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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000910680-08-000711.txt : 20081029
<SEC-HEADER>0000910680-08-000711.hdr.sgml : 20081029
<ACCEPTANCE-DATETIME>20081029171251
ACCESSION NUMBER:		0000910680-08-000711
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20081028
FILED AS OF DATE:		20081029
DATE AS OF CHANGE:		20081029

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:		081148504

	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>f6k102808.htm
<DESCRIPTION>OCTOBER 28
<TEXT>
<html>
    <head>
        <title></title>
    </head>

    <body style="FONT-FAMILY: 'Arial'" bgcolor="#ffffff">
        <p align="left"></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><strong><font color="#000000" size="2"><font size="2"><b><font size="5"><b><font size="5"><b><font color="#000000"><font style="COLOR: #000000" face="Arial" color="#000000">UNITED STATES</font></font></b></font></b></font></b></font></font></strong></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font color="#000000"><font style="COLOR: #000000" face="Arial" color="#000000">SECURITIES AND EXCHANGE COMMISSION</font></font></b></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font color="#000000"><font style="COLOR: #000000" face="Arial" color="#000000">Washington, D.C. 20549</font></font></b></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font color="#000000"><font style="COLOR: #000000" face="Arial" color="#000000">____________________</font></font></b></p>

        <p title="EE+ Page Header"></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font color="#000000"><b><font style="COLOR: #000000" face="Arial" color="#000000">FORM 6-K</font></b></font></b></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font face="Arial"><font color="#000000"><font style="COLOR: #000000">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&nbsp;October 2008<br>
        _______________________</font></font></font></b></p>

        <p title="EE+ Page Header"></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font face="Arial"><font color="#000000"><font face="Arial"><font color="#000000"><font style="COLOR: #000000">Commission File Number</font></font></font> <font style="COLOR: #000000" face="Arial" color="#000000">000-28998<br>
        &nbsp;</font></font></font></b></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font face="Arial"><font color="#000000"><b><font style="COLOR: #000000" face="Arial" color="#000000">ELBIT SYSTEMS LTD.</font></b></font></font></b></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font face="Arial"><font color="#000000"><font style="COLOR: #000000" face="Arial" color="#000000">(Translation of Registrant&rsquo;s Name into English)</font></font></font></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font face="Arial"><font color="#000000"><font face="Arial" color="#000000">Advanced Technology Center, P.O.B. 539, Haifa 31053, Israel</font></font></font></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font face="Arial"><font color="#000000"><font style="COLOR: #000000" face="Arial" color="#000000">(Address of Principal Corporate Offices)<br>
        &nbsp;</font></font></font></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; FONT-FAMILY: 'Arial'" align="left"><font color="#000000"><b><font style="FONT-WEIGHT: normal; FONT-FAMILY: 'Arial'" face="Arial" color="#000000">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:</font></b></font></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; FONT-FAMILY: 'Arial'" align="center"><b><font face="Arial"><font color="#000000"><b><br>
        <font face="Arial"><font color="#000000"><font style="FONT-WEIGHT: normal; FONT-FAMILY: 'Arial'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> &nbsp;<font face="Wingdings">x</font>&nbsp; <font style="FONT-WEIGHT: normal; FONT-FAMILY: 'Arial'">Form
        20-F&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> <font face="Wingdings">o</font>&nbsp; <font style="FONT-WEIGHT: normal; FONT-FAMILY: 'Arial'">Form
        40-F</font></font></font></b></font></font></b></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; FONT-FAMILY: 'Arial'" align="left"><font face="Arial"><font color="#000000"><b><br>
        <font face="Arial"><font color="#000000"><font style="FONT-WEIGHT: normal; FONT-FAMILY: 'Arial'" face="Arial">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):</font>&nbsp;<font face="Wingdings">o</font><br>
        &nbsp;</font></font></b></font></font></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; FONT-FAMILY: 'Arial'" align="justify"><font face="Arial"><font color="#000000"><font face="Arial"><font color="#000000">Note</font></font> <font color="#000000"><font style="FONT-WEIGHT: normal; FONT-FAMILY: 'Arial'"><font face="Arial">: 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.<br>
        &nbsp;<br>
        <font face="Arial">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):</font></font>&nbsp;<font face="Wingdings">o</font><br>
        &nbsp;</font></font></font></font></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; FONT-FAMILY: 'Arial'" align="justify"><font face="Arial"><font color="#000000"><font face="Arial"><font color="#000000">Note</font></font> <font style="FONT-WEIGHT: normal; FONT-FAMILY: 'Arial'" face="Arial" color="#000000"><font face="Arial">: 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&rsquo;s &ldquo;home country&rdquo;), or under the rules of the home country exchange on which the registrant&rsquo;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&rsquo;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><br>
        &nbsp;<br>
        <font face="Arial">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></font></font></font></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; FONT-FAMILY: 'Arial'" align="left">&nbsp;</p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; FONT-FAMILY: 'Arial'" align="center"><font face="Arial"><font color="#000000"><font style="FONT-WEIGHT: normal; FONT-FAMILY: 'Arial'"><font face="Arial"><font color="#000000"><strong><font face="Wingdings">o</font> &nbsp;</strong>
        &nbsp;&nbsp;<font face="Arial">Yes</font>&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;&nbsp;&nbsp;&nbsp;&nbsp; <strong><font face="Wingdings">x</font>&nbsp;</strong>
        <font style="FONT-WEIGHT: normal; FONT-FAMILY: 'Arial'" face="Arial">No</font></font></font></font></font></font></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; FONT-FAMILY: 'Arial'" align="left">&nbsp;</p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.4in; FONT-FAMILY: 'Arial'" align="left"><font color="#000000"><font style="FONT-WEIGHT: normal; FONT-FAMILY: 'Arial'" face="Arial" color="#000000">If &ldquo;Yes&rdquo; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-______________</font></font></p>
        <!-- NEXT PAGE SECTION BREAK  --><!-- EEDocs PBStart-->

