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 2003
-----------------------
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 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
Attached hereto as Exhibit 1 and incorporated herein by reference is
the Registrant's press release dated April 1, 2003.
Attached hereto as Exhibit 2 and incorporated herein by reference is
the Registrant's press release dated April 8, 2003.
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/ Arie Tal
--------------------------
Name: Arie Tal
Title: Corporate Secretary
Dated: May 1, 2003.
EXHIBIT INDEX
-------------
Exhibit No. Description
----------- -----------
1. Press release dated April 1, 2003.
2. Press release dated April 8, 2003.
EXHIBIT 1
---------
Elbit Systems Subsidiary VSI Awarded $60.1 Million Contract
For Joint Helmet-Mounted Cueing Systems (JHMCS)
Tuesday April 1, 8:13 am ET
HAIFA, Israel, April 1 /PRNewswire-FirstCall/ -- Elbit Systems Ltd. (Nasdaq:
ESLT - News), today announced that its subsidiary, Vision Systems International
LLC (VSI), jointly owned with Rockwell Collins and a leader in advanced Helmet
Mounted Display technology, has been awarded a $60.1 million contract from
Boeing, St. Louis for the delivery of more than 300 Joint Helmet-Mounted Cueing
Systems (JHMCS). The systems are due to be supplied within 18 months.
The JHMCS was developed by VSI under previous contracts with Boeing. Under the
new contract, VSI will provide JHMCS display systems plus spares for the LRIP 3
(Low Rate Initial Production) acquisition. This procurement will fill domestic
and FMS production commitments and retrofit obligations on the F-15, F-16 and
F/A-18. VSI is expecting a Full Rate Production (FRP) award later this year.
"This award is a testament to both the revolutionary capabilities JHMCS provides
fighter planes and to dedication to the successful program by our industry
partners and customers," stated Ken Stansell, President of VSI.
"This latest contract from Boeing further reinforces VSI's leadership in
advanced helmet mounted cueing systems," Mr. Stansell concluded.
About VSI
---------
VSI, a joint venture between EFW Inc. a subsidiary of Elbit Systems Ltd. (ESLT)
and Rockwell Collins, Inc. (COL), was formed in 1996 to pursue fixed wing
helmet-mounted display (HMD) opportunities worldwide. In addition to the JHMCS,
VSI is in development on the advanced helmet mounted display for the F- 35 (JSF)
and in final development on the DASH (Display and Sight Helmet) Generation IV
HMD under multiple contracts to Lockheed Martin.
About Elbit Systems Ltd.
------------------------
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) and advanced electro-optic technologies. The Company
focuses on the upgrading of existing military platforms and developing new
technologies for defense applications.
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.
-2-
EXHIBIT 2
---------
Elbit Systems Enters Teaming Agreement with AeroAstro
To Develop Space Systems and Components
Tuesday April 8, 6:38 am ET
HAIFA, Israel, April 8 /PRNewswire-FirstCall/ -- Elbit Systems Ltd. (Nasdaq:
ESLT - News) today announced that through its subsidiary, Elop Electro-Optics
Industries Ltd., ("El-Op") the Company has entered into a teaming agreement with
AeroAstro, Inc., a leading small satellite technology company for the
development of advanced micro and nano space systems and components, with a
special focus on remote sensing and optical systems.
With the teaming agreement between the two companies in place, an equity
investment by Elbit Systems for a minority share of AeroAstro is anticipated to
be concluded as soon as regulatory authority is obtained.
Since its inception in 1988, AeroAstro has been a leading developer and
proponent of small, low-cost spacecraft. As component size, mass, power and cost
continue to shrink, AeroAstro has pioneered new small satellite applications in
astrophysics, communications and technology development and verification.
Over the last decade Elbit Systems, through El-Op, has demonstrated its ability
to create highly capable optical systems for space research, earth imagery and
other remote sensing applications, which are compatible - in terms of mass,
volume and power consumption, as well as budget - with highly efficient micro
and nano spacecraft. As microspace grows and matures, its market continues to
evolve, and the Elbit Systems/AeroAstro team is addressing the ever-changing
needs of these customers.
Dr. David Stavitsky, Chief Scientist of Elbit Systems', noted: "By forging a
close working relationship, Elbit Systems and AeroAstro can now provide end-
to-end on-orbit solutions across a variety of space applications, particularly
in remote sensing. Rather than force-fitting an existing payload design into a
previously designed spacecraft bus, this team provides a completely integrated
solution, yielding high performance in small, light, inexpensive and reliable
products."
Dr. Rick Fleeter, the CEO of AeroAstro, said, "The future of microspace will be
in part, built on providing cost-effective results to new users worldwide. The
Elbit Systems/AeroAstro team has the reach and expertise to bring the benefits
of space to the increasingly diverse user community. As these new participants
bring their needs to space, they will spur development of new, advanced space
systems capabilities and architectures. Elbit Systems and AeroAstro, the only
team in microspace combining leaders in payload and space systems, is uniquely
positioned to work with users to pioneer the next generation of single and
multiple spacecraft solutions."
-3-
About AeroAstro
---------------
AeroAstro, a pioneer of micro and nano spacecraft applications in science,
remote sensing, and communications, is a leader in innovative small satellite
applications that open the space frontier to a larger and more varied
constituency. AeroAstro manufactures low-cost satellite systems and components,
used in its own spacecraft and for spacecraft development in the US and abroad.
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 information (C4I) Intelligence, Surveillance and Reconnaissance (ISR)
Unmanned Airborne Vehicles, Security Systems and advanced electro-optic
technologies for space, airborne, ground and naval applications.
Contacts:
Arie Tal, Corporate Secretary Marilena LaRosa
Ilan Pacholder, VP Finance The Anne McBride Company,
Elbit Systems Ltd. Investor Relations
Tel: 972-4 831-6632 Tel: 212-983-1702
Fax: 972-4 831-6659 Fax: 212-983-1736
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.
-4-