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Elbit Systems Ltd. - ESLT STOCK NEWS

Welcome to our dedicated news page for Elbit Systems Ltd. (Ticker: ESLT), a resource for investors and traders seeking the latest updates and insights on Elbit Systems Ltd..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Elbit Systems Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Elbit Systems Ltd.'s position in the market.

Rhea-AI Summary
Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) has been awarded a series of contracts by the Israel Ministry of Defense (IMOD) since the beginning of the Swords of Iron War, resulting in a considerable increased demand for its solutions. This increased demand may continue and could generate material additional orders to the Company.
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End-of-Day
2.89%
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Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) announced an indefinite delivery/ indefinite quantity (ID/IQ) contract with a maximum ceiling of $500 million from the U.S. Department of Defense for the supply of Squad Binocular Night Vision Goggle (SBNVG) systems. The contract includes spare and repair parts, contractor logistics supports, and test article refurbishment. Elbit Systems of America received an initial delivery order award worth approximately $127 million. The SBNVG system is a lightweight helmet-mounted system that provides superior nighttime viewing, enhancing warfighter situational awareness and performance.
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-1.49%
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Elbit Systems Ltd. (ESLT) reported a backlog of orders at $16.6 billion, revenues of $1.5 billion, non-GAAP net income of $73.5 million, and GAAP net income of $60.7 million for the third quarter ended September 30, 2023. The company experienced double-digit revenue growth and a significant increase in the backlog, driven by increased demand for its solutions by the Israel MOD. Revenues from aerospace, C4I, and cyber segments increased, while land revenues and Elbit Systems of America revenues showed mixed performance. Financial data revealed a positive trend in gross profit, operating income, and net income, but increased financial expenses and taxes. The impact of the 'Swords of Iron' War on the company's operations and financial results was discussed, highlighting the increased demand for solutions from the Israel MOD and the operational disruptions experienced by the company. The company also provided non-GAAP financial data, reporting adjusted gross profit, operating income, net income, and diluted earnings per share.
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End-of-Day
-2.19%
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Elbit Systems Ltd. will release its third quarter 2023 financial results on November 28, 2023. A conference call will be held on the same day at 9:00am ET to discuss the results and answer questions. The call will be broadcast live on Elbit Systems' website.
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2.04%
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Elbit Systems has been awarded a $135 million contract to establish an artillery ammunition factory for an international customer. The contract will be performed over a period of two years. Elbit Systems has extensive experience in ammunition production and will leverage its technical and operational knowledge for this project.
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Elbit Systems Sweden, a subsidiary of Elbit Systems, has been awarded a $170 million contract to become the integration partner for the Swedish Army's digitalization program. The contract will be performed over a ten year period.
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1.09%
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Elbit Systems files shelf prospectus to raise funds through offerings and sales of securities in Israel.
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-2.4%
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Elbit Systems awarded $115 million contract to supply tank ammunition to NATO country
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-2.4%
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Elbit Systems awarded $95 million contract to supply SkyStriker loitering munitions to a European country.
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1.07%
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Elbit Systems awarded $109 million contract to supply Iron Fist APS to BAE Systems Hägglunds for CV90 platform
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0.9%
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Elbit Systems Ltd.

Nasdaq:ESLT

ESLT Rankings

ESLT Stock Data

8.80B
24.79M
44.03%
20.32%
0.28%
Other Aircraft Parts and Auxiliary Equipment Manufacturing
Manufacturing
Link
Israel
P O B 539

About ESLT

elbit systems develops, manufactures and integrates advanced, high-performance defense electronic and electro-optic systems for customers throughout the world. we focus on designing, developing, manufacturing and integrating command, control, communication, computer, intelligence, surveillance and reconnaissance (c4isr) network centric systems, including unmanned vehicles, for defense and homeland security applications. we also perform upgrade programs for airborne, land and naval defense platforms, often as a prime contractor. moreover, we develop and manufacture avionic and aerostructure products for the commercial aviation market. in addition, we provide a range of support services.