<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>4
<FILENAME>exh10-1.txt
<DESCRIPTION>EXHIBIT 10.1
<TEXT>


                                                                    Exhibit 10.1


Haifa, Israel, June 14, 2004



                         CONSENT OF INDEPENDENT AUDITORS





         We hereby consent to the incorporation by reference in the registration
statement of Elbit Systems Ltd. on Form S-8 (File No. 333-9354) of our report
dated March 9, 2004, on our audit of the consolidated financial statements and
financial statement schedule of Elbit Systems Ltd. and subsidiaries as of
December 31, 2003, and for the year then ended, which are included in the Elbit
Systems Ltd. Annual Report on Form 20-F for the year ended December 31, 2003.





                                           /s/   Kost Forer Gabbay & Kasierer
                                                 -------------------------------
                                                 Kost Forer Gabbay & Kasierer
                                           A member of Ernst & Young Global







</TEXT>
</DOCUMENT>
