<SEC-DOCUMENT>0001178913-26-001307.txt : 20260318
<SEC-HEADER>0001178913-26-001307.hdr.sgml : 20260318
<ACCEPTANCE-DATETIME>20260318133039
ACCESSION NUMBER:		0001178913-26-001307
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20260318
FILED AS OF DATE:		20260318
DATE AS OF CHANGE:		20260318

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Kagan Yaacov Shimon
		CENTRAL INDEX KEY:			0002108891
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-28998
		FILM NUMBER:		26767726

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		ADVANCED TECHNOLOGY CENTER
		STREET 2:		AT ELBIT SYSTEMS LTD.
		CITY:			HAIFA
		PROVINCE COUNTRY:   	L3
		ZIP:			3100401

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ELBIT SYSTEMS LTD
		CENTRAL INDEX KEY:			0001027664
		STANDARD INDUSTRIAL CLASSIFICATION:	AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC [3728]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	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>
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<ownershipDocument>

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    <documentType>3</documentType>

    <periodOfReport>2026-03-18</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001027664</issuerCik>
        <issuerName>ELBIT SYSTEMS LTD</issuerName>
        <issuerTradingSymbol>ESLT</issuerTradingSymbol>
        <issuerForeignTradingSymbol>ESLT</issuerForeignTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002108891</rptOwnerCik>
            <rptOwnerName>Kagan Yaacov Shimon</rptOwnerName>
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            <rptOwnerNonUSAddressFlag>true</rptOwnerNonUSAddressFlag>
            <rptOwnerStreet1>ADVANCED TECHNOLOGY CENTER PO BOX 539</rptOwnerStreet1>
            <rptOwnerStreet2>AT ELBIT SYSTEMS LTD.</rptOwnerStreet2>
            <rptOwnerCity>HAIFA</rptOwnerCity>
            <rptOwnerNonUSStateTerritory></rptOwnerNonUSStateTerritory>
            <rptOwnerCountry>L3</rptOwnerCountry>
            <rptOwnerZipCode>3100401</rptOwnerZipCode>
            <rptOwnerStateDescription>ISRAEL</rptOwnerStateDescription>
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            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Executive Vice President, CFO</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Employee Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>216.53</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2027-12-14</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Ordinary Shares</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>12000</value>
                    <footnoteId id="F2"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
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                    <value>I</value>
                    <footnoteId id="F3"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Held in an employee benefit trust by IBI Trust Management</value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Employee Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>197.82</value>
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            <exerciseDate>
                <footnoteId id="F4"/>
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            <expirationDate>
                <value>2028-12-19</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Ordinary Shares</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>60000</value>
                    <footnoteId id="F2"/>
                </underlyingSecurityShares>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F3"/>
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                <natureOfOwnership>
                    <value>Held in an employee benefit trust by IBI Trust Management</value>
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    <footnotes>
        <footnote id="F1">Dr. Kagan received a grant of options on September 14, 2022, 60% of which has vested and become exercisable. The remaining 40% will vest in two tranches: 20% on September 14, 2026 and 20% on September 14, 2027.</footnote>
        <footnote id="F2">Unless otherwise determined by the option plans' administrators, a net exercise mechanism will be used with respect to the options, which entitles Dr. Kagan to exercise the options for a number of shares determined based on the excess, if any, of the fair market value of the shares underlying such options minus the exercise price of such options, calculated based on the date of exercise. Therefore, the number of shares actually received by Dr. Kagan following any exercise of options will likely be fewer than the number of shares subject to the options.</footnote>
        <footnote id="F3">Dr. Kagan's options are held in trust in accordance with the terms of his award agreement and the option plan under which they were granted. Dr. Kagan is the sole beneficiary of the options.</footnote>
        <footnote id="F4">Dr. Kagan received a grant of options on September 19, 2024, which vests and becomes exercisable in three tranches: 40% on September 19, 2026, 30% on September 19, 2027, and 30% on September 19, 2028.</footnote>
    </footnotes>

