Haifa, Israel, January 17, 2023 – Elbit Systems Ltd. (NASDAQ: ESLT, TASE: ESLT) ("Elbit
Systems" or the "Company") announced today that it signed a contract in an amount of
approximately $95 million with the Israeli Ministry of Defense (IMoD) to supply and maintain
advanced electro-optical systems for the Israeli Defense Forces (IDF) infantry forces. The
contract will be performed over a period of 10 years.

As part of the contract, Elbit Systems will supply long-range deployable observation systems
and tactical target acquisition systems. In addition, the contract includes maintenance services
for the electro-optical systems produced by the Company.

Oren Sabag, General Manager of Elbit Systems ISTAR & EW: "Our tactical electo-optical
systems improve force protection, accuracy and the quick closing of the sensor-to-shooter loop.
This contract, which also includes long-term warranty and maintenance services, will
significantly increase the upkeep and readiness of our systems in the field."