Welcome to our dedicated page for Elbit Systems news (Ticker: ESLT), a resource for investors and traders seeking the latest updates and insights on Elbit Systems stock.
Elbit Systems Ltd. reports developments as a global defense technology company that develops, manufactures, integrates and sustains systems across multiple domains. Its recurring news includes defense contract awards, financial results, annual reporting, and program updates tied to land systems, airborne munitions, rocket artillery, active protection systems, C4I and cyber, ISTAR and electronic warfare, and aerospace applications.
Company updates often reference products and systems such as PULS artillery rocket systems, UT30MK2 turrets, Iron Fist active protection systems, and advanced munitions for defense ministries, armed forces and international customers. Coverage also includes customer support, follow-on sustainment, technology transfer arrangements and geographic activity across Israel, North America, Europe, Asia-Pacific and other markets.
Elbit Systems Ltd. (NASDAQ: ESLT) announced a $33 million contract awarded to its subsidiary, Universal Avionics Systems Corporation, by AerSale Corporation for the supply of Enhanced Flight Vision Systems (EFVS) for Boeing 737NG aircraft. The contract will be carried out through 2023, featuring ClearVision™ systems that improve safety and operational efficiency for pilots in degraded visibility conditions. This contract reflects a renewed demand in the commercial aviation market for advanced vision technologies, according to Yoram Shmuely, General Manager of Elbit Systems Aerospace.
Elbit Systems Ltd (NASDAQ:ESLT) has secured a significant contract worth $660 million to provide intelligence systems for a European country. This contract spans four years, followed by an additional ten years for maintenance. Bezhalel Machlis, President & CEO of Elbit Systems, highlighted that this award reflects the company's technological edge and the trust customers place in their solutions.
This development is pivotal for Elbit Systems as it enhances its defense capabilities and strengthens its market position.
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.