Elbit Systems (ESLT) said Wednesday it is launching a public offering of nearly 1.4 million of its shares.

All of the shares in the planned offering will be sold by Elbit, the company said.

The company said it expects to give underwriters a 30-day option to buy an amount of additional shares of up to 15%.

The shares in the offering are expected to be listed on the Nasdaq Global Select Market, Elbit said.

Net proceeds will be used for general corporate purposes.

The company's shares were falling 2.8% in recent after-hours trading.