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 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.
Elbit Systems Ltd. (NASDAQ: ESLT) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2021. This report was submitted to the U.S. Securities and Exchange Commission, the Israel Securities Authority, and the Tel Aviv Stock Exchange. Shareholders can access the report via the company's website or request a hard copy for free. Elbit Systems is engaged in defense and technology sectors, including aerospace, naval systems, and cyber-based solutions, contributing to both defense and homeland security programs.
Elbit Systems Ltd. (NASDAQ: ESLT) reported strong financial results for 2021, with revenues of $5.3 billion, a 13% year-over-year increase, and a backlog of orders reaching $13.7 billion. Non-GAAP net income stood at $368 million, translating to a non-GAAP EPS of $8.30. Despite a one-time tax expense of approximately $80 million, GAAP net income was $274 million. The company highlighted growth in its Airborne and C4ISR systems, particularly due to acquisitions like Sparton Corporation. Elbit's resilient performance amid the pandemic and substantial contracts forecast continued demand in the defense sector.
On March 27, 2022, Elbit Systems Ltd. (NASDAQ:ESLT) announced contracts valued at approximately $130 million to develop an artillery munitions production line in the Asia-Pacific region. The project will last for 2.5 years and involves constructing a turnkey industrial complex for enhanced munitions manufacturing. CEO Bezhalel Machlis emphasized the contracts' reflection on the company's quality portfolio and technological capabilities in international partnerships.
Elbit Systems Ltd. (NASDAQ: ESLT) has secured a $27 million contract from the Swedish Defence Material Administration to supply M339 rounds and Data Setting Units for Leopard Main Battle Tanks. This contract is set to be executed over ten months and aims to enhance the firepower of the Swedish Armed Forces' tanks, which are compliant with NATO standards. The M339 is described as high-accuracy, multi-purpose ammunition suitable for all NATO 120mm smooth bore gun MBTs. This selection reflects growing recognition of the quality of Elbit's product portfolio.