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<SEC-DOCUMENT>0000910680-07-000576.txt : 20070620
<SEC-HEADER>0000910680-07-000576.hdr.sgml : 20070620
<ACCEPTANCE-DATETIME>20070620094139
ACCESSION NUMBER:		0000910680-07-000576
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20070617
FILED AS OF DATE:		20070620
DATE AS OF CHANGE:		20070620

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:		07930267

	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>f6k061707.htm
<DESCRIPTION>PRESS RELEASES DATED 6/17/07 AND 6/18/07
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>UNITED STATES<BR>SECURITIES AND EXCHANGE COMMISSION</B> </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2">Washington, D.C. 20549</FONT> </P>

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     <P ALIGN=CENTER>_________________ </P>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>FORM 6-K</B> </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2">Report of Foreign Private Issuer<BR>
Pursuant to Rule 13a-16 or 15d-16<BR>
Under the Securities Exchange Act of 1934<BR>
For the Month of June&nbsp;2007 </FONT> </P>

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

<!-- MARKER FORMAT-SHEET="Head Minor Center" FSL="Default" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Commission File Number:
000-28998</FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>ELBIT SYSTEMS LTD.</B> </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2">(Translation of Registrant&#146;s Name into English)<BR>
Advanced Technology Center, P.O.B. 539, Haifa 31053, Israel<BR>
(Address of Principal Corporate Offices) </FONT> </P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><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>


<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" WIDTH="50%">
<TR VALIGN="TOP">
     <TD WIDTH="10%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> <IMG SRC="ballotx.jpg" HEIGHT="15" WIDTH="15"> </FONT></TD>
     <TD WIDTH="40%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Form 20-F</FONT></TD>
     <TD WIDTH="10%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> <img src="ballot.jpg" HEIGHT="15" WIDTH="15"> </FONT></TD>
     <TD WIDTH="40%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Form 40-F</FONT></TD></TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><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" HEIGHT="15" WIDTH="15"> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><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 Flush" FSL="Default" -->
<P><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" HEIGHT="15" WIDTH="15"> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><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 Flush" FSL="Default" -->
<P><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>


<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" WIDTH="50%">
<TR VALIGN="TOP">
     <TD WIDTH="10%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> <img src="ballot.jpg" HEIGHT="15" WIDTH="15"> </FONT></TD>
     <TD WIDTH="40%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Yes</FONT></TD>
     <TD WIDTH="10%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> <img src="ballotx.jpg" HEIGHT="15" WIDTH="15"> </FONT></TD>
     <TD WIDTH="40%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">No</FONT></TD></TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><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>

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<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attached
hereto as Exhibits 1 and 2 and incorporated herein by reference are the Registrant&#146;s press
releases dated June 17, 2007 and June 18, 2007.  </FONT></P>

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

<!-- MARKER FORMAT-SHEET="Para Large Indent" 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="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"><B>ELBIT SYSTEMS LTD.</B><BR>
(Registrant)<BR>
<BR>
<BR>
By:&nbsp;<U>&nbsp;/s/&nbsp;Yaniv Baram&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;&nbsp;&nbsp;&nbsp;</U><BR>
Name:&nbsp;Yaniv Baram<BR>
Title:&nbsp;&nbsp;&nbsp;Corporate Secretary<BR>
</FONT></TD></TR>
</TABLE>

<!-- MARKER FORMAT-SHEET="Head Left" FSL="Default" -->
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Dated: June 19, 2007 </FONT></P>

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

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<!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>EXHIBIT INDEX </U></FONT></H1>

<TABLE WIDTH="70%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="BOTTOM">
     <TH ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>Exhibit No.</U></FONT></TH>
     <TH ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>Description</U></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="20%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><BR>1.</FONT></TD>
     <TD WIDTH="80%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><BR>Press release dated June 17, 2007</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD WIDTH="20%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><BR>2.</FONT></TD>
     <TD WIDTH="80%" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><BR>Press release dated June 18, 2007</FONT></TD></TR>

</TABLE>

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


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<!-- MARKER FORMAT-SHEET="Para Right" FSL="Default" -->
<P ALIGN="RIGHT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><U><B>Exhibit 1</B></U> </FONT></P>

<FONT FACE="Arial, Helvetica, Sans-Serif"><!-- MARKER FORMAT-SHEET="Para Right" FSL="Default" --> </FONT>
<P ALIGN="LEFT"> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><IMG SRC="elbitlogo031407.jpg"> </FONT> </P>


