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) will release its third quarter 2022 financial results on November 29, 2022. A conference call is scheduled for the same day at 9:00am ET, where management will discuss the results and address investor questions. The call will be accessible via various dialing options for U.S., Canada, Israel, and international participants. Additionally, it will be streamed live on the company's website, with a replay available afterward.
Elbit Systems Ltd (NASDAQ: ESLT) announced a contract worth approximately $215 million to deliver an aerial intelligence solution to an Asia-Pacific nation. The contract is set to be fulfilled over two years, reflecting Elbit's technological prowess and customer confidence. This deal underlines the company's strategic focus on defense and security solutions.
Elbit Systems Ltd (NASDAQ: ESLT) announced that its subsidiary, Sparton De Leon Springs LLC, along with two other companies, received an estimated aggregate joint ceiling of $5.1 billion for modifications to a previous indefinite-delivery/indefinite-quantity (ID/IQ) contract to supply sonobuoy capabilities to the U.S. Navy. No funds were obligated at the time of the award, and individual orders will dictate when funds are allocated. The award emphasizes competitive opportunities, but there's uncertainty regarding the timing and value of future orders.
Elbit Systems Ltd. (NASDAQ: ESLT) has secured a $65 million contract to provide a modernization solution for a Latin American Army. This contract, spanning two and a half years, marks the supply of the first fully networked mechanized brigade solution in the region, part of the army's modernization initiative. The solution includes 4X4 and 6X6 armored vehicles equipped with E-LynX™ Software Defined Radio technology and MAGNI mini-UAVs. This award reinforces Elbit's position in combat networked warfare as recognized by military forces.
Elbit Systems (NASDAQ: ESLT) announced a $107 million order from its U.S. subsidiary for Enhanced Night Vision Goggle – Binocular (ENVG-B) systems and support for the U.S. Army. Delivery will occur in 2023 and 2024. This order is part of a broader OTA contract from 2020 that could total $442 million. The ENVG-B features advanced night vision and situational awareness tools, allowing soldiers to perform efficiently in low visibility conditions. CEO Bezhalel Machlis highlighted the order as a testament to the quality of their technologies.
Elbit Systems Ltd (NASDAQ:ESLT) has been awarded a $120 million contract by the Royal Thai Navy to supply Hermes™ 900 Maritime Unmanned Aircraft Systems (UAS) and training over a three-year period. This contract includes advanced capabilities such as maritime radar, Electro Optic payloads, and Satellite Communication, enhancing the Navy's operational capacity for maritime missions. The Hermes 900 UAS has been selected by over 20 global customers, showcasing its competitive edge and reliability.
Elbit Systems Ltd (NASDAQ: ESLT) announced an extension of its shelf prospectus by 12 months, now valid until September 29, 2023, as approved by the Israel Securities Authority. The company has not made any decisions regarding a securities offering under this prospectus, nor the terms or timing of any potential offerings. Any offered securities will not be registered under the U.S. Securities Act and may only be offered in Israel unless specified otherwise. This announcement does not constitute a solicitation to buy or sell securities.
Elbit Systems Ltd. (NASDAQ: ESLT) announced a contract worth $80 million to supply unmanned turrets for Armoured Fighting Vehicles in an Asian-Pacific country. This contract, spanning three years, involves providing 30mm-gun unmanned light turrets that enhance situational awareness and target acquisition. Yehuda Vered, General Manager of Elbit Systems Land, highlighted the company's strong position to meet increasing military demands for improved armored platform capabilities. The contract reflects ongoing growth in defense spending globally.
Elbit Systems Ltd (NASDAQ: ESLT) has secured a $76 million contract to supply Electronic Warfare (EW) training capabilities to an Asia-Pacific Air Force. This contract, set to be executed over two years, enhances aircrew training in a comprehensive EW environment. According to Oren Sabag, General Manager of Elbit Systems ISTAR & EW, this initiative is crucial for mission readiness and cost efficiency.
The agreement highlights the growing demand for advanced EW training, as military readiness increasingly relies on sophisticated simulation technologies.
Elbit Systems Ltd. (NASDAQ: ESLT) announced its U.S. subsidiary, Elbit Systems of America, has secured a maximum potential $49 million Indefinite Delivery/Indefinite Quantity (ID/IQ) contract to provide 120mm mortar systems for the U.S. Army. The contract covers five years, starting with an initial delivery order of $10 million over two years. This follows a successful similar contract awarded in 2016, underscoring the company's role as a trusted defense partner.