Elbit Systems Signs a $2.3 Billion International Contract
Rhea-AI Summary
Elbit Systems (NASDAQ: ESLT) announced it signed an international contract worth approximately $2.3 billion to deliver a strategic solution. The agreement will be performed over a period of eight years, reflecting a multiyear supply and support commitment.
Management said the contract recognizes Elbit's technological capabilities and supports the company's efforts to equip customers with advanced systems and solutions.
Positive
- $2.3 billion contract value
- Contract term of 8 years provides long-term revenue visibility
- International scope signals global market demand for technologies
Negative
- Payment schedule and near-term revenue split not disclosed
- Value spread over 8 years may limit immediate EPS impact
News Market Reaction 18 Alerts
On the day this news was published, ESLT gained 6.38%, reflecting a notable positive market reaction. Argus tracked a peak move of +2.8% during that session. Our momentum scanner triggered 18 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $1.40B to the company's valuation, bringing the market cap to $23.33B at that time.
Data tracked by StockTitan Argus on the day of publication.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems: "Elbit Systems continues its significant investment in a broad range of advanced systems and solutions that provide our customers with a competitive advantage. This contract provides important recognition of our unique technological capabilities and significantly enhances our efforts to equip our customers with advanced and relevant solutions."
About Elbit Systems
Elbit Systems is a leading global defense technology company, delivering advanced solutions for a secure and safer world. Elbit Systems develops, manufactures, integrates and sustains a range of next-generation solutions across multiple domains.
Driven by its agile, collaborative culture, and leveraging
Elbit Systems employs approximately 20,000 people in dozens of countries across five continents. The Company reported
For additional information, visit: https://elbitsystems.com, follow us on X or visit our official Facebook, YouTube and LinkedIn Channels.
Company Contact:
Dr. Yaacov (Kobi) Kagan, Executive VP - CFO
Tel: +972-77-2946663
kobi.kagan@elbitsystems.com
Daniella Finn, VP, Investor Relations
Tel: +972-77-2948984
daniella.finn@elbitsystems.com
Dalia Bodinger, VP, Communications & Brand
Tel: +972-77-2947602
dalia.bodinger@elbitsystems.com
This press release may contain forward–looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management's current expectations, estimates, projections and assumptions about future events. Forward–looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company's future financial results, its anticipated growth strategies and anticipated trends in its business. Therefore, actual future results, performance and trends may differ materially from these forward–looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including
Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies. All other brand, product, service and process names appearing are the trademarks of their respective holders. Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.
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SOURCE Elbit Systems Ltd.