SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the Month of June 2004
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ELBIT SYSTEMS LTD.
(Translation of Registrant's Name into English)
Advanced Technology Center, P.O.B. 539, Haifa 31053, Israel
(Address of Principal Corporate Offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F:
|X| Form 20-F |_| Form 40-F
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): |_|
Note: 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.
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): |_|
Note: 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's "home country"), or under the rules of the home
country exchange on which the registrant'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'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.
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:
|_| Yes |X| No
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-______________
Attached hereto as Exhibit 1 and incorporated herein by reference is
the Registrant's press release, dated June 2, 2004.
SIGNATURE
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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.
ELBIT SYSTEMS LTD.
(Registrant)
By: /s/ Ilan Pacholder
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Name: Ilan Pacholder
Title: Corporate Secretary
Dated: June 4, 2004
EXHIBIT INDEX
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Exhibit No. Description
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1. Press Release, dated June 2, 2004.
EXHIBIT 1
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ELBIT SYSTEMS WINS CONTRACT FROM ISRAELI MINISTRY OF DEFENSE TO OPERATE
AND MAINTAIN THE HELICOPTERS OF THE ISRAEL AIR FORCE FLIGHT SCHOOL
CONTRACT VALUED AT APPROXIMATELY $40 MILLION
TO BE PERFORMED OVER A TEN-YEAR PERIOD
Haifa, Israel, June 2, 2004- Elbit Systems Ltd.( NASDAQ: ESLT) announced that it
was awarded, through its wholly owned subsidiary Cyclone Aviation Products
Ltd. ("Cyclone"), a ten-year contract from the Israeli Ministry of Defense for
the operation and maintenance of the helicopters of the Israel Air Force ("IAF")
Flight School. Under the contract, which will be executed by providing flight
hours ("Power by the Hour"), Cyclone will provide full maintenance services to
the IAF Bell 206 and Cobra AH-1A helicopters. The contract is valued at
approximately $40 million. Cyclone has recruited approximately 30 specialists
who are experienced in the maintenance of these IAF helicopters.
The maintenance and full logistic support of the IAF Flight School helicopters
are being transferred from the IAF to Cyclone as part of the IAF process of
outsourcing and privatization of various services. The service and support
activities to be performed by Cyclone under the new contract are in line with
other outsourcing services being performed by Elbit Systems for the IAF. Elbit
Systems is currently operating the "Snunit" GROB 120I trainer aircraft for the
IAF Flight School. The "Snunit" program is a Private Finance Initiative (PFI)
contract, under which the trainer aircraft are owned and fully maintained by
Elbit Systems. The "Snunit" trainers have already accumulated thousands of
operational hours in the service of the IAF Flight School.
Joseph Ackerman, President and CEO of Elbit Systems, commented:
"The contract for the maintenance and support of the IAF Flight School
helicopters is an additional important milestone in the realization of Elbit
Systems' strategy to expand its activities in the area of maintenance, support
and operation services, in Israel and worldwide."
About Elbit Systems
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Elbit Systems Ltd. is an international defense electronics company engaged in a
wide range of defense-related programs throughout the world, in the areas of
aerospace, land and naval systems, command, control, communications, computers,
intelligence, surveillance and reconnaissance ("C4ISR"), advanced electro-optic
and space technologies. The Company focuses on the upgrading of existing
military platforms and developing new technologies for defense and homeland
security applications.
For more about Elbit Systems, please visit our website at www.elbitsystems.com
Contacts
Company contact IR Contacts
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Ilan Pacholder, VP Finance Ehud Helft/Kenny Green
Elbit Systems Ltd Gelbart Kahana
Tel: 972-4 831-6632 Tel: 1-866-704-6710
Fax: 972-4 831-6659 Fax: 972-3-607-4711
Pacholder@elbit.co.il ehud@gk-biz.com
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kenny@ gk-biz.com
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'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'S PERIODIC FILINGS WITH THE
SECURITIES AND EXCHANGE COMMISSION.