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) has been awarded a $70 million contract to supply 122mm extended-range rockets to a European country over the next three years. The rockets enhance operational effectiveness by allowing ground forces to concentrate fire at ranges up to 40 kilometers. They feature autonomous operation in various weather conditions and can be launched in under a minute. This development signifies a strategic expansion in Elbit's defense offerings, reinforcing its position in the global defense market.
Elbit Systems Ltd. (NASDAQ:ESLT) has received a $180 million contract from the Israeli Ministry of Defense to establish a new Mission Training Center for the Israeli Air Force's F-16 fleet. The contract spans three years, followed by an additional fifteen years for operation and maintenance services. This new center will enhance training efficiency, doubling training sorties for F-16 and F-15 crews. It will feature ten advanced simulators enabling realistic battlefield simulations, solidifying Elbit's position as a leader in military training systems.
On January 3, 2023, Elbit Systems Ltd. (NASDAQ: ESLT) announced a contract worth $107 million with the Israeli Defense Forces (IDF) to develop simulation and training centers for the Armored Corps. The project includes operating and maintaining the centers over a three-year period, with an additional fifteen-year maintenance contract. The new facilities will utilize Elbit's OneSim™ technology, enabling advanced training for commanders and soldiers and supporting integrated combat scenarios.
Elbit Systems Ltd. (NASDAQ: ESLT) has secured a contract valued at approximately $36 million to supply four F-16 Full Mission Simulators to the Polish Air Force. This contract, to be executed over a 28-month period, aims to enhance pilot training and mission readiness through advanced simulation technology, including a 360-degree display system. The project will support PLAF pilots in achieving competency in various operational scenarios. This award underscores Elbit's position in the training and simulation market.
Elbit Systems Ltd. (NASDAQ: ESLT) has secured a framework contract valued at approximately $410 million to supply up to seven "Watchkeeper X" tactical unmanned aircraft systems (UAS) for the Romanian Ministry of National Defense. The contract is valid for five years, though no specific orders have been placed yet. The Watchkeeper X UAS, produced by Elbit's subsidiary U-TacS, is compatible with NATO standards, enhancing interoperability with allied forces. Elbit plans to boost local production and infrastructure in Romania as part of this contract.
Elbit Systems Ltd. (NASDAQ: ESLT) reported its Q3 2022 financial results, highlighting revenues of $1.35 billion and a GAAP net income of $56 million. The company has a significant backlog of orders totaling $14.7 billion, with 75% from international clients. Non-GAAP net income stood at $62.6 million, a decrease from the previous year's $103.1 million. Increased costs associated with stock price-linked compensation plans were noted, impacting earnings per share. Management anticipates gradual relief from supply chain and labor inflation pressures.
Elbit Systems Ltd. (NASDAQ: ESLT) held its Annual General Meeting on November 16, 2022, in Haifa, where shareholders approved key resolutions. These included the re-election of seven board members and the re-appointment of Kost, Forer, Gabbay & Kasierer as independent auditors for the fiscal year ending December 31, 2022. The meeting reaffirmed the company's governance structure as it continues to engage in defense and security programs globally, with a focus on innovation and technology advancement.
Elbit Systems Ltd (NASDAQ: ESLT) announced a significant contract worth approximately $200 million to supply Electronic Warfare and airborne laser technologies for military helicopters in the Asia-Pacific region. This four-year contract includes self-protection suites featuring Infra-Red Passive Airborne Warning Systems (PAWS IR) and Mini-MUSIC Direct Infra-Red Counter Measure (DIRCM) Systems, enhancing helicopter survivability against shoulder-fired missiles. The increasing global demand for airborne protection solutions positions Elbit Systems favorably in the defense market.
Elbit Systems Ltd. (NASDAQ: ESLT) has secured a $72 million contract to supply Hermes™ 900 Unmanned Aircraft Systems (UAS) and training to an international customer. The contract spans two years and includes advanced capabilities such as the SkEye™ Wide Area Persistent Surveillance system and multi-spectral Electro-Optical payloads. With over 15 customers, the Hermes 900 UAS is recognized for its technological sophistication and integration potential with manned forces, addressing evolving global threats.
Elbit Systems Ltd (NASDAQ: ESLT) announced a follow-on contract worth $19 million with the British Army for Night Vision Goggles (NVG) and support services. This contract will be executed over an 18-month period, providing XACT nv33 NVGs in a helmet-mounted configuration, enhancing operational effectiveness in low-light conditions. The successful delivery of previous goggles reinforced Elbit Systems UK's reputation for efficiency and advanced technology within NATO forces.