<DOCUMENT>
<TYPE>EX-2
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<FILENAME>ex2tojune2003.txt
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                                    EXHIBIT 2

Elbit Systems Receives Award From Israel-America Chamber of Commerce & Industry

Wednesday May 14, 6:43 am ET

HAIFA, Israel, May 14 /PRNewswire-FirstCall/ -- Elbit Systems Ltd. (Nasdaq: ESLT
- News),  today  announced  that it  received  the 2002  Chamber  Award from the
Israel-America  Chamber  of  Commerce  &  Industry.  The award is  presented  to
companies that distinguish themselves in investment and trade between Israel and
the US.

The award was presented to Elbit Systems by the Hon. Daniel C. Kurtzer, the U.S.
Ambassador to Israel.

The award  committee  commented  that the Chamber  Award is  presented  to Elbit
Systems "in  recognition  of its  outstanding  accomplishment  in the  continued
enhancement,  development,  production and support of  sophisticated  technology
systems in the United States during the year 2002."

Elbit  Systems'  activity  in the US,  together  with its  subsidiary  EFW Inc.,
amounted  to $268  million,  out of total  revenue of $827  million for the year
2002. Elbit Systems subsidiaries in the US act in close cooperation with leading
US  defense  industries,  supplying  advanced  systems  to  all  arms  of the US
military.  The  systems  are  employed  on  advanced  platforms  such as  combat
aircraft, helicopters, armored vehicles and other land systems.

About Elbit Systems Ltd.

Elbit Systems Ltd. is an international  defense electronics company engaged in a
wide range of  defense-related  programs  throughout the world,  in the areas of
aerospace, ground and naval systems, command, control, communications, computers
and  intelligence  (C4I) and advanced  electro-optic  technologies.  The Company
focuses on the  upgrading of existing  military  platforms  and  developing  new
technologies for defense applications.

STATEMENTS   IN  THIS  PRESS  RELEASE   WHICH  ARE  NOT   HISTORICAL   DATA  ARE
FORWARD-LOOKING  STATEMENTS WHICH INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES
OR OTHER  FACTORS  NOT  UNDER THE  COMPANY'S  CONTROL,  WHICH  MAY CAUSE  ACTUAL
RESULTS,  PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY  DIFFERENT
FROM  THE  RESULTS,   PERFORMANCE  OR  OTHER   EXPECTATIONS   IMPLIED  BY  THESE
FORWARD-LOOKING STATEMENTS. THESE FACTORS INCLUDE, BUT ARE NOT LIMITED TO, THOSE
DETAILED IN THE  COMPANY'S  PERIODIC  FILINGS WITH THE  SECURITIES  AND EXCHANGE
COMMISSION.


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