    <remarks>Exhibit 24 - Power of Attorney</remarks>

    <ownerSignature>
        <signatureName>/s/ Adi Pinchas Confino, Attorney-in-Fact</signatureName>
        <signatureDate>2026-03-18</signatureDate>
    </ownerSignature>
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<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
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<DESCRIPTION>EXHIBIT 24
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  <div style="font-weight: bold; text-align: right;"><u>Exhibit 24<br>
    </u></div>
  <div>
    <div style="text-align: center; margin-right: 13.05pt; margin-left: 12.95pt; line-height: 1.25; font-weight: bold;">POWER OF ATTORNEY</div>
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    <div style="text-indent: 45.8pt; margin-right: 18.65pt; margin-left: 18pt; line-height: 1.25;">Know all by these presents, that the undersigned hereby constitutes and appoints each of Adi Pinchas Confino, Barak Frank, Tslil Reich, Liat Gidron and
      Jonathan Ariel of Advanced Technology Center, At Elbit Systems Ltd., Haifa Israel 3100401 acting singly, and with full power of substitution or revocation, the undersigned&#8217;s true and lawful attorney-in-fact (each of such persons and their substitutes
      being referred to herein as the &#8220;Attorney-in- Fact&#8221;), with full power to act for the undersigned and in the undersigned's name, place and stead, in any and all capacities, to:</div>
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          <td style="width: 18pt; vertical-align: top;">1.</td>
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            <div>prepare, execute and submit to the SEC, and/or any national securities exchange on which Elbit Systems Ltd. (the &#8220;Company&#8221;) securities are listed, any and all reports (including any amendments thereto) the undersigned is required to file
              with the SEC under Section 16 of the Exchange Act or any rule or regulation thereunder, with respect to any security of the Company, including Forms 3, 4 and 5; and</div>
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          <td style="width: 18pt; vertical-align: top;">2.</td>
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            <div>obtain, as the undersigned's representative and on the undersigned's behalf, information regarding transactions in the Company's equity securities from any third party, including the Company and any brokers, dealers, employee benefit plan
              administrators and trustees, and the undersigned hereby authorizes any such third party to release any such information to the Attorney-in-Fact.</div>
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    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; margin-left: 63.8pt; line-height: 1.25;">The undersigned acknowledges that:</div>
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          <td style="width: 18pt; vertical-align: top;">1.</td>
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            <div>This Power of Attorney authorizes, but does not require, the Attorney-in-Fact to act in his or her discretion on information provided to such Attorney-in-Fact without independent verification of such information;</div>
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          <td style="width: 18pt; vertical-align: top;">2.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div>Any documents prepared or executed by the Attorney-in-Fact on behalf of the undersigned pursuant to this Power of Attorney will be in such form and will contain such information as the Attorney-in-Fact, in his or her discretion, deems
              necessary or desirable;</div>
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    <div style="line-height: 1.25">&#160;</div>
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          <td style="width: 18pt; vertical-align: top;">3.</td>
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            <div>Neither the Company nor the Attorney-in-Fact assumes any liability for the undersigned's responsibility to comply with the requirements of Section 16 of the Exchange Act, any liability of the undersigned for any failure to comply with such
              requirements, or any liability of the undersigned for disgorgement of profits under Section 16(b) of the Exchange Act; and</div>
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          <td style="width: 18pt; vertical-align: top;">4.</td>
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            <div>This Power of Attorney does not relieve the undersigned from responsibility for compliance with the undersigned's obligations under Section 16 of the Exchange Act, including, without limitation, the reporting requirements under Section 16
              of the Exchange Act.</div>
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    <div style="line-height: 1.25">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-right: 27.65pt; margin-left: 18pt; line-height: 1.25;">The undersigned hereby grants to the Attorney-in-Fact full power and authority to do and perform any and every act whatsoever requisite,
      necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby
      ratifying and confirming all that such Attorney- in-Fact, or such Attorney-in-Fact&#8217;s substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted.</div>
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    <div style="text-align: justify; text-indent: 36pt; margin-right: 27.65pt; margin-left: 18pt; line-height: 1.25;">This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 4 or 5 with respect
      to the undersigned's holdings of and transactions in securities of the Company, unless earlier revoked by the undersigned in a signed writing delivered to the Attorney-in-Fact. This Power of Attorney revokes all previous powers of attorney with
      respect to the subject matter of this Power of Attorney.</div>
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    <div style="margin-left: 18pt; line-height: 1.25;">IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney as of March 1<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">st</sup>, 2026.</div>
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      <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 27.65pt 0pt 0.25in"><u>/s/ Yaacov Shimon Kagan</u></p>
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