        <div title="EE+ Page Header">
            <hr align="center" width="100%" noshade size="2">
        </div>

        <p title="EE+ Page Header" style="PAGE-BREAK-AFTER: always"></p>
        <!-- EEDocs PBEnd-->

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font color="#000000">Attached hereto as Exhibit 1 and incorporated herein by reference is the Registrant&rsquo;s press release dated&nbsp;October 28, 2008.</font></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">&nbsp;</p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font color="#000000"><font style="COLOR: #000000" color="#000000">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></font></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-TRANSFORM: uppercase; TEXT-INDENT: 0px" align="center"><font color="#000000"><u><font style="COLOR: #000000" color="#000000">SIGNATURE</font></u></font></p>

        <p title="EE+ Page Header"></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font color="#000000"><font style="COLOR: #000000" color="#000000">&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></font></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">&nbsp;</p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 24pt; TEXT-ALIGN: center"></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 3.07%; TEXT-INDENT: -3.07%; TEXT-ALIGN: left"></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 3.07%; TEXT-INDENT: -3.07%; TEXT-ALIGN: left"></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 24pt" align="left"></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt" align="left"></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: right"></p>

        <p title="EE+ Page Header"></p>

        <p title="EE+ Page Header"></p>

        <p title="EE+ Page Header"></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; LINE-HEIGHT: 150%"></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="80%" border="0">
            <tr valign="top">
                <td width="689">
                </td>

                <td colspan="2">
                    <p><font color="#000000">ELBIT SYSTEMS LTD.<br>
                    (Registrant)<br>
                    <u><br>
                    </u>&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
                </td>
            </tr>

            <tr>
                <td width="689">
                </td>

                <td width="55">By:</td>

                <td style="BORDER-BOTTOM: black 1px solid" width="308">&nbsp;/s/ Ronit Zmiri</td>
            </tr>

