Elbit Systems Ltd - Report of Foreign Issuer (6-K)
December 05 2007 - 12:40PM
Edgar (US Regulatory)
UNITED STATES
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
Dec
ember
2007
_______________________
Commission File Number
000-28998
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
o
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):
o
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):
o
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:
o
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
December
2, 2007.
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.
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ELBIT SYSTEMS
LTD.
(Registrant)
By:
/s/ Yaniv
Baram
Name: Yaniv Baram
Title: Corporate Secretary
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Dated: December 2, 2007
EXHIBIT INDEX
Exhibit No.
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Description
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1.
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Press Release dated
December 2, 2007.
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Exhibit 1
First agreement for Cyclone with
the US Navy:
Elbit Systems'
Subsidiary
to
Supply
Fuel Tanks
to
the
US Navy's
F-18
'
s
Signed initial contract valued at
$2.4 million out of a total estimated at approximately $60 million
Innovative
technology used to manufacture
these
Fuel
Tanks
Haifa, Israel,
December
2
,
2007 – Elbit Systems Ltd.
(NASDAQ: ESLT) announced that its subsidiary, Cyclone Aviation Products Ltd. (Cyclone), was
awarded a contract to supply the US Navy
330 gallon Fuel tanks to be
installed on its F-18's.
This contract constitutes a pivotal
marketing breakthrough for Cyclone and
the US Navy. The first phase of this
contract amounts to $2.4 million and the total value is estimated at approximately $60
million. Deliveries are scheduled
to take place between 2009 and
2013.
The 330 gallon
Fuel Tanks are manufactured in a
special coiling process (Filament Winding) designed to protect the
Fuel Tanks from possible damage that
may occur
during onboard
aircraft carrier
fires.
Yoram Shmuely, Co-General Manager of
Airborne and Helmet Systems at Elbit Systems, said, “The US Navy's decision to
select
Cyclone's Fuel Tanks for
the first time, via
tender,
reflects the trust and recognition we have established among leading customers worldwide. I
believe this contract will pave the way for further business in this fast-growing market
characterized by advanced technologies and innovative composite materials."
Cyclone's
core business is the development and
manufacture
of both metal and
composite structural assemblies for aircraft, helicopters and UAVs. The company upgrades
aircraft and performs maintenance as well as operates aircraft and helicopters such as the
Grove G-120A, in IAF's flight school, moreover,
Cyclone is also qualified as a testing
facility for light aircraft. Recently, the company opened a new product line for 600 gallon
Fuel Tanks and pylons allowing fighter jets to significantly increase their flight range.
Cyclone's customer base includes the IAF, the U.S. Air Force, the U.S Army and the U.S Navy
as well as several major aviation companies, such as Boeing,
Lockheed Martin and
Sikorsky.
For the past two years, Cyclone's CEO
has been Mr. Reuven Avraham.
About Elbit
Systems
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"), unmanned
air vehicle (UAV) systems, advanced electro-optics, electro-optic space systems, EW suites,
airborne warning systems, ELINT systems, data links and military communications systems and
radios. The Group also focuses on the upgrading of existing military platforms and
developing new technologies for defense, homeland security and commercial aviation
applications.
Contacts:
Company
Contact
:
Joseph Gaspar, Corporate VP
& CFO
Dalia Rosen, Director of
Corporate Communications
Elbit Systems Ltd
Tel: +972-4-8316663
Fax: +972-4-8316944
E-mail:
gspr@elbit.co.il
daliarosen@elbit.co.il
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IR
Contact
:
Ehud Helft / Kenny
Green
G.K. Investor
Relations
Tel:
1-646-201-9246
Fax:
+
972-3-607–4711
E-mail:
info@gkir.com
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THIS PRESS RELEASE CONTAINS
FORWARD-LOOKING STATEMENTS (WITHIN THE MEANING OF SECTION 27A OF THE SECURITIES ACT OF
1933, AS AMENDED AND SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED)
REGARDING ELBIT SYSTEMS LTD. AND/OR COMPANIES IN THE ELBIT SYSTEMS GROUP, TO THE EXTENT
SUCH STATEMENTS DO NOT RELATE TO HISTORICAL OR CURRENT FACT. FORWARD LOOKING STATEMENTS ARE
BASED ON MANAGEMENT’S EXPECTATIONS, ESTIMATES, PROJECTIONS AND ASSUMPTIONS.
FORWARD-LOOKING STATEMENTS ARE MADE PURSUANT TO THE SAFE HARBOR PROVISIONS OF THE PRIVATE
SECURITIES LITIGATION REFORM ACT OF 1995, AS AMENDED. THESE STATEMENTS ARE NOT GUARANTEES
OF FUTURE PERFORMANCE AND INVOLVE CERTAIN RISKS AND UNCERTAINTIES, WHICH ARE DIFFICULT TO
PREDICT. THEREFORE, ACTUAL FUTURE RESULTS, PERFORMANCE AND TRENDS MAY DIFFER MATERIALLY
FROM THESE FORWARD-LOOKING STATEMENTS DUE TO A VARIETY OF FACTORS, INCLUDING, WITHOUT
LIMITATION:
SCOPE AND LENGTH OF
CUSTOMER CONTRACTS;
GOVERNMENTAL
REGULATIONS AND APPROVALS;
CHANGES IN GOVERNMENTAL BUDGETING
PRIORITIES;
GENERAL MARKET,
POLITICAL AND ECONOMIC CONDITIONS IN THE COUNTRIES IN WHICH THE ELBIT SYSTEMS GROUP
OPERATES OR SELLS, INCLUDING ISRAEL AND THE UNITED STATES AMONG
OTHERS; DIFFERENCES IN ANTICIPATED AND ACTUAL PROGRAM PERFORMANCE,
INCLUDING THE ABILITY TO PERFORM UNDER LONG-TERM FIXED-PRICE CONTRACTS; AND THE OUTCOME OF
LEGAL AND/OR REGULATORY PROCEEDINGS. THE FACTORS LISTED ABOVE ARE NOT ALL-INCLUSIVE, AND
FURTHER INFORMATION IS CONTAINED IN ELBIT SYSTEMS LTD.’S LATEST ANNUAL REPORT ON FORM
20-F, WHICH IS ON FILE WITH THE U.S. SECURITIES AND EXCHANGE
COMMISSION.
ALL FORWARD-LOOKING
STATEMENTS SPEAK ONLY AS OF THE DATE OF THIS RELEASE. ELBIT SYSTEMS DOES NOT UNDERTAKE TO
UPDATE ITS FORWARD-LOOKING STATEMENTS.
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