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. 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.
Elbit Systems Ltd. (NASDAQ: ESLT) has secured a $172 million contract to supply light tanks to an Asian-Pacific country's army. This contract, expected to span three years, involves the delivery of the 'Sabrah' light tank based on the tracked ASCOD platform from General Dynamics and the wheeled Pandur II 8X8 from Excalibur Army. The 30-ton tanks will feature a 105mm turret and advanced subsystems, enhancing operational effectiveness. CEO Bezhalel Machlis emphasized the strategic collaboration with General Dynamics, aiming for expanded market opportunities.
Elbit Systems (NASDAQ: ESLT) announced on Jan. 21, 2021, that its UK subsidiary secured a contract worth approximately $137 million from the UK Ministry of Defence. This five-year contract aims to provide a future target acquisition solution for the British Armed Forces under the Dismounted Joint Fires Integrators program. The solution, leveraging Artificial Intelligence, enhances target acquisition for effective engagement of joint fires, facilitating rapid communication across military units.
Elbit Systems Ltd. (NASDAQ: ESLT) announced a contract to supply Seagull™ Unmanned Surface Vehicles (USVs) to a Navy in the Asia-Pacific region. The contract, while not materially significant, will be executed over a 17-month period. Elbit will provide Seagull USVs configured for Mine Counter Measures, with options for Anti-Submarine Warfare capabilities. The vehicles will include advanced sonar systems and autonomous technology. This contract highlights the increasing demand for autonomous maritime solutions in defense.
Elbit Systems Ltd. (NASDAQ: ESLT) announced that its subsidiary, Elbit Systems UK, received a contract worth approximately $166 million from the UK Ministry of Defence for the Future Naval Training Program. This 12-year initiative aims to modernize the Royal Navy's training, including the Future Submarine School. The contract positions Elbit Systems UK as a key provider of training technologies, enhancing Defence Operational Training Capability. CEO Martin Fausset emphasized the significance of this award in advancing the Royal Navy's transformation agenda.
Elbit Systems Ltd. (NASDAQ: ESLT) announced a significant contract valued at $24 million with the Dutch Ministry of Defence to supply new Enhanced Tactical Computers (ETC) MK7 to the Royal Netherlands Army. This contract spans 30 months and aims to replace outdated systems while enhancing Command and Control capabilities and mission information security. Haim Delmar, General Manager of Elbit Systems C4I & Cyber, highlighted the ongoing partnership with the Dutch MOD as crucial for future cooperation.
Elbit Systems Ltd. (NASDAQ: ESLT) has been selected to establish and operate the International Flight Training Center for the Hellenic Air Force, following an agreement between the Israeli Ministry of Defense and the Hellenic Ministry of National Defense. The project is valued at approximately $1.68 billion (€1.375 billion) over 20 years. It includes delivering training aircraft, simulators, and logistical support. The contract award is contingent on finalizing commercial negotiations.
Elbit Systems Ltd. (NASDAQ: ESLT) announced a definitive agreement for its U.S. subsidiary to acquire Sparton Corporation for $380 million. The acquisition aims to enhance Elbit Systems of America's capabilities in the naval sector, supporting Undersea Warfare for the U.S. Navy and allied forces. The deal is subject to regulatory approvals, which may take several months. The CEO expressed optimism that the acquisition will benefit both companies' employees and customers.
Elbit Systems Ltd. (NASDAQ: ESLT) announced a $338 million contract with the Swiss Federal Department of Defense to supply an army-wide tactical mobile Software Defined Radio network solution. This contract, part of the Telecommunications Armed Forces digitization program, will be executed over six years. The award follows extensive evaluations by the Swiss Armed Forces. CEO Bezhalel Machlis emphasized Switzerland as a strategic market and the recognition of the E-LynX SDR solution in advanced military communication.