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 $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.
Elbit Systems Ltd. (NASDAQ: ESLT) announced a contract worth approximately $350 million to supply land systems to an international customer, expected to be completed over three years. The CEO, Bezhalel Machlis, emphasized that this contract demonstrates the company's competitive edge and addresses the rising demand for advanced networked capabilities in armed forces, aimed at enhancing mission efficiency and economic performance.
Elbit Systems Ltd. (NASDAQ: ESLT) announced the results of its Annual General Meeting of Shareholders held on December 14, 2021. The proposed resolutions were approved by the necessary majority. These included the re-election of seven board members for the upcoming term and the re-appointment of Kost, Forer, Gabbay & Kasierer as the independent auditor for the fiscal year ending December 31, 2021. The company continues to operate in defense, homeland security, and commercial sectors, providing a range of technological solutions and support services.
Elbit Systems Ltd. reported a strong performance for Q3 2021, achieving revenues of $1,363.6 million, a 20% increase from the previous year. Gross profit reached $370.7 million (27.2% of revenues), with GAAP net income of $91.9 million ($2.08 per share). The company's backlog stood at $13.6 billion, primarily from overseas orders. Despite challenges posed by COVID-19, Elbit Systems maintained operational continuity and effective cash management. A quarterly dividend of $0.46 was declared, with a record date of December 20, 2021, reinforcing shareholder returns.
Elbit Systems Ltd. (NASDAQ: ESLT) announced a contract worth approximately $106 million to supply SIGMA self-propelled howitzer gun systems to an Asia-Pacific country. The contract will be fulfilled over five years. SIGMA is a highly automated 155mm artillery system designed for rapid engagement and operational efficiency, featuring advanced loading and aiming capabilities. CEO Bezhalel Machlis emphasized SIGMA’s effectiveness in enhancing artillery performance while reducing life-cycle costs.
Elbit Systems (NASDAQ: ESLT) has secured contracts totaling approximately $74 million from South Korea's Defense Acquisition Program Administration. These contracts will provide airborne munitions as part of the Precision Fires Program for the Republic of Korea Air Force. The work is set to be conducted over a five-year period. Yehuda Vered, General Manager of Elbit Systems Land, highlighted the growing demand for sophisticated munitions.
Elbit Systems (NASDAQ: ESLT) announced a significant contract win valued at approximately $100 million from Babcock International Group Plc to enhance the Royal Navy's Electronic Warfare capabilities. The contract, part of the Maritime Electronic Warfare System Integrated Capability (MEWSIC) Program, spans 13 years and includes in-service support. Elbit Systems UK will develop advanced Electronic Warfare suites to improve situational awareness and missile defense for frontline naval platforms.
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.
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