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 (NASDAQ: ESLT) has secured a $260 million contract to supply systems to an international customer. Announced on May 23, 2024, the contract will be executed over a two-year period. Elbit Systems' CEO, Bezhalel Machlis, expressed pride in offering advanced solutions to enhance national security and technological capabilities for their international clientele. The contract reflects Elbit Systems' ongoing commitment to providing cutting-edge technology and strengthening global security measures.
On May 21, 2024, Elbit Systems (NASDAQ: ESLT, TASE: ESLT) announced that it has secured contracts totaling approximately $760 million for supplying ammunitions to the Israeli Ministry of Defense (IMOD). These contracts will be executed over a two-year period.
Elbit Systems noted a significant uptick in demand for its products since the beginning of the Swords of Iron war. This heightened demand from the IMOD may continue, potentially leading to additional substantial orders for the company.
Elbit Systems has been awarded a $53 million contract to supply Crossbow Unmanned Turreted Mortar Systems to General Dynamics European Land Systems for a European customer. The contract spans 6 years and marks the first supply agreement for the Crossbow system. The system boasts high protection, survivability, and quick firing capabilities, with a maximum rate of ten rounds per minute. The Crossbow can fire various NATO 120mm ammunition, including guided munitions with a range of up to 10 kilometers.
Elbit Systems (NASDAQ: ESLT) announced the schedule for releasing its first quarter 2024 financial results on May 28, 2024, along with a conference call for management to review and discuss the results and answer questions.
Elbit Systems has been awarded a $37 million contract to supply Iron Fist Active Protection Systems (APS) to upgrade the U.S. Army's Bradley Infantry Fighting Vehicles (IFVs). The system offers advanced self-defense capabilities against modern battlefield threats, providing 360-degree protection in various environments. The contract will span over 24 months, enhancing the U.S. armed forces' capabilities.
Elbit Systems (NASDAQ: ESLT) has secured a $50 million contract for its new air defense system, Red Sky, from an international customer. The system includes two Red Sky batteries with soft-kill and hard-kill defense capabilities, as well as the Redrone electronic warfare solution. The project will span over 2 years, providing protection against low-altitude aerial threats.
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