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 June 2004
                             -----------------------

                               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 June 14, 2004.

                                    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:  June 15, 2004





                                  EXHIBIT INDEX
                                  -------------

Exhibit No.     Description
-----------     -----------

        1.      Press Release, dated June 14, 2004.











                                    EXHIBIT 1

            ELBIT SYSTEMS AND RAFAEL SELECTED BY ISRAEL GOVERNMENT TO
           JOINTLY DELIVER ADVANCED PROTECTION SUITE AGAINST SHOULDER-
               LAUNCHED MISSILES FOR ISRAEL'S CIVIL AIRCRAFT FLEET

Haifa, Israel, June 14, 2004 - Elbit Systems Ltd. (NASDAQ: ESLT) and RAFAEL
Armament Development Authority Ltd. announced today that RAFAEL and Elbit
Systems, through its wholly owned subsidiary Elop Electro-Optics Industries Ltd.
(El-Op), have formed a team to complete the development, manufacture and
marketing of the advanced self-protection suite against Man Portable Air Defense
Systems (MANPADS), also known as Shoulder-Launched Missiles.

The combined system is based on RAFAEL's Britening(TM) Directed Infra-Red
Counter-Measures (DIRCM) suite and on El-Op's MUSIC (Multi-Spectral Infrared
Countermeasure) system and the team will complete the system development and
engineering, already in advanced stages.

The companies have agreed that RAFAEL will lead the activities in the civil
aviation markets, and El-Op will lead the activities in the military markets.

The Israeli Ministry of Transport (MOT) and the Ministry of Defense (MOD) have
already selected the RAFAEL-ELBIT SYSTEMS protection suite as the long-term
solution for the Civil Aviation Protection Plan.

The Israeli Civil Aircraft Protection Plan headed by the Israeli MOT and MOD and
other national authorities, calls for a long-term, robust DIRCM solution for all
its commercial aircraft. The strategic ELBIT SYSTEMS - RAFAEL teaming allows for
focused synergy between the two reputable firms, providing outstanding
advantages in combat experience, cutting-edge technologies, system and aircraft
integration capabilities as well as direct contacts with customers - including
the Israeli MOD, MOT and the three Israeli airlines; El-Al, Arkia and Israir.

"As the major electro-optics (EO) supplier to the Israeli Defense Forces we have
accumulated vast experience with lasers and other EO systems. Our Multi-Spectral
Fiber-Laser is eye-safe and provides an outstanding IR countermeasure source.
Its maturity and design constitutes a pioneering solution in airborne lasers"
says Haim Rousso, Elbit Systems Corporate VP and General Manager of El-Op.
"Together with RAFAEL, our companies have pooled advanced technological know-how
in complementary areas of expertise in order to offer this advanced solution."

His RAFAEL counterpart David Zait, Corporate VP and Head of the Systems Division
adds: "Our teaming with El-Op provides the Israel authorities with the most
complete solution; providing the robustness to counter current and future
threats, without impacting safety or civil aviation certification . Our goal is
to function as a team and coordinate our joint activities with the Israeli
authorities and national carriers to provide the most advanced and
cost-effective solution in a very demanding time-frame."





ABOUT RAFAEL

RAFAEL is a government-owned company, with over 55 years of experience in the
defense market. RAFAEL is Israel's traditional technology development house,
developing, manufacturing and supplying missiles, electro-optic systems, EW
systems, communications, command & control systems, precision munitions,
propulsion systems and much more. The company's mission is "To provide
innovative, state-of-the-art solutions to meet the most challenging demands of
Israeli and international customers, while striving for growth and
profitability". RAFAEL has nearly 5000 employees and sales in 2003 reached
$800M. For more about RAFAEL please visit Rafael's website at
http://www.rafael.co.il


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 reconnaisance ("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
--------------------






Contact RAFAEL:


           Gila Harel, Marketing Communications Manager
           Tel: (972) 4-8791244
           Fax: (972) 4-8794657
           email: gilah@rafael.co.il



Contacts Elbit Systems:

Company contact                                        IR Contacts
---------------                                        -----------
Ilan Pacholder, VP Finance &                           Ehud Helft/Kenny Green
   Capital Markets                                     Gelbart Kahana
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.