VSI names Munic vice president of Joint Strike Fighter programs

SAN JOSE, Calif. (December 20, 2007) - Vision Systems International, LLC (VSI), a leader in advanced Helmet Mounted Display (HMD) technology, has named Fred Munic as vice president of Joint Strike Fighter (JSF) programs.

Since joining Vision Systems International in November 2002, Munic has served as the director of JSF Helmet Mounted Display Programs, taking this program through competition, a successful development phase and now moving it into production. Before coming to VSI, Munic was the new business manager for Rockwell Collins Display Systems Advanced Systems Group, leading new both commercial and defense business pursuits.

Prior to joining Rockwell Collins, Munic was the director of engineering at Trimble Navigation, responsible for all military and aerospace product development. Munic holds a Bachelor of Science degree in computer engineering from the University of Illinois and a Master of Science degree in electrical engineering from Santa Clara University.

Formed in 1996, VSI, is a joint venture between EFW Inc., an Elbit Systems of America company and a subsidiary of Elbit Systems Ltd. (Nasdaq: ESLT), and Rockwell Collins (NYSE: COL). VSI was formed to develop, manufacture and support fixed wing HMDs worldwide. VSI today is the leading supplier of fixed-wing HMDs worldwide. In addition to the JHMCS production, VSI is developing the advanced HMD for the F-35 (JSF), a QuadEyeTM Night Vision Cueing & Display (NVCD) system for the U.S. Navy and U.S. Air Force, and is also producing the Display and Sight Helmet (DASH) Generation IV HMD under multiple contracts.

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VSI-NR-03