<DOCUMENT>
<TYPE>EX-5
<SEQUENCE>7
<FILENAME>ex5tojune2003.txt
<TEXT>

                                    EXHIBIT 5


ELBIT SYSTEMS LTD.



Haifa, Israel, June 2, 2003 - Elbit Systems Ltd. (the "Company") (NASDAQ: ESLT),
announced  today that  during May 2003,  two members of the  Company's  Board of
Directors,  Joel  Feldschuh and Lenny  Recanati,  resigned  from their  director
positions.  Mr.  Feldschuh,  who served as an  External  Director,  resigned  in
anticipation of his nomination to an officer position with a company  affiliated
with a controlling  shareholder of the Company. The Company is in the process of
nominating a replacement  candidate for the vacant External  Director  position,
for election at a general meeting of shareholders.






</TEXT>
</DOCUMENT>
