Elbit Sys Ltd Stock Price, News & Analysis

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.

Elbit Systems Ltd. (NASDAQ: ESLT) has announced the release date for its second quarter 2021 financial results, scheduled for August 12, 2021. The company will also hold a conference call at 9:00 AM Eastern Time to discuss the results, during which management will field questions from participants. Interested parties can access the call through specified dial-in numbers or via a live broadcast on the company's website. An online replay will be available shortly after the call's conclusion.

Elbit Systems Ltd. (NASDAQ: ESLT) announced that it raised approximately $581 million (NIS 1.9 billion) through a public notes offering in Israel. The offering included three series of notes with varying interest rates: Series B (1.08%), Series C (2.12%), and Series D (2.67%). Proceeds are allocated for general corporate purposes, including financing operations and acquisitions. The notes are set to be listed on the Tel Aviv Stock Exchange. The offering underscores strong market confidence in Elbit Systems, as indicated by the significant participation.