<!-- MARKER FORMAT-SHEET="Head Major Center Bold 1" FSL="Default" -->
<H1 ALIGN=CENTER><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="3">Another Prestigious
Prize for Elbit Systems: </FONT> </H1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold 1" FSL="Default" -->
<H1 ALIGN=CENTER><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="3">Elbit Systems
Skylark&reg;-II UAV Wins Frost &amp; Sullivan <BR>&#147;Best
Innovative Product Award for 2007 in the Aviation &amp; Defense Category&#148; </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Haifa, Israel, June 17, 2007 &#150;
Elbit Systems Ltd. (NASDAQ:ESLT) announced that the prestigious business research and
consulting firm Frost &amp; Sullivan has presented its &#147;Best Innovative Product Award
for 2007 in the Aviation &amp; Defense Category&#148; to Skylark&reg;-II, a close-range
tactical UAV system developed and produced by Elbit Systems. </FONT> </P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Frost &amp; Sullivan cited the
Skylark&reg;-II system as a market trend setter, defining and leading the UAV market. The
Skylark&reg;-II&#146;s unique system capabilities enable it to perform the same missions
that previously only larger and more expensive UAV systems could perform. Elbit Systems
ongoing leadership in the UAV field was another factor in Frost &amp; Sullivan&#146;s
decision to present this award. </FONT> </P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Skylark&reg;-II is a new,
improved model of the Skylark&reg;-I UAV system that is in widespread operational use
worldwide, including in the Israel Defense Forces (IDF). The Skylark&reg;-II is capable of
carrying out covert surveillance flights day and night, in all weather conditions at
mission ranges exceeding 50 kilometers. </FONT> </P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The Skylark&reg;-II has the ability
to perform a wide range of missions, including: surveillance and reconnaissance, data
collection and target designation. The Skylark&reg;-II is deployed from a field-vehicle
equipped with an integral launcher and a dual-Ground Control Station. The advanced UAV is
highly autonomous, based on highly advanced technology and the extensive accumulated
operational experience of the Elbit Systems Hermes&reg; family of UAVs. The system&#146;s
compact design and light weight allows for assembly, launch and recovery by a two-person
crew. </FONT> </P>

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<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The unique technologically advanced
propulsion system for low and medium altitudes is silent and highly efficient for covert
operations. The advanced payload configuration features a color day camera, 3<SUP>rd
</SUP>generation thermal imaging night camera and a laser illuminator, enabling Skylark&reg;-II
to produce high quality sharp imagery even under cloud cover and adverse weather
conditions. </FONT> </P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Haim Kellerman, Corporate Vice
President and General Manager of Elbit Systems UAV Division stated, &#147;We are proud to
receive this award from a prominent consulting and research company such as Frost &amp;
Sullivan. This selection is an example of the enthusiastic response that we are receiving
from experts in the field and potential customers. Last November, Popular Science Magazine
credited the same product with a similar award. Our product being selected by one of the
top consulting and research companies testifies to Elbit Systems position as an innovative
and advanced UAV manufacturer.&#148; </FONT> </P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<H1 ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="3"><U>About the &#147;Best
Innovative Product Award for 2007&quot;</U> </FONT> </H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Every year the analysts of Frost
&amp; Sullivan choose the most innovative products launched that year. They evaluate:
R&amp;D expenses, products in development and new product applications for existing
products in the search for the most innovative products of the year. The winners are the
products and technology comprising a major breakthrough in a respective field. All the
products are selected according to the degree of innovativeness and customer satisfaction. </FONT> </P>

<!-- MARKER FORMAT-SHEET="Para Default" FSL="Default" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">All products are examined using the
following criteria: </FONT> </P>

<!-- MARKER FORMAT-SHEET="Para Hang" FSL="Default" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&#149; </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Level
of innovation in the respective field </FONT> </TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Hang" FSL="Default" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&#149; </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Competitive
advantage versus the market </FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Hang" FSL="Default" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&#149; </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Level
of technological innovation implemented in the product </FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Hang" FSL="Default" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&#149; </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Penetration
level of product in the market </FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Hang" FSL="Default" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&#149; </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Added
value product provides to customers </FONT></TD>
</TR>
</TABLE>
<BR>

<!-- MARKER FORMAT-SHEET="Para Hang" FSL="Default" -->
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&#149; </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Number
of competitors with a similar product </FONT></TD>
</TR>
</TABLE>
<BR>


<H1 ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">About Elbit Systems</FONT> </H1>

<!-- MARKER FORMAT-SHEET="Para Flush" 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>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="70%">
<TR VALIGN="BOTTOM">
     <TH ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><U></U> </FONT></TH>
     <TH ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp; </FONT></TH></TR>
<TR VALIGN="BOTTOM">
     <TH ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><B><U>Contacts:<BR>Company Contact</U>:</B> </FONT></TH>
     <TH ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><BR><B><U><BR>IR Contact</U>:</B> </FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="60%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><BR>Joseph Gaspar, Corporate VP &amp; CFO<BR>
Dalia Rosen, Director of Corporate Communications<BR>
Elbit Systems Ltd<BR>
Tel: +972-4-8316663<BR>
Fax: +972-4-8316944<BR>
E-mail:&nbsp;&nbsp;<U>gspr@elbit.co.il</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;daliarosen@elbit.co.il </FONT></TD>
     <TD WIDTH="40%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><BR>Ehud Helft / Kenny Green<BR>
&nbsp;<BR>
G.K. Investor Relations<BR>
Tel: 1-866-704-6710<BR>
Fax: + 972 - 3 - 607 - 4711<BR>
E-mail: <U>info@gkir.com</U><BR>
&nbsp; </FONT></TD></TR>
</TABLE>


