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) is a global leader in advanced defense technologies, specializing in C4ISR systems, unmanned platforms, and aerospace solutions. This dedicated news hub provides investors and industry professionals with timely updates on the company’s strategic developments.
Access official press releases covering earnings announcements, government contracts, and technology innovations across defense and commercial aviation sectors. Our curated collection includes updates on system upgrades, international partnerships, and regulatory milestones critical to understanding ESLT’s market position.
Key focus areas include electro-optic advancements, cybersecurity initiatives, and modernization programs for military platforms. The page serves as an essential resource for tracking operational expansions and R&D breakthroughs in electronic warfare and sensor technologies.
Bookmark this page for streamlined access to verified information about Elbit Systems’ contributions to global security infrastructure. Check regularly for insights into emerging defense trends and the company’s role in shaping next-generation battlefield solutions.
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.
Elbit Systems Ltd. (NASDAQ: ESLT) announced that its U.S. subsidiary received a $10 million contract from SOSSEC, Inc. to develop an Advanced Low Light Level Sensor (ALLLS) for the U.S. Army's Integrated Visual Augmentation System (IVAS) 2.0. The project supports enhanced soldier situational awareness and will run through 2025 with work conducted in Roanoke, Virginia. This contract showcases Elbit Systems of America's commitment to innovation and meeting U.S. Army needs.
Elbit Systems Ltd. (NASDAQ: ESLT) announced it has secured two significant contracts totaling $240 million for upgrading Main Battle Tanks (MBTs) for an international customer. The contracts consist of a $60 million deal to be delivered over two years and a $180 million contract over four years. These upgrades will enhance the operational capabilities of the tanks through advanced electronics. CEO Bezhalel Machlis noted a growing demand from militaries aiming to enhance their armored platforms.
Elbit Systems Ltd. (NASDAQ: ESLT) reported a strong order backlog of $14.1 billion and revenues of $1.3 billion for Q2 2022. The GAAP net income was $81 million, with a corresponding net EPS of $1.82. Non-GAAP metrics showed a net income of $77 million and EPS of $1.73. Despite minor revenue growth from $1.302 billion in Q2 2021, net income and EPS decreased compared to last year. Operating cash flow for H1 2022 was negative at $133.5 million, influenced by tax payments. Elbit continues to face challenges from the COVID-19 pandemic but maintains a robust cash position.
Elbit Systems Ltd (NASDAQ: ESLT) announced the release date for its second quarter 2022 financial results, set for August 16, 2022. A conference call to discuss these results will occur on the same day at 9:00 AM ET, with management available for Q&A. Interested parties can join via various dial-in numbers or through the company’s website for a live transmission. Elbit Systems operates in defense, homeland security, and commercial sectors, providing advanced technologies and support services.
Elbit Systems Ltd. (NASDAQ: ESLT) announced a $33 million contract awarded to its subsidiary, Universal Avionics Systems Corporation, by AerSale Corporation for the supply of Enhanced Flight Vision Systems (EFVS) for Boeing 737NG aircraft. The contract will be carried out through 2023, featuring ClearVision™ systems that improve safety and operational efficiency for pilots in degraded visibility conditions. This contract reflects a renewed demand in the commercial aviation market for advanced vision technologies, according to Yoram Shmuely, General Manager of Elbit Systems Aerospace.
Elbit Systems Ltd (NASDAQ:ESLT) has secured a significant contract worth $660 million to provide intelligence systems for a European country. This contract spans four years, followed by an additional ten years for maintenance. Bezhalel Machlis, President & CEO of Elbit Systems, highlighted that this award reflects the company's technological edge and the trust customers place in their solutions.
This development is pivotal for Elbit Systems as it enhances its defense capabilities and strengthens its market position.
Elbit Systems Ltd (NASDAQ:ESLT) announced a contract worth $80 million to supply Direct Infrared Counter Measures (DIRCM) and airborne Electronic Warfare systems to a customer in the Asia-Pacific region. Set to be executed over two years, the contract includes the provision of C-MUSIC™ DIRCM systems and Infra-Red-based Passive Airborne Warning Systems (IR-PAWS) for various aircraft, enhancing protection against shoulder-fired missiles. The systems have proven operational effectiveness, having been deployed in over 25 aircraft types by clients including Israel and Germany.
Elbit Systems Ltd (NASDAQ:ESLT) announced the completion of the sale of its subsidiary Ashot Ashkelon Industries Ltd. to FIMI Opportunity Funds for approximately $84 million. This sale, following prior regulatory approvals, is in line with Elbit's strategy to concentrate on core business areas. Ashot specializes in aerospace and defense manufacturing, particularly jet engine components. Elbit's CEO highlighted the operational improvements within Ashot since its acquisition by Elbit.
On June 30, 2022, Elbit Systems Ltd (NASDAQ:ESLT) announced a significant contract worth $548 million to enhance military-wide multi-domain combat capabilities for an Asia-Pacific nation. The project spans four years and includes the deployment of various advanced systems such as the ELBIT TIGER-X™ networking middleware and E-LynX™ Software Defined Radios. This contract underscores Elbit Systems' leading role in the C4ISR domain and highlights the increasing demand for integrated military solutions following lessons from recent conflicts.
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