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 22, 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 23, 2004





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

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

          1.               Press Release, dated June 22, 2004.











                                    EXHIBIT 1
                                    ---------

                  ELBIT SYSTEMS AWARDED CONTRACT FROM ISRAEL'S
                  --------------------------------------------
      MINISTRY OF SCIENCE AND TECHNOLOGY TO SUPPLY TAUVEX II SPACE CAMERA
      -------------------------------------------------------------------


                  DEVELOPED BY ELBIT SYSTEMS' SUBSIDIARY ELOP,
                  --------------------------------------------
          TAUVEX II WILL BE INSTALLED IN INDIA SPACE AGENCY'S SATELLITE
          -------------------------------------------------------------
       FOR JOINT SCIENTIFIC EXPLORATION OF GALAXIES, BY INDIA AND ISRAEL
       -----------------------------------------------------------------


Haifa, Israel, June 22, 2004 - Elbit Systems Ltd. (NASDAQ: ESLT) announced that
it was awarded a contract, through its wholly owned subsidiary Elop
Electro-Optics Industries Ltd. (El-Op), from the Ministry of Science and
Technology and the Israel Space Agency, for the supply of "Tauvex II" (Tel Aviv
University Ultra-Violet Explorer) scientific space camera. The contract was
signed in a ceremony which took place on June 21, 2004 in the presence of The
Minister of Science and Technology, Mr. Eliezer (Moodi) Sandberg, and Managing
Director of Israel's Space Agency, Mr. Aby Har- Even.

The TAUVEX II camera will be launched into space mounted on the Indian
Satellite GSAT-4, for the purpose of scientific research in exploration of
the galaxies. The camera will be supplied for integration into the GSAT-4
by the end of 2005. The contract is valued at approximately $3.5 million.

The new contract follows an agreement signed in December 2003 between the Israel
Space Agency and ISRO, the Indian Space Research Organization, for scientific
cooperation between the two countries in the field of the astronomy in the
"Ultra-Violet" spectrum.

The Minister of Science and Technology of the State of Israel, Eliezer (Moodi)
Sandberg, said: "International cooperation between India and Israel in space
research and exploration is an important ingredient in strengthening the
strategic relations between the two countries which include cooperation in the
areas of science, industry and agriculture. India and Israel hold proven space
technologies and share the same vision of space research, as a vehicle to
achieve national goals for the benefit of the two nations".

Haim Rousso, Elbit Systems Corporate VP and General Manager of El-Op, commented:
"We view this contract as an important step in strengthening Elbit Systems'
cooperation with agencies engaged in space exploration for civilian and
scientific applications worldwide. This cooperation was made possible thanks to
the efforts of the Israeli Ministry of Science and Technology which creates the
frameworks for these international agreements".

Tauvex II is based on a camera developed during the 1990s by El-Op and Tel
Aviv University for Israel's Ministry of Science and Technology. The
electro-optical space camera is for scientific exploration and comprises
three "telescopes" for observation in the "ultra-violet" spectrum for
astronomical research of the galaxies. Research activities, based on
imagery received from the camera, will be performed jointly by academic
institutions in both Israel and India.




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


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.