<FONT FACE="Arial, Helvetica, Sans-Serif"><!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" --> </FONT>
<P><FONT FACE="Arial, Helvetica, Sans-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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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibit 2 </FONT></P>

<FONT FACE="Arial, Helvetica, Sans-Serif"><!-- MARKER FORMAT-SHEET="Para Right" FSL="Default" --> </FONT>
<P ALIGN="RIGHT"> <FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><IMG SRC="elbitlogo031407.jpg"> </FONT> </P>


<!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
<H1 ALIGN=CENTER><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="4">Elbit Systems Will
Supply Two NATO Members Countries With<BR>Aviator&#146;s Night Vision Imaging System/Head-Up
Displays </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold 1" FSL="Default" -->
<H1 ALIGN=CENTER><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="3"><I>Contracts valued at
approximately $14 million</I> </FONT> </H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Haifa, Israel, June 18 2007 &#150;
Elbit Systems Ltd. (NASDAQ: ESLT) announced that it has been awarded two contracts, in a
total amount of approximately $14 million to supply Aviator&#146;s Night Vision Imaging
System/Head-Up Displays (ANVIS/HUD&#153;) for helicopters of two NATO member countries. </FONT> </P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The ANVIS/HUD&#153; system employs
cutting edge technologies to provide the most advanced system of its kind, offering a 24/7
significant increase in situational awareness and safety by allowing the pilot to fly
&#147;head out of the cockpit&#148; during night operations and projecting critical flight
information into the night vision goggles&#146; view. This system has been in operational
use by U.S. Army, U.S. Navy / U.S. Marine Corps and U.S. Air Force rotary wing pilots
since the mid-1990&#145;s and is installed on numerous utility and special operations
helicopter fleet platforms, including the UH-60, CH-53 CH-47, CH-46, AH-1, UH-1, V-22,
Super Puma, Cougar and others. The Elbit Systems Group has equipped more than 5,000
helicopters, for more than 20 countries, with ANVIS/HUD&#153; systems. </FONT> </P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Yoram Shmuely, Corporate Vice
President and General Manager of Elbit Systems&#146; Airborne and Helmet Systems Division
said: &#147;The selection of our systems for this project attests to Elbit Systems&#146;
leadership in the field of helmet and heads-Up display systems. The ANVIS/HUD&#153; system
was developed to fully comply with NATO and U.S. military requirements allowing NATO
pilots to safely and effectively execute their various missions in both day and night
conditions.&#148; </FONT> </P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">Up to date, Elbit Systems delivered
over 5,000 ANVIS/HUD&#153; systems to over 20 countries worldwide. </FONT> </P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">The JSF (F-35), considered the most advanced
tactical fighter jet of its kind, is equipped with Elbit Systems&#146; US subsidiary
&#150; VSI&#146;s helmet system. In recent weeks, the aircraft&#146;s manufacturers,
Lockheed Martin, conducted a number of successful test flights using this helmet system. </FONT> </P>

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





<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 4; page: 4" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>


<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<H1 ALIGN=LEFT><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="3"><U>About Elbit Systems</U> </FONT> </H1>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><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 CELLPADDING="0" CELLSPACING="0" WIDTH="70%">
<TR VALIGN="BOTTOM">
     <TH ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><U></U> </FONT></TH>
     <TH ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2">&nbsp; </FONT></TH></TR>
<TR VALIGN="BOTTOM">
     <TH ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><B><U>Contacts:<BR>Company Contact</U>:</B> </FONT></TH>
     <TH ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><BR><B><U><BR>IR Contact</U>:</B> </FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="60%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><BR>Joseph Gaspar, Corporate VP &amp; CFO<BR>
Dalia Rosen, Director of Corporate Communications<BR>
Elbit Systems Ltd<BR>
Tel: +972-4-8316663<BR>
Fax: +972-4-8316944<BR>
E-mail:&nbsp;&nbsp;<U>gspr@elbit.co.il</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;daliarosen@elbit.co.il </FONT></TD>
     <TD WIDTH="40%" ALIGN="LEFT"><FONT FACE="Arial, Helvetica, Sans-Serif" SIZE="2"><BR>Ehud Helft / Kenny Green<BR>
&nbsp;<BR>
G.K. Investor Relations<BR>
Tel: 1-866-704-6710<BR>
Fax: + 972 - 3 - 607 - 4711<BR>
E-mail: <U>info@gkir.com</U><BR>
&nbsp; </FONT></TD></TR>
</TABLE>


<FONT FACE="Arial, Helvetica, Sans-Serif"><!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" --> </FONT>
<P><FONT FACE="Arial, Helvetica, Sans-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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