            <tr>
                <td width="689">
                </td>

                <td width="55">Name:&nbsp;</td>

                <td width="308">Ronit Zmiri</td>
            </tr>

            <tr>
                <td width="689">
                </td>

                <td width="55">Title:&nbsp;&nbsp;</td>

                <td width="308">Corporate Secretary</td>
            </tr>
        </table>
        <br>
        <br>
        <br>
        <br>
        <br>

        <p title="EE+ Page Header"><br>
        <font color="#000000">Dated:&nbsp;October 28, 2008</font></p>

        <div title="EE+ Page Header">
            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr width="100%" noshade>
            </div>
        </div>

        <p title="EE+ Page Header" align="center"><font size="2"><br>
        <!-- PAGE BREAK  --><!-- EEDocs PBStart--></font><font color="#000000"><b><u><font style="COLOR: #000000" color="#000000">EXHIBIT INDEX<br>
        </font></u></b></font></p>

        <p title="EE+ Page Header"></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 24pt; TEXT-ALIGN: center"></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 3.07%; TEXT-INDENT: -3.07%; TEXT-ALIGN: left"></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 3.07%; TEXT-INDENT: -3.07%; TEXT-ALIGN: left"></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 12pt; MARGIN-BOTTOM: 24pt" align="left"></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt" align="left"></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: right"></p>

        <p title="EE+ Page Header"></p>

        <p title="EE+ Page Header"></p>

        <p title="EE+ Page Header"></p>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; LINE-HEIGHT: 150%"></p>

        <div title="EE+ Page Header">
            <table style="MARGIN-LEFT: 0.2in" cellspacing="0" cellpadding="0" width="700" border="0">
                <tr>
                    <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="114">
                        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><b><u><font style="COLOR: #000000" color="#000000">Exhibit No.<br>
                        </font></u></b></p>
                    </td>

                    <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="499">
                        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><b><u><font style="COLOR: #000000" color="#000000">Description</font></u></b></p>

                        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">&nbsp;</p>

                        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="114">
                        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="COLOR: #000000" color="#000000">1.</font></p>
                    </td>

                    <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="499">
                        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">Press Release dated&nbsp;October 28, 2008.</p>

                        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">&nbsp;</p>
                    </td>
                </tr>
            </table>
        </div>

        <div title="EE+ Page Header">
            <br>
            <br>
        </div>

        <p title="EE+ Page Header" style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; LINE-HEIGHT: 150%">&nbsp;</p>

        <div title="EE+ Page Header">
            <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
                <hr width="100%" noshade>
            </div>
        </div>

        <p align="right">&nbsp;</p>

        <p align="right"><strong><font color="#000000" size="2">Exhibit 1</font></strong></p>

        <div title="EE+ Page Header">
            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"></p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: left"><img src="img1.gif"><br>
            </p>

            <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left"></p>
        </div>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>

        <p style="MARGIN-TOP: 5pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><b><font style="FONT-SIZE: 20pt; FONT-FAMILY: 'ARIAL'">Elbit Systems Signs Agreement</font></b> <b><font style="FONT-SIZE: 20pt; FONT-FAMILY: 'ARIAL'">to Purchase a Minority Interest in Azimuth</font></b></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 12pt; FONT-FAMILY: 'ARIAL'">Haifa, Israel, October 28, 2008 - Elbit Systems Ltd. (NASDAQ: ESLT) ("Elbit Systems") announced that on October 27, 2008 it signed an agreement (the "Purchase Agreement") to purchase a minority interest in Azimuth Technologies Ltd. ("Azimuth"). Azimuth is an Israeli company whose shares are traded on the Tel Aviv Stock
        Exchange ("TASE") and is engaged in the development and sale of</font> <font style="FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: 'ARIAL'">products for target acquisition, navigation and orientation for the defens</font><font style="FONT-SIZE: 12pt; FONT-FAMILY: 'ARIAL'">e market. Under the Purchase Agreement, Elbit Systems will purchase from certain minority shareholders of Azimuth 13,739,400 shares, representing approximately 19.48% of Azimuth's voting shares on a non-fully diluted
        basis, for a price of U.S. $0.25 (twenty-five cents) per share.</font></p>

