Welcome to our dedicated page for Elbit Sys news (Ticker: ESLT), a resource for investors and traders seeking the latest updates and insights on Elbit Sys stock.
Elbit Systems Ltd (ESLT) news covers announcements and disclosures from a global defense technology company that develops, manufactures, integrates and sustains multi-domain systems and solutions. The company’s press releases and Form 6-K filings highlight contracts, financial results, corporate actions and operational updates relevant to investors and observers of the aerospace and defense sector.
Recent Elbit Systems news has included contracts for an advanced airborne self-protection electronic warfare suite, including a Direct Infra-Red Counter-Measure (DIRCM) system, to equip a helicopter platform in an Asia-Pacific country. The company has also reported that its PULS rocket artillery system was selected by the Hellenic Armed Forces, subject to commercial negotiations, and that it received contracts from the Israel Ministry of Defense for upgrades to Merkava main battle tanks, including AI-enhanced electro-optical sights and related maintenance and support services.
Other announcements have described a large international contract for a strategic solution, multi-billion-dollar orders from a European country for long-range precision strike artillery-rocket systems, unmanned reconnaissance and loitering aerial combat systems, ISTAR and electronic warfare capabilities, electro-optical and night-vision systems, combat vehicle upgrades and a military digitalization and Network Combat Solution. Elbit Systems also regularly reports quarterly financial results, order backlog figures, capital-raising activities, rating updates from an Israeli rating agency, and corporate governance events such as annual general meeting outcomes.
This ESLT news page aggregates such items so readers can review contract awards, program developments, financial performance updates, securities-related announcements and other company communications in one place. Users researching Elbit Systems stock or the broader defense technology space can use this news feed to track how the company describes its business momentum, operational environment and interactions with customers and capital markets over time.
Elbit Systems Ltd (NASDAQ: ESLT) announced a follow-on contract valued at approximately $100 million with the Israeli Ministry of National Security to deliver aerial firefighting services over eight years. This contract extends the company's role in providing operational support through a fleet of 14 aircraft, including maintenance and flight preparation.
The squadron will be operated under the Israeli Police's guidance and is designed to fulfill specific operational needs set by the Fire and Rescue Authority. Elbit Systems' General Manager of Aerospace, Yoram Shmuely, expressed confidence in the company's capabilities and the extension of the contract until the end of 2031, highlighting its ongoing commitment to national safety.
Elbit Systems (NASDAQ: ESLT) has secured a follow-on contract valued at approximately $100 million to upgrade commercial aircraft into Intelligence and Electronic Warfare (EW) platforms for an international customer. This contract, extending over three years, includes equipping the aircraft with advanced Intelligence Mission Suite and EW capabilities.
The enhancements will provide comprehensive operational awareness through SIGINT and Electro-Optics VISINT sensors and systems, in addition to Electronic Counter Measures to address various threats. Elbit's General Manager, Oren Sabag, emphasized the contract showcases their robust ISTAR and EW capabilities, tailored to meet evolving defense needs.
Elbit Systems Ltd. (NASDAQ: ESLT) announced on April 18, 2023, that it secured a contract valued at approximately $102 million to supply artillery systems, specifically the ATMOS (Autonomous Truck Mounted Howitzer), to an international customer. This contract, which will be executed over eight years, includes the provision of a battalion's worth of 155mm/52 caliber truck-mounted howitzer systems. The ATMOS system is noted for its ability to fire all NATO-certified projectiles with an effective range exceeding 40km and is designed for rapid deployment across various missions. Yehuda Vered, General Manager of Elbit Systems Land, emphasized this contract as a testament to the company's competitive edge in indirect fire solutions.
Elbit Systems Ltd. (NASDAQ: ESLT) announced a contract valued at approximately $280 million to supply precision munitions and defense electronics systems to a European country. This contract will be executed over a period of three years, reflecting the company's strong demand for its products and services in Europe. President and CEO Bezhalel Machlis emphasized the continued trust customers have in Elbit's customized solutions. The deal signifies Elbit's robust market position and its commitment to sustaining advanced defense technologies.
Elbit Systems reported a strong financial performance for 2022 with revenues of $5.5 billion and a record backlog of $15.1 billion. The company’s non-GAAP net income was $269 million, while GAAP net income stood at $275 million. The fourth quarter saw revenues increase to $1.51 billion, compared to $1.49 billion in Q4 2021. However, operating income declined to $103 million (6.8% of revenues) due to increased expenses, including a rise in R&D and marketing costs. Elbit Systems continues to focus on expanding its technological capabilities amidst global supply chain challenges and labor costs.
Elbit Systems Ltd. (NASDAQ: ESLT) will release its fourth quarter and full year 2022 financial results on March 28, 2023. A conference call will be held at 9:00am ET to discuss these results, followed by a Q&A session. Interested participants can join via specified dial-in numbers, and the call will also be live-streamed on Elbit's website. An investor conference is scheduled in location value="LC/il"Israel at 10:00am Israel time. Elbit Systems is engaged in defense, homeland security, and commercial programs globally, focusing on diverse technological solutions.
Elbit Systems Ltd. (NASDAQ: ESLT) announced a $120 million contract awarded to its Romanian subsidiary, Elmet International SRL., by General Dynamics European Land Systems. The contract focuses on supplying unmanned turrets, Remote Controlled Weapon Stations (RCWS), and mortar systems for the 'Piranha V' Armored Personnel Carrier for the Romanian Armed Forces. The project will span three years and will involve the integration of the UT30 MK2 turrets and SPEAR mortar systems. This award reinforces Elbit's position in the defense sector, showcasing their capabilities in armored platform solutions.
Elbit Systems Ltd. (NASDAQ: ESLT) announced two contracts totaling $252 million to supply artillery rocket systems to a European NATO member. The first contract, valued at $119 million, involves the delivery of ATMOS (Autonomous Truck Mounted Howitzer) systems over two years. The second contract, worth $133 million, includes two batteries of PULS artillery rocket-launcher systems to be executed over three years. The ATMOS system has an effective range exceeding 40 km, while the PULS supports a range of 12 km to 300 km. This reflects a growing demand for advanced artillery solutions among NATO countries.
Elbit Systems Ltd. (NASDAQ: ESLT) announced that its subsidiary, Elbit Systems Sweden AB, secured a $48 million contract from the Swedish Defence Materiel Administration to supply Technical High Mobility Shelters (THMS) over three years, with potential extensions. These tactical communication shelters will enhance the operational capabilities of the Swedish Army's command and control infrastructure. Haim Delmar, General Manager of Elbit System C4I & Cyber, emphasized the choice reflects the company's technological advantages. This contract underscores Elbit's commitment to expanding its domestic capabilities in Sweden.
Elbit Systems Ltd. (NASDAQ: ESLT) announced a contract worth approximately $95 million with the Israeli Ministry of Defense to supply and maintain advanced electro-optical systems for the Israeli Defense Forces (IDF). This 10-year contract includes the provision of long-range deployable observation systems and tactical target acquisition systems, alongside maintenance services for the systems. Elbit's General Manager, Oren Sabag, emphasized that these systems enhance force protection and operational readiness in the field.