<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>3
<FILENAME>ex107092003.txt
<DESCRIPTION>NOTICE OF MEETING OF SHAREHOLDERS
<TEXT>
                                    EXHIBIT 1

     Haifa, Israel, July 9, 2003 - Elbit Systems Ltd. (the "Company") (Nasdaq
     NM: ESLT) announced today that July 10, 2003 has been set as the record
     date for shareholders entitled to receive notice of and vote at the
     Company's Annual General Meeting of Shareholders to be held on August 6,
     2003 (the "Meeting"). The Company intends to distribute to shareholders on
     or about July 15, 2003 a proxy statement with respect to the Meeting.


</TEXT>
</DOCUMENT>
