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 March 2005
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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 by reference herein is
the Registrant's press release, dated March 27, 2005.
SIGNATURE
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: March 28, 2005
EXHIBIT NO. DESCRIPTION
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1. Press release, dated March 27, 2005.
EXHIBIT A
ELBIT SYSTEMS COMPLETES THE ACQUISITION OF THE ASSETS OF ISRAEL
MILITARY INDUSTRIES' AIRCRAFT SYSTEMS DIVISION
HAIFA, ISRAEL, MARCH 27, 2005 - ELBIT SYSTEMS LTD. (NASDAQ: ESLT) announced
today, further to its announcment dated January 4, 2004, that its wholly-owned
subsidiary Cyclone Aviation Products Ltd. ("Cyclone") completed today the
acquisition of the assets of Israel Military Industries Ltd. ("IMI") Aircraft
Systems Division (the "Aircraft Division") in Tirat Hacarmel, Israel for the
price of approximately $7 million, a portion of which will be paid in cash and
the balance through assumption of obligations of the Aircraft Division. The
final purchase price is subject to adjustments. The transaction will be made
through a wholly-owned subsidiary of Cyclone.
The transaction was made possible following the signature of an agreement among
the Israel Treasury Ministry, representatives of the employees, IMI and Cyclone,
relating to the severance conditions of the Aircraft Division's employees.
The Aircraft Division manufactures weapon pylons and external fuel tanks for
fighter aircraft. The Aircraft Division's customers include the Israel Ministry
of Defense, the U.S. Department of Defense, U.S. aircraft manufacturers and
other customers worldwide. The Aircraft Division's revenues in 2004 were
approximately $8 million.
Cyclone, located near Karmiel, Israel, is engaged in the development and
manufacturing of structural assemblies for civil and military aircraft and in
maintenance services for helicopters and aircraft. Cyclone employs approximately
350 employees.
Elbit Systems' President and CEO, Joseph Ackerman, stated: "The acquisition of
the activities of IMI's Aircraft Systems Division, constitutes an important step
for Elbit Systems in the realization of our strategy to participate in the
privatization process in Israel and a further milestone in the process of
consolidation of the Israeli defense industries."
ABOUT ELBIT SYSTEMS
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, Corporate Secretary and Ehud Helft/Kenny Green
VP Finance & Capital Markets
Elbit Systems Ltd. GK INTERNATIONAL
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
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.