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 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.
Elbit Systems Ltd (NASDAQ: ESLT) has secured a contract worth approximately $220 million to supply precision guidance kits for airborne munitions to an Asian country. The contract spans 15 months and involves the delivery of the Lizard precision guidance kit, which enhances the targeting accuracy of general-purpose warheads.
CEO Bezhalel Machlis emphasized the increasing demand for precision fire capabilities in modern warfare, driven by lessons learned from recent conflicts.
Elbit Systems Ltd. (NASDAQ:ESLT) has secured a contract worth approximately $70 million to deliver an Electronic Warfare (EW) solution to an international client. The contract spans two and a half years and includes ground-based EW and Signal Intelligence (SIGINT) units. These systems are designed to enhance situational awareness by providing comprehensive electronic operational capabilities. The increasing demand for such solutions underscores the critical importance of securing electromagnetic dominance in modern military operations.
Elbit Systems Ltd (NASDAQ: ESLT) announced that S&P Global Ratings Maalot Ltd has reaffirmed the 'ilAA' rating with a stable outlook for its Series B, C, and D Notes issued in 2021. This reaffirmation indicates strong credit quality and financial stability, as confirmed in Maalot's rating report submitted to the Israel Securities Authority and the Tel Aviv Stock Exchange. An unofficial English translation will be provided in a 6-K filing with the U.S. SEC. This rating underscores the company's solid position in defense and security sectors, bolstering confidence among investors.
Elbit Systems Ltd (NASDAQ:ESLT) has secured a $69 million contract for Electronic Warfare (EW) capabilities in the Asia-Pacific region. This contract, which spans three years, indicates a rising demand for EW technologies as militaries recognize the significance of electromagnetic spectrum control. The announcement was made on May 31, 2022, by General Manager Oren Sabag, highlighting the company's strategic importance in defense technology.
Elbit Systems reported Q1 2022 revenues of $1.35 billion, up from $1.12 billion in Q1 2021, driven by robust global demand. The backlog of orders stands at $13.7 billion. However, non-GAAP net income fell to $54 million ($1.22 per share), down from $76.2 million ($1.72 per share) one year prior. Increased costs associated with stock price-linked compensation plans affected profits. Management expressed confidence in future growth due to rising defense budgets and a strong workforce.
Elbit Systems Ltd (NASDAQ:ESLT) announced that its U.S. subsidiary, Elbit Systems of America, received a $49 million delivery order for Squad Binocular Night Vision Goggles for the U.S. Marine Corps. This order is part of a $249 million five-year contract established on September 6, 2019. The SBNVG systems enhance nighttime operational capabilities with improved clarity and performance. The order will be fulfilled in Roanoke, Virginia, by September 2023.
Elbit Systems Ltd. (NASDAQ: ESLT) will release its first quarter 2022 financial results on May 24, 2022. A conference call is scheduled for 9:00am ET on the same day, where management will discuss the results and answer questions. Dial-in numbers for participation are provided for various regions. Elbit Systems operates in defense and cybersecurity, offering a range of technology solutions and support services. Detailed forward-looking statements emphasize potential risks and uncertainties impacting future performance.
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