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<SEC-DOCUMENT>0000910680-06-000483.txt : 20060531
<SEC-HEADER>0000910680-06-000483.hdr.sgml : 20060531
<ACCEPTANCE-DATETIME>20060531164721
ACCESSION NUMBER:		0000910680-06-000483
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20060531
FILED AS OF DATE:		20060531
DATE AS OF CHANGE:		20060531

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ELBIT SYSTEMS LTD
		CENTRAL INDEX KEY:			0001027664
		STANDARD INDUSTRIAL CLASSIFICATION:	AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC [3728]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-28998
		FILM NUMBER:		06877413

	BUSINESS ADDRESS:	
		STREET 1:		ADVANCED TECHNOLOGY CENTER
		STREET 2:		PO BOX 539
		CITY:			HAIFA, ISRAEL
		STATE:			L3
		ZIP:			31053
		BUSINESS PHONE:		01197248316626

	MAIL ADDRESS:	
		STREET 1:		ADVANCED TECHNOLOGY CENTER
		STREET 2:		PO BOX 539
		CITY:			HAIFA, ISRAEL
		STATE:			L3
		ZIP:			31053
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>f6k053106.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<p ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549 </FONT></P>

<!-- MARKER FORMAT-SHEET="Center Rule" FSL="Default" -->
     <P ALIGN=CENTER>_________________ </P>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>FORM 6-K</B><BR>
Report of Foreign Private Issuer<BR>
Pursuant to Rule 13a-16 or 15d-16<BR>
of the Securities Exchange Act of 1934<BR>
For the Month of May 2006 </FONT></P>

<!-- MARKER FORMAT-SHEET="Center Rule" FSL="Default" -->
     <P ALIGN=CENTER>_________________ </P>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<p ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>ELBIT SYSTEMS LTD.</B><BR> </FONT>
<FONT FACE="Times New Roman, Times, Serif" SIZE="1">(Translation of Registrant&#146;s Name into English)<BR></FONT>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2">Advanced Technology Center, P.O.B. 539, Haifa 31053, Israel<BR> </FONT>
<FONT FACE="Times New Roman, Times, Serif" SIZE="1">(Address of Principal Corporate Offices) </FONT> </P>

<!-- MARKER FORMAT-SHEET="Para Large Indent Lv 0-TNR" FSL="Default" -->
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Indicate
by check mark whether the registrant files or will file annual reports under cover of Form
20-F or Form 40-F: </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center" FSL="Default" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><IMG SRC="ballotx.jpg" ALIGN="AbsMiddle" HEIGHT="20" WIDTH="20">&nbsp;&nbsp;&nbsp;&nbsp;Form 20-F&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<IMG SRC="ballot.jpg" ALIGN="AbsMiddle" HEIGHT="20" WIDTH="20">&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F&nbsp;&nbsp;&nbsp;&nbsp;  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Default" FSL="Default" -->
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule
101(b)(1): <IMG SRC="ballot.jpg" ALIGN="AbsMiddle" HEIGHT="20" WIDTH="20"></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Default" FSL="Default" -->
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Note</B>: Regulation S-T Rule
101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to
provide an attached annual report to security holders.  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Default" FSL="Default" -->
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule
101(b)(7): <IMG SRC="ballot.jpg" ALIGN="AbsMiddle" HEIGHT="20" WIDTH="20"> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Default" FSL="Default" -->
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Note</B>: Regulation S-T Rule
101(b)(7) only permits the submission in paper of a Form 6-K submitted to furnish a
report or other document that the registrant foreign private issuer must furnish and make
public under the laws of the jurisdiction in which the registrant is incorporated,
domiciled or legally organized (the registrant&#146;s &#147;home country&#148;), or under
the rules of the home country exchange on which the registrant&#146;s securities are
traded, as long as the report or other document is not a press release, is not required
to be and has not been distributed to the registrant&#146;s security holders, and, if
discussing a material event, has already been the subject of a Form 6-K submission or
other Commission filing on EDGAR.  </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Default" FSL="Default" -->
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Indicate by check mark whether the
registrant by furnishing the information contained in this form is also thereby
furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934:  </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center" FSL="Default" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><IMG SRC="ballot.jpg" ALIGN="AbsMiddle" HEIGHT="20" WIDTH="20">&nbsp;&nbsp;&nbsp;&nbsp;Yes
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<IMG SRC="ballotx.jpg" ALIGN="AbsMiddle" HEIGHT="20" WIDTH="20">No&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>

