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 February 2006
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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 February 13, 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
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Name: Ilan Pacholder
Title: Corporate Secretary
Dated: February 13, 2006
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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1. Press release dated February 13, 2006.
EXHIBIT 1
[LOGO OF ELBIT SYSTEMS LTD.]
ELBIT SYSTEMS REPORTS THE IMPACT OF CERTAIN DEVELOPMENTS ON
ITS FOURTH QUARTER 2005 FINANCIAL RESULTS
Haifa, Israel, February 13, 2006 - Elbit Systems Ltd. ("Elbit Systems")
(NASDAQ:ESLT), announced today that it expects to record in the fourth quarter
of 2005 an estimated $20 million to $25 million in costs, which relate to (i)
its acquisition of a 70% interest in Elisra Electronic Systems Ltd. ("Elisra"),
(ii) the purchase of an additional 13% interest in Tadiran Communications Ltd.
("Tadiran"), (iii) the impact of certain developments that occurred in Tadiran
during the fourth quarter of 2005 and (iv) value impairment in connection with
companies in which Elbit Systems holds a minority interest.
This announcement is further to previous Elbit Systems' announcements regarding
the potential effect of the Elisra and Tadiran share purchases (the "Share
Purchases"), and further to its announcement dated January 4, 2006 regarding the
potential impact of certain developments at Tadiran on Tadiran's fourth quarter
2005 financial results.
Approximately one-half of the above-mentioned costs relate to one-time expenses
such as in-process R&D, restructuring and write-offs of inventories and other
assets as a result of the Share Purchases. The balance of the costs relate to
Elbit Systems' share in Tadiran's loss due to the strike at Tadiran during the
fourth quarter of 2005 as well as costs attributable to value impairment
expected to be recorded in connection with companies in which Elbit Systems
holds a minority interest.
Elbit Systems is in the process of finalizing its review of the above costs, the
details of which and their overall impact on the financial results for the
fourth quarter will be reflected in its 2005 year end and fourth quarter
reports, which are planned to be released in March 2006.
ABOUT ELBIT SYSTEMS
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Elbit Systems Ltd. is an international defense electronics company engaged in a
wide range of defense-related programs throughout the world. The Elbit Systems
Group, which includes the company and its subsidiaries, operates in the areas of
aerospace, land and naval systems, command, control, communications, computers,
intelligence, surveillance and reconnaissance ("C4ISR"), advanced electro-optic
and space technologies, EW suites, airborne warning systems, ELINT systems, data
links and military communications systems and equipment. The Group also focuses
on the upgrading of existing military platforms and developing new technologies
for defense and homeland security applications.
CONTACTS
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COMPANY CONTACT IR CONTACTS
Ilan Pacholder, Corporate Secretary and VP EhudHelft/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
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.