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.
KMC Systems, a subsidiary of Elbit Systems of America (NASDAQ: ESLT), has been chosen by the Department of Defense to assist in developing ventilator designs as part of the Vulcan-5 Ventilator Project to combat COVID-19. The project aims to ensure ventilator availability during surges in cases. KMC will evaluate five selected designs for manufacturability and component availability, leveraging its expertise in FDA-regulated environments. The initiative underscores KMC's commitment to provide rapid medical solutions amid the pandemic.
On August 17, 2020, Elbit Systems Ltd. (NASDAQ: ESLT) announced it secured a $27 million contract to provide air-to-air combat training systems for a Navy in South Asia. The contract spans two years, with an additional three years for maintenance. The deal involves the EHUDTM Air Combat Maneuvering Instrumentation systems, enhancing military training with features like real-time hit notifications and electronic warfare capabilities. Elbit Systems' experience in the field supports its competitive edge in providing advanced training solutions.
Elbit Systems Ltd. (NASDAQ: ESLT) reported consolidated results for Q2 2020, revealing revenues of $1,079.4 million, slightly up from $1,064.0 million in Q2 2019. Non-GAAP gross profit was $286.4 million, but margins decreased. Operating income saw a significant rise, at $92.7 million (8.6% of revenues). The backlog reached $10.8 billion, indicating strong future visibility. Despite challenges from COVID-19, the company managed positive cash flow of $169.3 million. A dividend of $0.44 is declared, payable on September 14, 2020.
Elbit Systems Ltd. (NASDAQ: ESLT) announced the successful election of Mr. Noaz Bar Nir as an External Director during its Extraordinary General Meeting on August 10, 2020. This election ensures the company meets Nasdaq's board independence requirements and complies with Israeli Companies Law. The meeting was held at the company's offices in Haifa, Israel, and followed the Proxy Statement sent to shareholders on July 6, 2020.
Elbit Systems of America has commenced flight testing of the JHMCS II helmet-mounted display on the Lockheed Martin F-16V, following its successful safety qualification tests. This system enhances pilot operations with advanced visual cueing and targeting capabilities across various conditions. As the baseline HMD for F-16V aircraft, JHMCS II has attracted interest from international customers, bolstering Elbit's global presence in military aviation gear. The joint venture with Collins Aerospace aims to enhance mission success and pilot safety.
Elbit Systems Ltd. (NASDAQ: ESLT) will release its second quarter 2020 financial results on August 13, 2020, followed by a conference call at 9:00 am Eastern Time. Investors can participate via specific dial-in numbers or listen to a live broadcast on the company's website. The call will include management's discussion on the results and a Q&A session. Elbit Systems is engaged in defense and commercial programs globally, focusing on advanced technologies and support services.
Elbit Systems Ltd. has been awarded a contract worth approximately $53 million over two years to provide intelligence suites for a Southeast Asian navy. The contract includes equipping vessels with advanced systems for reconnaissance, featuring a range of technologies such as AES-212 electronic intelligence systems, NATACS naval tactical communication intelligence, and various sonar systems. This deal reflects a rising demand for maritime solutions, according to Elad Aharonson, General Manager of Elbit Systems ISTAR Division.
Elbit Systems Ltd. (NASDAQ: ESLT) received a notice of deficiency from Nasdaq regarding compliance with the independent director requirement. Following the resignation of independent director Moshe Kaplinsky on June 17, 2020, the board's composition now fails to meet the required majority of independent directors. Elbit Systems plans to address this within regulatory timeframes by identifying a new candidate for election. Until then, the notice does not impact its Nasdaq listing status if compliance is achieved in time.
HAIFA, Israel, June 22, 2020 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) has secured a $38 million contract from the Israeli Ministry of Defense for the operation, maintenance, and logistic services of the T-6 trainer aircraft fleet for the Israeli Air Force (IAF). This contract, covering the next five years with a potential extension, continues Elbit's decade-long support to the IAF, enhancing flight safety and operational efficiency during cadet training. Elbit also operates other IAF fleets.
On June 17, 2020, Elbit Systems Ltd. (NASDAQ: ESLT) announced the resignation of Mr. Moshe Kaplinsky from its Board of Directors. Elected as an External Director in March 2020, Kaplinsky stepped down to prevent potential conflicts of interest following his recent appointment as CEO of Oil Refineries Ltd. (Bazan). Elbit Systems acknowledged his contributions and confirmed that it will act swiftly to identify a new External Director to maintain compliance with Nasdaq Listing Rule 5605(b)(1), ensuring Independent Directors continue to hold a majority on the Board.
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