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 January 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 January 5, 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: January 5, 2004
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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1. Press release dated January 5, 2004.
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EXHIBIT 1
The Elbit Systems Group Acquires the Business Activities of the Aircraft Systems
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Division of Israel Military Industries
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HAIFA, ISRAEL, JANUARY 5, 2004 - ELBIT SYSTEMS LTD. (NASDAQ: ESLT) announced
today that its wholly owned subsidiary Cyclone Aviation Products Ltd.
("Cyclone") has signed an agreement for the acquisition of the business
activities of the Aircraft Systems Division of Israel Military Industries Ltd.
("IMI") in Tirat Hacarmel, Israel for the price of approximately $7.5 million,
subject to accounting adjustments.
The Aircraft Systems Division of IMI manufactures weapon pylons and external
fuel tanks for fighter aircraft. The customers of the Aircraft Systems Division
include the Israel Ministry of Defense, the U.S. Department of Defense, U.S.
aviation companies and other customers worldwide. The revenues of the Aircraft
Systems Division in 2003 were approximately $14 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.
Pursuant to the acquisition, the business and operational activities of the
Aircraft Systems Division will be integrated with Cyclone's activities.
The acquisition agreement was signed by the parties and the completion of the
transaction is subject to conclusion of arrangements with the employees'
representatives and the Finance Ministry and receipt of all approvals required
by law.
ABOUT IMI
Israel Military Industries Ltd. is a government owned company, which specializes
in the development, manufacturing and deployment of a wide range of
state-of-the-art combat-ready solutions. Export constitutes 60% of IMI's annual
sales. IMI's customers include the Israel Ministry of Defense and armed forces
worldwide.
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, ground and naval systems, command, control, communications, computers
and intelligence (C4I), 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.
Contacts:
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
Pacholder@elbit.co.il mlarosa@annemcbride.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.