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 August 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 herein by reference is
the Registrant's press release dated August 25, 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: August 25, 2005
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
1. Press release dated August 25, 2005.
EXHIBIT 1
ELBIT SYSTEMS COMPLETES SECOND STAGE OF PURCHASE OF
TADIRAN COMMUNICATIONS' SHARES
ELBIT SYSTEMS REACHED HOLDINGS OF APPROXIMATELY 26% IN TADIRAN COMMUNICATIONS
KOOR PURCHASED FROM FEDERMANN ENTERPRISES AN ADDITIONAL 2.45 % OF
ELBIT SYSTEMS' SHARES
JOSEPH ACKERMAN APPOINTED AS CHAIRMAN OF TADIRAN COMMUNICATIONS
HAIFA, ISRAEL, AUGUST 25, 2005 ELBIT SYSTEMS LTD. (NASDAQ: ESLT), ("Elbit
Systems") announced that it completed today the second stage of the transaction
to purchase shares of Tadiran Communications Ltd. ("Tadiran Communications")
from Koor Industries Ltd. ("Koor"). The second stage of the transaction was
completed after all the conditions precedent for this stage were obtained.
According to the amended transaction agreements, which were approved by the
Company's shareholders at an Extraordinary Shareholders Meeting held on August
23, 2005, as reported yesterday, Elbit Systems purchased from Koor, in this
stage, 5% of the share equity of Tadiran Communications. Including the shares
previously purchased by Elbit Systems in the transaction's first stage and on
the stock market, Elbit Systems now holds approximately 26% of Tadiran
Communications' shares.
Also, today, Koor completed the purchase of an additional approximately 2.45% of
Elbit Systems' share equity from the Federmann Group, bringing Koor's total
holdings in Elbit Systems to approximately 7.8%.
In conjunction with the above mentioned share purchases, Mr. Alon Domanis was
appointed as a director to Tadiran Communications' board, and Mr. Israel (Izzy)
Tapoohi was appointed as a director to Elbit Systems' board. Mr. Domanis and Mr.
Tapoohi each respectively meet the applicable criteria for independent
directors. In addition, Mr. Joseph Ackerman, Elbit Systems' President and CEO
was appointed as Chairman of Tadiran Communications' board of directors.
Elbit Systems purchased Tadiran Communications shares from Koor in consideration
for approximately $23 million. Koor purchased from the Federmann Group Elbit
Systems' shares in consideration for approximately $25 million.
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
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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.