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 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.
Elbit Systems Ltd. (NASDAQ: ESLT) announced it has secured contracts worth approximately $56 million to enhance the Anti-Submarine Warfare (ASW) capabilities for an Asia-Pacific navy. The contracts involve supplying Seagull™ Unmanned Surface Vessels and Towed Reelable Active Passive Sonar (TRAPS) systems, scheduled for a 12-month execution period. These systems aim to improve detection and tracking in underwater operations, addressing growing naval challenges.
Elbit Systems Ltd. (NASDAQ: ESLT, TASE: ESLT) announced key management changes effective April 1, 2022. Joseph Gaspar, the current CFO, will transition to Senior EVP - Business Management after 20 years in the role. Dr. Kobi Kagan, the Deputy General Manager of Finance and Control at Elbit Systems Land, will succeed him as CFO. Dr. Kagan brings extensive experience from both the private sector and the Israeli Navy, holding an advanced education in economics and business. These appointments are expected to contribute positively to Elbit's growth trajectory.
Elbit Systems Ltd. (NASDAQ: ESLT) reported a 21% increase in revenues for Q2 2021, reaching $1.3 billion. Non-GAAP net income rose to $93.4 million (7.2% of revenues), with GAAP net income at $101.7 million (7.8% of revenues). The company’s backlog grew 26% to $13.6 billion, indicating strong demand globally. Significant expenses increased, including R&D costs at $95.4 million, and the acquisition of Sparton for $380 million contributed to results. A dividend of $0.46 per share was declared for Q2, payable September 13, 2021.
FAQ
What is the current stock price of Elbit Sys (ESLT)?
What is the market cap of Elbit Sys (ESLT)?