<!-- MARKER FORMAT-SHEET="Para Default" FSL="Default" -->
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>If &#147;Yes&#148; is marked,
indicate below the file number assigned to the registrant in connection with Rule
12g3-2(b): 82-______________</FONT></P>


<DIV STYLE="page-break-after:always"></DIV>
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>

<!-- MARKER FORMAT-SHEET="Para Large Indent Lv 0-TNR" FSL="Workstation" -->
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attached
hereto as Exhibit 1 and incorporated herein by reference is the Registrant&#146;s press
release dated May 31, 2006. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>SIGNATURE</U></FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Large Indent Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly authorized. </FONT></P>


<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TH>
     <TH ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">ELBIT SYSTEMS LTD.</FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="50%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="50%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Registrant)</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><BR><BR>By:&nbsp;<U>/s/&nbsp;Ilan Pacholder&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</U></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Name: Ilan Pacholder<BR>
Title: Corporate Secretary</FONT></TD></TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Head Left-TNR" FSL="Default" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Dated: May 31, 2006 </FONT></P>

<DIV STYLE="page-break-after:always"></DIV>
<!-- MARKER PAGE="sheet: 2; page: 2" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>


<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Default" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXHIBIT INDEX </FONT></H1>


<!-- MARKER FORMAT-SHEET="Para Large Hang" FSL="Default" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U><B>Exhibit No.</B></U></FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B><U>Description</U></B></FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Large Hang" FSL="Default" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1.</FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Press release dated May 31, 2006. </FONT></TD>
</TR>
</TABLE>
<BR>


<DIV STYLE="page-break-after:always"></DIV>

<!-- MARKER PAGE="sheet: 3; page: 3" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>



<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Default" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXHIBIT 1 </FONT></P>


<!-- MARKER FORMAT-SHEET="Head Major Center Bold 1-TNR" FSL="Workstation" -->
<H1 ALIGN=CENTER><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="4">Elbit Systems&#146;
Subsidiary Acquires 20% Interest in Sandel Avionics </FONT> </H1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold 1-TNR" FSL="Workstation" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="3"></FONT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="3">Furthers Expansion
into Commercial Aviation Market </FONT> </H1>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Haifa, Israel, May 31, 2006 &#150;
Elbit Systems Ltd. (NASDAQ:ESLT) reported today that its U.S. subsidiary Kollsman, Inc.
has acquired a 20% interest in Sandel Avionics, Inc. (&#147;Sandel&#148;) in consideration
for $12 million. Sandel, based in Vista, California, produces specialized integrated
display systems and other products for the commercial aviation market</FONT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">. </FONT> </P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Kollsman has an option to buy the
remaining 80% interest in Sandel for a period of 30 months after the initial investment.
During the option period, Kollsman has the right to representation on the Sandel board of
directors, as well as several specific minority rights. In addition, Kollsman and Sandel
have formed an alliance to cooperate on product development and marketing. </FONT> </P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Elbit Systems is currently assessing
the impact of this acquisition on its consolidated financial statements for the second
quarter of 2006. </FONT> </P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">It is expected that some of
Kollsman&#146;s new products, like the General Aviation Vision System (GAViS&#153;), the
micro-vision head-up display (&micro;-ViS HUD&#153;) and the Enhanced Synthetic Vision
System (ESViS&#153;), will be integrated with the Sandel Display for the General Aviation
Market. </FONT> </P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><B>Joseph Ackerman</B>, president of
Elbit Systems Ltd., said: &#147;Consistent with our strategic plan, we continue to
strengthen our position in the commercial aviation market. The commercial aviation product
line, including the current investment in Sandel, adds to our portfolio balance and
provides us with the opportunity to apply our technological capabilities into a growing
market that is focused on safety and operational enhancements.&#148; </FONT> </P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><B>Randy Moore</B>, executive vice
president and general manager of Kollsman, said: &#147;There is a growing market worldwide
for aviation safety. The industry&#146;s demand for a broad-based technology that includes
imaging systems, sensors and displays like the Vision-Based Cockpit presents us with the
potential for continued growth and the ability to reach a wider customer base. We see
tremendous synergies between the technologies provided by the Elbit Group and the strong
position held by Sandel in the commercial aviation market.&#148; </FONT> </P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><B>Gerry Block</B>, president of
Sandel, confirmed that Sandel and Kollsman are cooperating on a project for commercial
aircraft displays. Mr. Block stated: &#147;We believe that the synergy between the two
companies and their complementary product lines will result in a greater market share and
an advanced product portfolio to offer our customers. We are pleased that a company which
is </FONT> </P>

