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 of America has acquired Sparton Corporation for $380 million, enhancing its presence in the undersea warfare sector. Sparton, a key supplier for the U.S. Navy, brings over 120 years of defense experience. The acquisition aims to leverage increased demand for undersea products amidst rising threats in the Indo-Pacific and Atlantic regions. An independent U.S. Proxy Board has been established to oversee Sparton's undersea activities. This strategic move is expected to fuel growth for Elbit Systems, supporting expansion and innovation in critical defense solutions.
Elbit Systems Ltd. (NASDAQ: ESLT) announced the completion of its acquisition of Sparton Corporation for $380 million, following the necessary U.S. Government and regulatory approvals. Based in Florida, Sparton specializes in systems for Undersea Warfare, enhancing Elbit's maritime capabilities. CEO Bezhalel Machlis highlighted the acquisition's significance for long-term growth, particularly in the U.S. market. This strategic move aims to bolster Elbit's position and technology in defense sectors.
Elbit Systems Ltd. (NASDAQ: ESLT) has acquired BAE Systems Rokar International Ltd. for approximately $31 million. This acquisition, announced on April 1, 2021, strengthens Elbit's capabilities in high-end GPS receivers and guidance systems for defense applications. Located in Jerusalem, Israel, Rokar's technology will enhance Elbit's networked precision fire solutions amid increasing demand in this sector, according to President & CEO Bezhalel (Butzi) Machlis.
Elbit Systems Ltd. (NASDAQ: ESLT) filed its annual report on Form 20-F for the fiscal year ending December 31, 2020 with the U.S. Securities and Exchange Commission and other authorities on March 24, 2021. The report is accessible on the company’s website, and shareholders can request a hard copy at no charge. Elbit Systems is involved in various sectors including defense and homeland security, offering technologies in aerospace, cyber systems, and more.
Elbit Systems Ltd. (NASDAQ: ESLT) reported robust financial results for Q4 and full year 2020, showcasing resilience during the COVID-19 pandemic. Q4 revenues reached $1.38 billion, up from $1.32 billion in Q4 2019. GAAP gross profit surged to $357.8 million, marking a significant increase compared to $284.3 million a year prior. The annual revenue totalled $4.66 billion, up from $4.51 billion in 2019. Notably, the backlog of orders rose by 10% to $11.02 billion, indicating strong demand. Non-GAAP net income attributable to shareholders for Q4 was $105 million, down slightly from $109.3 million in 2019.
Elbit Systems of America will continue to support and maintain the Integrated Helmet and Display Sighting System (IHADSS) for the U.S. Army's AH-64 Apache pilots. This contract, carried out at the Component Repair Center of Excellence in Talladega, Alabama, ensures that Apache pilots have reliable systems for mission readiness. The company has provided maintenance for this crucial technology for 17 years, underscoring its trusted relationship with the Army. Elbit Systems of America specializes in high-performance defense solutions and remains dedicated to logistics support.
Elbit Systems Ltd. (NASDAQ: ESLT) will release its fourth quarter and full year 2020 financial results on March 24, 2021. The company will host a conference call at 10:00am Eastern Time to discuss the results and answer questions. Interested participants can dial in using provided teleconferencing numbers. A live broadcast will be available on the company's website with a replay offered for two days after the call. Elbit Systems operates in various sectors including defense and homeland security, emphasizing advanced technologies.
Elbit Systems Ltd. (NASDAQ: ESLT) has secured a contract worth approximately $300 million from an Asian country to supply its Hermes 900 Unmanned Aircraft Systems (UAS). The contract spans five years and includes the provision of UAS, sub-systems, and maintenance services. The Hermes 900 has been adopted by 12 nations, demonstrating its technological advantages. CEO Bezhalel Machlis highlighted the growing demand for unmanned systems, affirming the company's competitive positioning in addressing diverse operational needs.
Elbit Systems Ltd. has secured a contract worth approximately $46 million to supply VBTP 6X6 Armored Personnel Carriers (APCs) to an undisclosed Asia-Pacific country. The contract will span three years and involves supplying wheeled APCs developed in collaboration with Iveco Defence Vehicles and the Brazilian Army. Elbit will equip these vehicles with its advanced subsystems, including fire control and communication systems. This deal highlights Elbit's role in enhancing defense exports from Brazil.
Elbit Systems Ltd. (NASDAQ: ESLT) has secured an $82 million contract from BAE Systems Hägglunds to deliver Active Protection Systems (APS) and electro-optical commander sights for the Royal Netherlands Army. This project will enhance the CV90 armored vehicles as part of a modernization initiative spanning 4.5 years. Key systems include Iron Fist APS and Commander Open Architecture Panoramic Sights (COAPS), designed for superior threat neutralization and target acquisition under various conditions.
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