Property, Plant And Equipment, Net

12 Months Ended

Dec. 31, 2012

Property, Plant And Equipment, Net [Abstract]

Note 10 - PROPERTY, PLANT AND EQUIPMENT, NET


	December 31,
	2012			2011
Cost (1):
Land, buildings and leasehold improvements (2)	$	373,286		$	361,246
Instruments, machinery and equipment (3)		641,911			629,290
Office furniture and other		95,080			76,939
Motor vehicles and airplanes		133,467			131,106
		1,243,744			1,198,581
Accumulated depreciation		(742,458	)		(680,973	)
Depreciated cost	$	501,286		$	517,608

Depreciation expenses for the years ended December 31, 2012, 2011 and 2010 amounted to $89,551, $93,666 and $84,412, respectively.

(1)

Net of investment grants received (mainly for instruments, machinery and equipment) in the amounts of $36,990 and $29,367 as of December 31, 2012 and 2011, respectively.

(2)

Set forth below is additional information regarding the real estate owned or leased by the Company (in square feet):


	Israel (a)		U.S. (b)		Other Countries (c)
Owned		2,158,000		710,000		891,000
Leased		1,896,000		631,000		303,000

(a)

Includes offices, development and engineering facilities, manufacturing facilities, maintenance facilities, hangar facilities and a landing strip in various locations in Israel used by Elbit Systems' Israeli subsidiaries.

(b)

Includes offices, development and engineering facilities, manufacturing facilities and maintenance facilities of Elbit Systems of America primarily in Texas, New Hampshire, Florida, Alabama and Virginia.

(c)

Includes offices, design and engineering facilities and manufacturing facilities, mainly in Europe, Brazil, Australia and Asia.

(3)

Includes equipment produced by the Company for its own use in the aggregate amount of $239,758 and $173,649 as of December 31, 2012 and 2011, respectively.

As for pledges of assets – see Note 20(I).

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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