESULTS, PERFORMANCE OR OTHER EXPECTATIONS
IMPLIED BY THESE FORWARD-LOOKING STATEMENTS. THESE FACTORS INCLUDE, BUT ARE
NOT LIMITED TO, THOSE DETAILED IN THE COMPANY'S PERIODIC FILINGS WITH THE
SECURITIES AND EXCHANGE COMMISSION.

Source: Elbit Systems Ltd.

Contacts: Company contact, Ilan Pacholder, Corporate Secretary and VP Finance & Capital Markets, Elbit Systems Ltd., Tel: +972-4-831-6632, Fax: +972-4-831-6659, acholder@elbit.co.ilp . IR Contacts, Ehud Helft/Kenny Green, GK International, Tel: +1-866-704-6710, Fax: +972-3-607-4711, ehud@gk-biz.com, kenny@gk-biz.com

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