Elbit Sys Ltd Stock Price, News & Analysis

Elbit Systems Ltd. (NASDAQ: ESLT) announced that its UK joint venture, Affinity Flying Training Services, secured an approximately $88 million contract from the UK Ministry of Defence. The contract involves the operation of four additional Texan T-6C aircraft as part of the UK Military Flying Training System over a 12-year period. Elbit Systems and KBR each hold a 50% share in Affinity, and the new aircraft will support RAF pilot training, adding to the existing fleet of 10 aircraft already in service.

Elbit Systems Ltd. (NASDAQ: ESLT) will release its third quarter 2021 financial results on November 23, 2021. A conference call will take place at 9:00 AM Eastern Time to discuss the results and answer questions. Investors can participate via designated dial-in numbers or listen to the live broadcast on Elbit's website. Additionally, a replay will be available for two days following the call. The company specializes in defense and security technologies, operating in aerospace, naval systems, and cyber-based systems.

Elbit Systems Ltd. (NASDAQ: ESLT) announced a definitive agreement to sell its subsidiary IMI Systems Ltd.'s shares in Ashot Ashkelon Industries Ltd. to FIMI Opportunity Funds for $88 million. This transaction aligns with Elbit's strategy to concentrate on core business areas. Ashot specializes in aerospace and defense manufacturing. FIMI, a private equity fund managing over $5.5 billion in assets, will acquire Ashot, which has seen operational improvements under Elbit's ownership. The deal is subject to certain regulatory approvals.

Elbit Systems of America has secured a firm-fixed-price, Indefinite-Delivery/Indefinite-Quantity contract with the U.S. Army to supply Integrated Helmet And Display Sight System (IHADSS) equipment for the AH-64 Apache helicopter fleet, valued at up to $76 million. The first order is approximately $6 million. Deliveries will occur over five years, concluding in September 2026. This contract reinforces Elbit's longstanding relationship with the Army and positions the company to continue supporting Apache operations with advanced technology solutions.

Elbit Systems (NASDAQ: ESLT) announced that its U.S. subsidiary, Elbit Systems of America, received an ID/IQ contract from the U.S. Army valued at up to $76 million to supply Integrated Helmet And Display Sight Systems for the AH-64 Apache helicopter fleet. The contract spans five years, with an initial order of $6 million to be fulfilled over two years from the Texas facility. The IHADSS enhances pilot situational awareness and mission success, reflecting Elbit's ongoing commitment to the U.S. Army's Apache fleet.

BVI has announced a strategic investment in Beyeonics Vision, a subsidiary of Elbit Systems (NASDAQ: ESLT), to enhance surgical visualization technology. Beyeonics One, the first commercial ophthalmic digital imaging system, will replace traditional microscopes and offer real-time imaging support to surgeons. This partnership aims to streamline the U.S. commercialization of Beyeonics One while also looking to expand internationally. BVI believes this collaboration will significantly improve surgeon workflows and patient outcomes in eye surgery.

Elbit Systems Ltd. (NASDAQ: ESLT) has announced a successful financing round totaling $36 million for its subsidiaries, Beyeonics Surgical and Beyeonics Vision. The funding includes $26 million led by TechWald Holding and Alive Israel HealthTech, along with participation from existing shareholders. Additionally, a $10 million convertible loan was provided by BVI Medical. Beyeonics specializes in augmented reality and AI systems for surgical applications, aiming to enhance operating room capabilities.

Elbit Systems of America's medical division, KMC Systems, has opened a new corporate innovation center in Cambridge, Massachusetts. This expansion includes 10,000 square feet of workspace and aims to enhance their medical instrumentation capabilities, particularly in next-generation sequencing and cell and gene therapy.

The facility will accommodate 50-60 engineers and foster partnerships, including with start-up companies. The move strengthens Elbit's presence and access to talent in the region while supporting local academic institutions.

Elbit Systems Ltd. (NASDAQ: ESLT) announced a new production order worth approximately $54 million from its U.S. subsidiary, Elbit Systems of America, to supply Enhanced Night Vision Goggle – Binocular (ENVG-B) systems to the U.S. Army. This order includes spare parts, logistics support, and test equipment, to be delivered by February 2023. The project is part of a broader contract that could total $442 million. The ENVG-B systems are designed to enhance situational awareness and operational effectiveness for military personnel.