        <p></p>

        <p style="MARGIN-TOP: 5pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 5pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-FAMILY: 'ARIAL'">The closing of the purchase is subject to various conditions which must be fulfilled within 30 days of the signing of the Purchase Agreement. In addition, either Elbit Systems or the sellers have the right to terminate the Purchase Agreement prior to closing if the average price of Azimuth shares on the TASE rises above or falls below
        agreed upon high or low prices during a period of 14 consecutive trading days. Subject to the closing under the Purchase Agreement, Azimuth's controlling shareholder, S. Reisman Ltd., has committed to Elbit Systems to vote for one Elbit Systems nominee to Azimuth's Board of Directors, as long as Elbit Systems maintains certain specified shareholding levels in Azimuth. Such commitment by Azimuth's controlling shareholder was made without consideration or a reciprocal commitment being
        provided by Elbit Systems to the controlling shareholder.</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><b><u><font style="FONT-SIZE: 12pt; FONT-FAMILY: 'ARIAL'">About Elbit Systems</font></u></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-SIZE: 12pt; COLOR: #000000; FONT-FAMILY: 'ARIAL'">Elbit Systems Ltd. is an international defense electronics company engaged in a wide range of defense-related programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence
        surveillance and reconnaissance ("C4ISR"), unmanned air vehicle (UAV) systems, advanced electro-optics, electro-optic space systems, EW suites, airborne warning systems, ELINT systems, data links and military communications systems and radios.&nbsp;The Company also focuses on the upgrading of existing military platforms and developing new technologies for defense, homeland security and commercial aviation applications.</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><b><u><font style="FONT-SIZE: 12pt; FONT-FAMILY: 'ARIAL'">Contacts:</font></u></b></p>

        <p></p>

        <table cellspacing="0" cellpadding="0" width="800" border="0">
            <tr>
                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="494">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 12pt; FONT-FAMILY: 'ARIAL'">Company Contact:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 12pt; FONT-FAMILY: 'ARIAL'">Joseph Gaspar, Executive VP &amp; CFO<br>
                    Dalia Rosen, Head of Corporate Communications<br>
                    Elbit Systems Ltd</font></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 12pt; FONT-FAMILY: 'ARIAL'">Tel: +972-4-8316663</font></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 12pt; FONT-FAMILY: 'ARIAL'">Fax: +972-4-8316944<br>
                    E-mail:</font> <u><font style="FONT-SIZE: 12pt; COLOR: #0000ff; FONT-FAMILY: 'ARIAL'">gspr@elbitsystems.com</font></u></p>

                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 12pt; COLOR: #0000ff; FONT-FAMILY: 'ARIAL'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>dalia.rosen@elbitsystems.com</u></font></p>
                </td>

                <td style="PADDING-RIGHT: 0.07in; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" valign="top" width="306">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left"><font style="FONT-SIZE: 12pt; FONT-FAMILY: 'ARIAL'">IR Contact:<br>
                    Ehud Helft / Kenny Green<br>
                    &nbsp;<br>
                    G.K. Investor Relations<br>
                    Tel: 1-646-201-9246<br>
                    E-mail:</font> <u><font style="FONT-SIZE: 12pt; COLOR: #0000ff; FONT-FAMILY: 'ARIAL'">info@gkir.com</font></u></p>
                </td>
            </tr>
        </table>
        <br>
        <br>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify"><font style="FONT-FAMILY: 'ARIAL'">This press release contains forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current fact.
        Forward Looking Statements are based on management&rsquo;s expectations, estimates, projections and assumptions. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results, performance and trends may differ materially from these
        forward-looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; differences in anticipated and actual program performance, including the ability to perform under long-term
        fixed-price contracts; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.&rsquo;s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date of this release. The Company does not undertake to update its forward-looking statements.</font></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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