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 January 2006

                             -----------------------

                               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 2006.

                                    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:  January 23, 2006






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

    1.                     Press release dated January 2006.






                                    EXHIBIT 1

                  ELBIT SYSTEMS TO SUPPLY IAF F-16I SIMULATOR
                    SYSTEM TO THE ISRAEL MINISTRY OF DEFENSE

Haifa, Israel,  January, 2006 - Elbit Systems Ltd. (NASDAQ: ESLT) reported today
that it will  supply  the  Israeli  Ministry  of  Defense  (IMOD)  the  avionics
simulation  system for the Israel Air Force F-16I Sufa aircrew flight and system
trainer. Elbit's share in the development of the trainer amounts to $10 million.

Elbit-developed avionics systems will use the actual F-16 avionics boxes for the
trainers.  BVR Systems,  acting as a sub-contractor  for Elbit,  will supply the
visual display and cockpit simulators.  The avionics,  displays and cockpit will
then be provided to U.S.  tactical  aircraft  simulation  and  training  systems
specialist  Lockheed  Martin for final overall  trainer  integration and testing
prior to  installation  in Israel.  Lockheed Martin has received a separate IMOD
contract for their work on the F-16I flight and systems trainer.

Elbit Systems has  previously  been selected to supply the core avionic  systems
for the Israeli Air Force's F-16I  aircraft.  These systems  include the Display
and Sight Helmet (DASH),  mission  computer  systems,  head-up display  systems,
display processors and digital maps as well as stores management systems. 

Joseph Ackerman,  President and CEO of Elbit Systems,  said that the contract to
supply a  simulator  for the IAF's most  advanced  combat  aircraft,  the F-16I,
further  strengthens  Elbit  System's  position  as a  leading  company  in  the
simulator  field in general  and in the  flight  simulator  area in  particular.
According to Ackerman, in order to achieve better efficiency in defense budgets,
there is a wider global  demand for use of  simulators,  which enable air forces
and other defense force  branches to achieve  better  performance  with the same
level of training-hours.

Elbit Systems  operates within the simulator market and supplies systems for all
types of platforms, including those for air, land and naval applications.  Elbit
Systems  utilizes  its  advanced  technological  capabilities,  particularly  in
developing  software for complex system programs,  and its global  leadership in
upgrading  defense  platforms,  and has already supplied  simulation  systems to
various customers around the world.





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.

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.