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 April 2005
_______________________
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 April 18, 2005.
Attached hereto as Exhibit 2 and incorporated by reference herein is
the Registrant's press release, dated April 18, 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
------------------------------------
Name: Ilan Pacholder
Title: Corporate Secretary
Dated: April 18, 2005
EXHIBIT NO. DESCRIPTION
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1. Press release, dated April 18, 2005.
2. Press release, dated April 18, 2005.
EXHIBIT 1
FIRST STAGE OF THE TADIRAN COMMUNICATIONS SHARES PURCHASE BY
ELBIT SYSTEMS COMPLETED
ELBIT SYSTEMS REACHED HOLDINGS OF APPROXIMATELY 20% OF TADIRAN
COMMUNICATIONS SHARES
KOOR PURCHASED FROM FEDERMANN ENGERPRISES APPROXIMATELY 5.3% OF ELBIT SYSTEMS
HAIFA, ISRAEL, APRIL 18, 2005 ELBIT SYSTEMS LTD. (NASDAQ: ESLT), ("Elbit
Systems") announced, further to its announcement of December 27, 2004, that it
completed the first stage of the transaction to purchase shares of Tadiran
Communications Ltd. ("Tadiran Communications") from Koor Industries Ltd.
("Koor"). The first stage of the transaction was completed after all the
conditions precedent and all the required approvals for this stage were
obtained.
According to the transaction agreements, Elbit Systems purchased from Koor, in
this stage, approximately 13.7% of the share equity of Tadiran Communications.
In addition to the shares previously purchased by Elbit Systems in the stock
market, it now holds approximately 20% of Tadiran Communications' shares. Koor
purchased approximately 5.3% of Elbit Systems' share equity from the Federmann
Group.
Upon completion of the first stage of the transaction, three members at Tadiran
Communications' board of directors were appointed: Joseph Ackerman, Elbit
Systems' President, and two of Elbit Systems' Vice Presidents, Joseph Gasper and
Jacob Gadot. Also, Jonathan Kolber, CEO of Koor, was appointed as a member of
Elbit Systems' board of directors.
Elbit Systems purchased Tadiran Communications shares from Koor in consideration
for approximately $62.5 million. Koor purchased from the Federmann Group Elbit
Systems' shares in consideration for approximately $53.2 million.
The parties are continuing towards completion of the transaction, and therefore
agreed that to the extent necessary, the time schedule for the completion of the
second stage will be extended by up to four months.
Michael Federmann, Chairman of Elbit Systems, Joseph Ackerman, President and CEO
of Elbit Systems, Jonathan Kolber, CEO of Koor, and Danny Biran, President of
Koor, said: "We are pleased with the completion of the first stage of this
strategic transaction. We are sure that all the parties involved will contribute
their best efforts in order to complete the transaction for the benefit of the
Israeli defense industry, Elbit Systems, Koor and Tadiran Communications."
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
Ilan Pacholder, Corporate Secretary and VP Ehud Helft/Kenny Green
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
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kenny@gk-biz.com
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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.
EXHIBIT 2
JOINT PARTNERSHIP BETWEEN ELBIT SYSTEMS AND IAI IN TURKEY
HAIFA, ISRAEL, APRIL 18, 2005 ELBIT SYSTEMS LTD. (NASDAQ: ESLT), ("Elbit
Systems") announced, following media publicity on the subject today in Israel
and abroad, that a partnership equally owned by Elbit Systems and Israel
Aircraft Industries (IAI) signed an agreement to conduct a project with a local
company, for the Turkish Army. The agreement's validity is subject to the
fulfillment of further conditions.
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
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.