Elbit Systems

Annual / Quarterly Financial Statement • Mar 16, 2005

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Public	ELBIT SYSTEMS LTD.
	2902	Corporation no: 520043027
	Stock Exchange/Market: ����� ������
	72
	379	P.O.B 539 , Haifa 31053 , ,
	Tel: 04-8315315 , 04-8316632 Fax: 04-8316659
	E.mail address: SHOSHIS@ELBIT.CO.IL	Date of transmission: 16/03/2005
		Time of broadcast: 16:55 15:03:05
		Reference: 2005-02-022906

Israel Securities Authority		Tel Aviv Stock Exchange
www.isa.gov.il		www.tase.co.il

Amended report for distorted report sent on date : 15/03/2005 , Whose reference number was: 2005-02-022228
The distortion: See explanation below
The distortion cause: Inadvertent omission of words
The main amendment: Correction of misplaced information and addition of word ommissioned

Report of Periodic or Interim ReportRegulation 3 of the Securities Regulations, (Periodic and Immediate Reports of Foreign Corporation) 5761-2000

The corporation is a foreign private issuer as defined by U.S. Securities Laws.
Attached hereto is a report on
Corrected 2004 Financial Reports and Management Report
Financial_Reports_2004_isa.pdf

Elbit Systems announced today that the financial reports for the year ended December 31, 2004, that were published on March 15, 2005 on the MAGNA, contained inadvertent omission of words. 1. Paragraph X under note 2 to the Consolidate Financial Statement - indicate that diluted net earning per share as reported for the year ended December 31, 2004 is $1.33 and the pro forma basic net earning per share is $1.29. Elbit Systems hereby amends the foregoing to provide that the diluted net earning per share as reported for the year ended December 31, 2004 is $1.29 and the pro forma basic net earning per share is $1.33. 2. In the Management's Report, paragraph four under the "Financial Highlights" chapter provides that the Company's backlog increased by 23% as of December 31, 2004 compared to the Company's backlog as of December 31, 2003. Elbit Systems hereby amends the foregoing to provide that the Company's backlog increased by 22.9% as of December 31, 2004 compared to the Company's backlog as of December 31, 2003. 3. In the Management's Report, the table under the "Non-U.S. GAAP Disclosure" chapter provides that the "Net earnings including phantom plan effect". Elbit Systems hereby amends the foregoing to provide that the "Net earnings including option plan effect". The financial reports that were previously published on the EDGAR electronic reporting site and on Elbit Systems' web site, on March 15, 2005 were correct and remain unchanged.
References of previous documents relating to this matter(the reference does not constitute incorporation by reference):
Previous name of reporting entity:
Date of revision of form structure: 20/01/2005
- - -
Name of the Signatory : Pacholder Ilan Position of Signatory in the reporting corporation: Corporate Secretary
P.O.B Telephone: 04-8316319 , Facsimile: 04-8316659 , E-mail: pacholder@elbit.co.il