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. 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 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.
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.