SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                              --------------------

                                    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 September 2003
                             -----------------------

                               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 announcement dated September 8, 2003.



                                    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
                                          --------------------------------------
                                          Name:  Ilan Pacholder
                                          Title:  Corporate Secretary

Dated:  September 9, 2003.



















                                      -2-



                                  EXHIBIT INDEX
                                  -------------


    EXHIBIT NO.            DESCRIPTION
    -----------            -----------

         1.                Press release dated September 8, 2003.




















                                      -3-




                                    EXHIBIT 1
                                    ---------

      VSI, ELBIT SYSTEMS JOINT VENTURE WITH ROCKWELL COLLINS, AWARDED $84.6
         MILLION CONTRACT TO DEVELOP HELMET MOUNTED DISPLAY SYSTEM FOR
                                LOCKHEED MARTIN'S
                            F-35 JOINT STRIKE FIGHTER


HAIFA, ISRAEL, SEPTEMBER 8, 2003 -- ELBIT SYSTEMS (NASDAQ: ESLT) today announced
that Vision Systems International LLC (VSI), has been awarded an $84.6 million
contract by Lockheed Martin Fort Worth to develop VSI's advanced Helmet Mounted
Display (HMD) systems for the F-35 Joint Strike Fighter (JSF). VSI is jointly
owned by EFW Inc, a wholly owned subsidiary of Elbit Systems, and Rockwell
Collins Inc. (COL).

The HMD contract covers the JSF System Development and Demonstration (SDD) phase
and planning for low-rate initial production (LRIP) and subsequent full-rate
production phases.

Under the contract VSI will develop and deliver HMD units to support the JSF
development and integration laboratories, the JSF simulators and the JSF
flight-test platforms. Additionally, the contract includes options for
Technology Refreshment (TR) and Operational Test and Evaluation (OT&E) Spares.
Full production contracts for more than 3000 HMD systems in support of the JSF
production, are expected to follow the successful completion of the development.

"This award is a testament to both the revolutionary capabilities the VSI's HMD
offers the F-35, as well as the dedication to the success of the program from
our industry colleagues and customers," stated Ken Stansell, President of VSI.
"This latest contract demonstrates Lockheed Martin's confidence in VSI's
advanced helmet mounted display systems."

Joseph Ackerman, President and CEO of Elbit Systems commented: "The award of
this contract is one more example of VSI's growing Helmet Mounted Display (HMD)
Systems capabilities." Mr. Ackerman added that Elbit Systems is proud to
contribute to the exceptional capabilities of Lockheed Martin's F-35.


ABOUT VSI
---------

VSI, a joint venture  between EFW Inc. a subsidiary of Elbit Systems Ltd. (ESLT)
and Kaiser Electronics, a Rockwell Collins company, was formed in 1996 to pursue
fixed wing helmet-mounted display (HMD) opportunities  worldwide. In addition to
the JSF HMD, VSI is in production  on the Joint Helmet  Mounted  Cueing  Systems
(JHMCS) for US and international F-15, F-16 and F/A-18 aircraft.



ABOUT ELBIT SYSTEMS
-------------------


Elbit Systems Ltd. is an  international  electronics  company  engaged in a wide
range  of  defense-related  programs  throughout  the  world,  in the  areas  of
aerospace, ground and naval systems, command, control, communications, computers
and intelligence  (C4I),  advanced  electro-optic  and space  technologies.  The
Company focuses on the development of new  technologies for defense and homeland
security applications and upgrading of existing military platforms.



Contact:
--------

Ilan Pacholder, VP Finance                        Marilena LaRosa
Elbit Systems Ltd.                                The Anne McBride Company
Tel:  972-4 831-6632                              Tel: 212-983-1702
Fax: 972-4 831-6659                               Fax: 212-983-1736
                                                  mlarosa@annemcbride.com


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FORWARD-LOOKING STATEMENTS WHICH INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES
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DETAILED IN THE COMPANY'S PERIODIC FILINGS WITH THE SECURITIES AND EXCHANGE
COMMISSION.