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 that its Swedish subsidiary won a contract from the Swedish Defence Material Administration to supply Albatross Combat Management Systems for the Royal Swedish Navy. The contract is valued at an amount not material to the company and will be executed over 34 months. The Albatross CMS enhances operational capabilities during mine countermeasures by providing real-time data integration. Elbit Systems expects rising demand for its naval solutions, following other recent contract wins in Europe and Asia Pacific.
Elbit Systems Ltd. (NASDAQ: ESLT) announced the sale of the Power and Control Business of its subsidiary Ferranti Technologies Ltd. to TT Electronics (UK) Plc for approximately $12 million. The transaction is subject to customary adjustments. The remaining operations of Ferranti will be integrated into Elbit Systems UK, focusing on areas like training, simulation, and avionics. This move aligns with the company's strategy to streamline operations and enhance growth in the UK market.
Elbit Systems Ltd. (NASDAQ: ESLT) announced that its Brazilian subsidiary, AEL Sistemas S.A., has secured a contract to supply additional Hermes 900 UAS to the Brazilian Air Force. The contract, which is not material to Elbit's overall financials, will be executed over 16 months and includes the provision of UAS and spare parts. The Hermes 900 UAS has established a presence in 12 countries, showcasing its technological reliability. This aligns with the Brazilian Air Force's mixed fleet operations aimed at enhancing security and monitoring in the Amazon region.
Elbit Systems Ltd. (NASDAQ: ESLT) announced a $53 million contract for its UAE subsidiary to supply Direct Infrared Countermeasures and Electronic Warfare systems for the Airbus A330 of the UAE Air Force. This contract, spanning five years, includes delivery of the J-MUSIC Self-Protection System and Infra-Red-based Passive Airborne Warning System, enhancing aircraft safety against missile threats. The company sees strong demand for these technologies in light of rising security concerns in aviation.
Elbit Systems of America has opened the Cambridge Innovation Center in Cambridge, Massachusetts, aiming to enhance its engineering capabilities. This facility will host up to 60 engineers and provides advanced lab and virtual reality spaces. The center is part of a broader expansion strategy, including plans to hire 100 engineers across various disciplines. The new center will bolster KMC Systems, Elbit's medical instrumentation division, enabling further innovation in life sciences. The opening aligns with the company’s commitment to delivering cutting-edge solutions.
Elbit Systems Ltd. (NASDAQ: ESLT) announced a contract worth approximately $350 million to supply land systems to an international customer, expected to be completed over three years. The CEO, Bezhalel Machlis, emphasized that this contract demonstrates the company's competitive edge and addresses the rising demand for advanced networked capabilities in armed forces, aimed at enhancing mission efficiency and economic performance.
Elbit Systems Ltd. (NASDAQ: ESLT) announced the results of its Annual General Meeting of Shareholders held on December 14, 2021. The proposed resolutions were approved by the necessary majority. These included the re-election of seven board members for the upcoming term and the re-appointment of Kost, Forer, Gabbay & Kasierer as the independent auditor for the fiscal year ending December 31, 2021. The company continues to operate in defense, homeland security, and commercial sectors, providing a range of technological solutions and support services.
Elbit Systems Ltd. reported a strong performance for Q3 2021, achieving revenues of $1,363.6 million, a 20% increase from the previous year. Gross profit reached $370.7 million (27.2% of revenues), with GAAP net income of $91.9 million ($2.08 per share). The company's backlog stood at $13.6 billion, primarily from overseas orders. Despite challenges posed by COVID-19, Elbit Systems maintained operational continuity and effective cash management. A quarterly dividend of $0.46 was declared, with a record date of December 20, 2021, reinforcing shareholder returns.
Elbit Systems Ltd. (NASDAQ: ESLT) announced a contract worth approximately $106 million to supply SIGMA self-propelled howitzer gun systems to an Asia-Pacific country. The contract will be fulfilled over five years. SIGMA is a highly automated 155mm artillery system designed for rapid engagement and operational efficiency, featuring advanced loading and aiming capabilities. CEO Bezhalel Machlis emphasized SIGMA’s effectiveness in enhancing artillery performance while reducing life-cycle costs.
Elbit Systems (NASDAQ: ESLT) has secured contracts totaling approximately $74 million from South Korea's Defense Acquisition Program Administration. These contracts will provide airborne munitions as part of the Precision Fires Program for the Republic of Korea Air Force. The work is set to be conducted over a five-year period. Yehuda Vered, General Manager of Elbit Systems Land, highlighted the growing demand for sophisticated munitions.
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