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) news covers announcements and disclosures from a global defense technology company that develops, manufactures, integrates and sustains multi-domain systems and solutions. The company’s press releases and Form 6-K filings highlight contracts, financial results, corporate actions and operational updates relevant to investors and observers of the aerospace and defense sector.
Recent Elbit Systems news has included contracts for an advanced airborne self-protection electronic warfare suite, including a Direct Infra-Red Counter-Measure (DIRCM) system, to equip a helicopter platform in an Asia-Pacific country. The company has also reported that its PULS rocket artillery system was selected by the Hellenic Armed Forces, subject to commercial negotiations, and that it received contracts from the Israel Ministry of Defense for upgrades to Merkava main battle tanks, including AI-enhanced electro-optical sights and related maintenance and support services.
Other announcements have described a large international contract for a strategic solution, multi-billion-dollar orders from a European country for long-range precision strike artillery-rocket systems, unmanned reconnaissance and loitering aerial combat systems, ISTAR and electronic warfare capabilities, electro-optical and night-vision systems, combat vehicle upgrades and a military digitalization and Network Combat Solution. Elbit Systems also regularly reports quarterly financial results, order backlog figures, capital-raising activities, rating updates from an Israeli rating agency, and corporate governance events such as annual general meeting outcomes.
This ESLT news page aggregates such items so readers can review contract awards, program developments, financial performance updates, securities-related announcements and other company communications in one place. Users researching Elbit Systems stock or the broader defense technology space can use this news feed to track how the company describes its business momentum, operational environment and interactions with customers and capital markets over time.
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.