<DIV STYLE="page-break-after:always"></DIV>
<!-- MARKER PAGE="sheet: 4; page: 4" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>




<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">considered a technological leader has recognized the value of
investing in Sandel, and we are
certain that the investment and the cooperation going forward will be valuable to both
companies.&#148; </FONT> </P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Workstation" -->
<H1 ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><U>About Sandel</U> </FONT> </H1>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Sandel Avionics, Inc., located in
Vista, California. Sandel is a privately owned company specializing in compact integrated
display systems for general aviation, business aviation, air transport and regional
aircraft. Additional information about Sandel is available at www.sandelavionics.com. </FONT> </P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Workstation" -->
<H1 ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><U>About Kollsman</U> </FONT> </H1>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Kollsman, Inc., an Elbit Systems of
America Company, headquartered in Merrimack, New Hampshire, is a leading supplier of
avionic equipment, electro-optic systems and subsystems, vision based solutions and
surveillance systems to the commercial aviation, defense and homeland security markets. </FONT> </P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Workstation" -->
<H1 ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><U>About Elbit Systems</U> </FONT> </H1>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Elbit Systems Ltd. is an
international defense electronics company engaged in a wide range of defense-related
programs throughout the world. The Elbit Systems Group, which includes the company and its
subsidiaries, operates in the areas of aerospace, land and naval systems, command,
control, communications, computers, intelligence, surveillance and reconnaissance
(&#147;C4ISR&#148;), advanced electro-optic and space technologies, EW suites, airborne
warning systems, ELINT systems, data links and military communications systems and
equipment. The Group also focuses on the upgrading of existing military platforms and
developing new technologies for defense and homeland security applications. </FONT> </P>

<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD WIDTH="50%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>Contacts</U><BR>
<BR>
<U>Company contact</U><BR>
Ilan Pacholder, Corporate Secretary and<BR>
VP Finance &amp; Capital Markets<BR> </FONT>
<FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><B>Elbit Systems Ltd.</B> </FONT><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><BR>
Tel: 972-4 831-6632<BR>
Fax: 972-4 831- 6659<BR>
<U>pacholder@elbit.co.il</U><BR> </FONT>
</TD>
     <TD WIDTH="50%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>IR Contacts</U><BR>
Ehud Helft/Kenny Green<BR>
<BR>
<B>GK International</B><BR>
Tel: 1-866-704-6710<BR>
Fax: 972-3-607-4711<BR>
<U>ehud@gk-biz.com</U><BR>
<U>kenny@gk-biz.com</U></FONT></TD></TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>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&#146;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&#146;S PERIODIC FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION. </FONT></P>

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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
