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) 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.
Elbit Systems of America and KMC Systems have partnered with Aza Technology Inc. to develop a rapid blood ammonia detector. This device, the Rapid Ammonia Monitoring Device (AMD), has received FDA Breakthrough Device designation for point-of-care measurement, crucial for detecting hyperammonemia to prevent serious health issues. KMC will assist in seeking FDA approval and manufacturing the AMD, which aims to significantly reduce ammonia testing times from hours to minutes. This collaboration highlights a commitment to innovative healthcare solutions.
Elbit Systems Ltd. (NASDAQ: ESLT) will release its fourth quarter and full year 2021 financial results on March 29, 2022. The Annual Report on Form 20-F will be filed in April 2022. A conference call will be held on the same day at 9:00 AM Eastern Time for management to discuss results and answer questions. Investors can access the call through various dial-in numbers or via live webcast. An investor conference will also take place in Israel, streamed live with English translation. The event's recording will be available post-event.
Elbit Systems Ltd. (NASDAQ: ESLT) announced a one-time expense of approximately $80 million due to a recent amendment in Israeli law regarding tax on exempt earnings. This expense will be recorded in the fourth quarter of 2021 financial results, set for release in March 2022. The law amendment allows reduced corporate tax on selected accumulated income, affecting future dividend withholding tax rates, estimated at 17%. The tax payment is planned for 2022.
Elbit Systems Ltd. (NASDAQ: ESLT) has secured a $16 million contract to develop a space telescope for the Weizmann Institute of Science as part of Israel's Ultraviolet Transient Astronomy Satellite (ULTRASAT) program. This contract spans two years and aims to enhance understanding of deep space phenomena, including black holes and supernovas. The project is collaboratively managed with the Israeli Space Agency and the German DESY research center. Elbit Systems brings extensive experience in providing advanced space technologies for various international programs.
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.
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