_________

C001

אלביט מערכות בע"מ

2

Public

ELBIT SYSTEMS LTD.

5959

Corporation no: 520043027

Stock Exchange/Market: אלביט מערכות

72

379

P.O.B 539 , Haifa 31053 , ,

Tel: 04-8315315 , 04-8316632 Fax: 04-8316659

E.mail address: SHOSHIS@ELBIT.CO.IL

Date of transmission: 15/05/2007

              Time of broadcast: 09:27 09:22:40

Reference: 2007-02-390323

Israel Securities Authority		Tel Aviv Stock Exchange
www.isa.gov.il		www.tase.co.il

Report of Periodic or Interim Report

Regulation 3 of the Securities Regulations, (Periodic and Immediate Reports of Foreign Corporation) 5761-2000

The corporation is a foreign private issuer as defined by U.S. Securities Laws.

Attached hereto is a report on

Elbit Systems Ltd. financial report and managment report for the first quarter 2007

un3850_isa.pdf

Attached hereto is Elbit Systems Ltd's consolidated unadited financial statements and management report for the first quarter ended March 31, 2007, which will be filed with the Securities and Exchange Commission

References of previous documents relating to this matter(the reference does not constitute incorporation by reference):

Previous names of reporting entity:

Date of revision of form structure: 28/02/2007

Name of the Signatory: : Baram Yaniv , , Position of Signatory in the reporting corporation: Adv., Corporate Secretary

Advanced Technology Centr Telephone: 04-8317430 , Facsimile: 04-8316659 , E-mail: baramy@elbit.co.il