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Israel Aerospace Industries Ltd.

Israel Aerospace Industries will present the Conformal Airborne Early Warning & Control (CAEW) Aircraft at the Farnborough Air Show

Jul 8, 2008

IAI's President & CEO, Itzhak Nissan: "The CAEW Program is an outstanding achievement that positions IAI as a world leader in the Airborne Early Warning and Control aircraft market"

Israel Aerospace Industries (IAI)/ELTA's Conformal Airborne Early Warning & Control (CAEW) Aircraft will be having its first public appearance at the 2008 Farnborough Air Show (July 14-20, 2008).

The first CAEW aircraft, installed onboard a modified Gulfstream G550 business jet, was delivered last February to the Israel Air Force and serves a variety of missions including Early Warning, Intelligence Gathering and Air Combat Command and Control. The second CAEW Aircraft was delivered in May 2008, after completing Mission Systems installation and comprehensive testing.

ELTA Systems Ltd, an Israel Aerospace Industries Ltd. (IAI) Group and wholly owned subsidiary, is the prime contractor, system developer and system integrator of the G550 CAEW Program for the Israel Ministry of Defense (IMOD).

Itzhak Nissan, President and CEO of IAI, said: "Special Mission Aircraft programs are one of the key business lines of IAI. The CAEW Program is an outstanding achievement that positions IAI as a world leader in the Airborne Early Warning and Control aircraft market."

The G550 CAEW is the 3rd generation of Airborne Early Warning and Control (AEW&C) Systems developed by ELTA since the mid-80s. ELTA is a world frontrunner in AEW&C technology and an international pioneer in the development and deployment of AEW&C utilizing state-of-the-art Active Electronically Steered Array (AESA) technology.

Nissim Hadas, IAI's Corporate Vice President and President of ELTA Systems noted: "We are very satisfied with the feedback we receive from the Israel Air Force. The CAEW Systems are operated intensively and are demonstrating outstanding performance in the operational environment."

The G550 CAEW long-endurance, high-altitude platform carries conformal dual-band AESA Radar & IFF (Identification Friend or Foe), ESM (Electronic Support Measures) and an integrated SPS (Self-Protection System). The G550 CAEW includes a comprehensive Communication Suite designed for Network Centric Operations (NCO) which ensures interoperability in any theater.

The G550 CAEW is the second phase of an Israel Air Force (IAF) strategic plan to replace its old fleet of Special Mission Aircraft with a new cost effective fleet of G550. The first phase was the Special Electronic Mission Aircraft (SEMA), three of which have entered operational service in the IAF since 2006. The SEMA is demonstrating outstanding performance in providing a real time picture of the Electronic Order of Battle (EOB). The planned third phase is an advanced Air to Ground Mission Aircraft.

Israel Aerospace Industries Ltd. is a recognized leader in the aerospace and defense industry and Israel’s largest industrial exporter. ELTA Systems Ltd., a group and wholly owned subsidiary of IAI, is one of Israel's leading defense electronics companies and a leader in Intelligence, Surveillance, Target Acquisition and Reconnaissance (ISTAR), Early Warning Command and Control, Home-Land Security (HLS), Self-Protection and Self-Defense, and Fire Control applications.

For further information, please contact:

Doron Suslik
Deputy Corporate Vice President for Communications
Tel: 972 (3) 935-8509
Fax: 972 (3) 935-8512
Email: hpaz@iai.co.il



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