Elbit Sys Ltd Stock Price, News & Analysis

Elbit Systems Ltd. (NASDAQ: ESLT) announced two contracts totaling $252 million to supply artillery rocket systems to a European NATO member. The first contract, valued at $119 million, involves the delivery of ATMOS (Autonomous Truck Mounted Howitzer) systems over two years. The second contract, worth $133 million, includes two batteries of PULS artillery rocket-launcher systems to be executed over three years. The ATMOS system has an effective range exceeding 40 km, while the PULS supports a range of 12 km to 300 km. This reflects a growing demand for advanced artillery solutions among NATO countries.

Elbit Systems Ltd. (NASDAQ: ESLT) announced that its subsidiary, Elbit Systems Sweden AB, secured a $48 million contract from the Swedish Defence Materiel Administration to supply Technical High Mobility Shelters (THMS) over three years, with potential extensions. These tactical communication shelters will enhance the operational capabilities of the Swedish Army's command and control infrastructure. Haim Delmar, General Manager of Elbit System C4I & Cyber, emphasized the choice reflects the company's technological advantages. This contract underscores Elbit's commitment to expanding its domestic capabilities in Sweden.

Elbit Systems Ltd. (NASDAQ: ESLT) announced a contract worth approximately $95 million with the Israeli Ministry of Defense to supply and maintain advanced electro-optical systems for the Israeli Defense Forces (IDF). This 10-year contract includes the provision of long-range deployable observation systems and tactical target acquisition systems, alongside maintenance services for the systems. Elbit's General Manager, Oren Sabag, emphasized that these systems enhance force protection and operational readiness in the field.

Elbit Systems Ltd (NASDAQ:ESLT) has been awarded a $70 million contract to supply 122mm extended-range rockets to a European country over the next three years. The rockets enhance operational effectiveness by allowing ground forces to concentrate fire at ranges up to 40 kilometers. They feature autonomous operation in various weather conditions and can be launched in under a minute. This development signifies a strategic expansion in Elbit's defense offerings, reinforcing its position in the global defense market.

Elbit Systems Ltd. (NASDAQ:ESLT) has received a $180 million contract from the Israeli Ministry of Defense to establish a new Mission Training Center for the Israeli Air Force's F-16 fleet. The contract spans three years, followed by an additional fifteen years for operation and maintenance services. This new center will enhance training efficiency, doubling training sorties for F-16 and F-15 crews. It will feature ten advanced simulators enabling realistic battlefield simulations, solidifying Elbit's position as a leader in military training systems.

On January 3, 2023, Elbit Systems Ltd. (NASDAQ: ESLT) announced a contract worth $107 million with the Israeli Defense Forces (IDF) to develop simulation and training centers for the Armored Corps. The project includes operating and maintaining the centers over a three-year period, with an additional fifteen-year maintenance contract. The new facilities will utilize Elbit's OneSim™ technology, enabling advanced training for commanders and soldiers and supporting integrated combat scenarios.

Elbit Systems Ltd. (NASDAQ: ESLT) has secured a contract valued at approximately $36 million to supply four F-16 Full Mission Simulators to the Polish Air Force. This contract, to be executed over a 28-month period, aims to enhance pilot training and mission readiness through advanced simulation technology, including a 360-degree display system. The project will support PLAF pilots in achieving competency in various operational scenarios. This award underscores Elbit's position in the training and simulation market.

Elbit Systems Ltd. (NASDAQ: ESLT) has secured a framework contract valued at approximately $410 million to supply up to seven "Watchkeeper X" tactical unmanned aircraft systems (UAS) for the Romanian Ministry of National Defense. The contract is valid for five years, though no specific orders have been placed yet. The Watchkeeper X UAS, produced by Elbit's subsidiary U-TacS, is compatible with NATO standards, enhancing interoperability with allied forces. Elbit plans to boost local production and infrastructure in Romania as part of this contract.

Elbit Systems Ltd. (NASDAQ: ESLT) reported its Q3 2022 financial results, highlighting revenues of $1.35 billion and a GAAP net income of $56 million. The company has a significant backlog of orders totaling $14.7 billion, with 75% from international clients. Non-GAAP net income stood at $62.6 million, a decrease from the previous year's $103.1 million. Increased costs associated with stock price-linked compensation plans were noted, impacting earnings per share. Management anticipates gradual relief from supply chain and labor inflation pressures.