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 February 2006

                             -----------------------

                               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 February 14, 2006.

                                    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:  February 15, 2006





                                  EXHIBIT INDEX

    EXHIBIT NO.      DESCRIPTION
    -----------      -----------

    1.               Press release dated February 14, 2006.




                                    EXHIBIT 1


                                                    [LOGO OF ELBIT SYSTEMS LTD.]


                ELBIT SYSTEMS WINS $32 MILLION CONTRACT TO SUPPLY
               UNMANNED TURRET SYSTEMS, FIRE CONTROL SYSTEMS AND
                   ADDITIONAL LAND SYSTEMS TO PORTUGUESE ARMY

             CONTRACT IS VIEWED AS SPRINGBOARD TO FUTURE BUSINESS IN
                          A FAST-GROWING MARKET SPHERE

Haifa,  Israel,  February  14, 2006 - Elbit  Systems Ltd.  (NASDAQ;ESLT)  Signed
yesterday  a  contract  in the  amount of  approximately  $32  Million to supply
Unmanned Turret Systems, Fire Control Systems and additional Land Systems to the
Portuguese Army.

The  contract to supply the various  systems was signed with STEYR,  Austria,  a
member of the  General  Dynamics  European  Land  Combat  Systems  Group,  prime
contractor of the program. The Unmanned Turret systems and the other items to be
provided by Elbit  Systems will be  integrated  into PANDUR II 8X8 light wheeled
armored vehicles  manufactured by STEYR and will facilitate rapid force mobility
and deployment of the Portuguese army.

Elbit Systems offers a unique solution in the area of Unmanned Turrets, which is
perceived as a significant element of the modern urban battlefield.  New threats
and  unconventional  challenges have spurred  military forces worldwide to equip
for urban warfare and  low-intensity  conflicts.  Today's advanced ground forces
are opting for wheeled,  armored vehicles,  characterized by speed, mobility and
lightweight, assuring rapid mobility and deployment.

This contract win is significant since the program  demonstrates  Elbit Systems'
capability  to  provide a  completely  integrated  configuration  for  fighting/
patrol/surveillance vehicles, including Unmanned Turrets equipped with missiles,
automatic 120 mm mortars, fire control and threat detection systems.



Joseph  Ackerman,  President  and CEO of  Elbit  Systems  said:  "Elbit  Systems
Unmanned Turrets are based on extensive battlefield  experience in various types
of  conflicts.  The  selection of our systems for this project  attests to Elbit
Systems' leadership in the field of Turret and Fire Control systems.  The system
was developed to fully comply with NATO and U.S. military  requirements and is a
true step function in response to asymmetric warfare challenges."

Ackerman added that this contract follows Elbit Systems' recent  announcement of
its being  chosen to  cooperate  with the  Swiss  company  Mowag to supply 30 mm
Unmanned Turrets systems to be mounted on Piranha III vehicles,  for the Belgian
armored  infantry vehicle program.  "Elbit  Systems",  he concluded,  "views the
contract  awarded by the Portuguese  Army as a springboard  to potential  future
business in this fast-growing market".


Elbit Systems' Unmanned Turret is a dual-axis  stabilized system for 25 or 30 mm
cannons.  Among  its  outstanding  design  features  are a very low  silhouette,
lightweight  and  a  fold-down  position  assuring  the  critical  advantage  of
transportability  in C-130 aircraft.  System  installation  requires no internal
volume or deck penetration  thus preserving the internal  vehicle  configuration
and the required number of crew members.  All weapon  functions are remotely and
electrically  operated  from  within the crew  compartment  without  exposure to
external threats.

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"), advanced electro-optic
and space technologies, EW suites, airborne warning systems, ELINT systems, data
links and military communications systems and equipment.  The Group also focuses
on the upgrading of existing military  platforms and developing new technologies
for defense and homeland security applications.




CONTACTS

Company contact                                    IR Contacts
---------------                                    -----------
 Ilan Pacholder, Corporate Secretary and           Ehud Helft/Kenny Green
VP Finance & Capital Markets
ELBIT SYSTEMS LTD.                                 GK INTERNATIONAL
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.