Elbit Systems | Note 6434

Elbit Systems acquired Instro Precision (through the purchase of Instro Precision's owner Azimuth Technologies) in May 2010.

"On May 11, 2010, the Company's subsidiary, Elbit Security Systems Ltd. ("Elsec"), completed the acquisition of the balance of shares (81%) in Azimuth Technologies Ltd. ("Azimuth")... Azimuth and its wholly-owned subsidiary, Instro Precision Ltd., a U.K. based company, specialize in the development of military systems that provide for improved target acquisition, fire coordination, navigation and orientation."

(Elbit Systems financial statement, 30.6.2010, p.8)

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