Elbit Systems Acquires OIP from Delft Instruments

HAIFA, Israel, July 1 -- Elbit Systems Ltd. announced today it has acquired Optronics Instruments & Products NV (OIP), based in Oudenaarde, Belgium, from Delft Instruments N.V. of the Netherlands, through Elbit's subsidiary, electro-optic systems developer Elop Electro-Optics Industries Ltd.

OIP makes electro-optical products, mainly for the defense and space markets. Elbit Systems said the acquisition provides enhanced access and support to its customers in Europe. Delft Instruments is an international company in the field of medical and industrial equipment.

Elbit Systems is an international electronics company focusing on upgrading military platforms and developing new technologies for defense and security applications.

For more information, visit: www.elbit.co.il