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Elbit Systems Ltd - ESLT STOCK NEWS

Welcome to our dedicated page for Elbit Systems news (Ticker: ESLT), a resource for investors and traders seeking the latest updates and insights on Elbit Systems stock.

Elbit Systems Ltd. (NASDAQ: ESLT, TASE: ESLT) is a leading global defense technology company, headquartered in Haifa, Israel. The company is renowned for developing, manufacturing, and integrating advanced, high-performance defense electronic and electro-optic systems. Their expertise extends across a multitude of sectors including defense, homeland security, and even commercial aviation.

Elbit Systems focuses on a broad range of sophisticated systems such as Command, Control, Communication, Computer, Intelligence, Surveillance and Reconnaissance (C4ISR) network-centric systems, which are pivotal for defense and homeland security operations. The company is also heavily involved in the production and modernization of unmanned vehicles, avionic systems, and aerostructure products, providing comprehensive support services to ensure their optimal performance and maintenance.

In recent years, Elbit Systems has achieved significant milestones. Notably, they secured a $50 million contract for their new air defense system, 'Red Sky™,' and a $37 million contract for the 'Iron Fist Active Protection Systems' aimed at enhancing the capabilities of the U.S. Army's Bradley Infantry Fighting Vehicles. Additionally, the company was awarded a $53 million contract to supply the 'Crossbow Unmanned Turreted Mortar Systems' and another aggregate $760 million in contracts for supplying ammunition to the Israeli Ministry of Defense.

Financially, Elbit Systems is robust, reporting revenues of approximately $6.0 billion in 2023 and an order backlog of $20.4 billion by March 2024. This impressive backlog underscores the global demand for their innovative products and solutions, supported by the expertise of approximately 19,000 employees across five continents.

Elbit Systems continues to thrive on its agile and collaborative culture, leveraging Israel's rich technology ecosystem to meet the rapidly evolving challenges of modern battlefields. Their ability to adapt and innovate ensures they remain at the forefront of defense technology, delivering solutions that enhance security and safety worldwide.

News

Elbit Systems Awarded Contracts from the Israel Ministry Of Defense in an Aggregate Material Amount

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Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) has been awarded a series of contracts by the Israel Ministry of Defense (IMOD) since the beginning of the Swords of Iron War, resulting in a considerable increased demand for its solutions. This increased demand may continue and could generate material additional orders to the Company.
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Elbit Systems of America Awarded an ID/IQ Contract With a Ceiling of $500 Million for the Supply of Squad Binocular Night Vision Goggles to the U.S. Marine Corps

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Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) announced an indefinite delivery/ indefinite quantity (ID/IQ) contract with a maximum ceiling of $500 million from the U.S. Department of Defense for the supply of Squad Binocular Night Vision Goggle (SBNVG) systems. The contract includes spare and repair parts, contractor logistics supports, and test article refurbishment. Elbit Systems of America received an initial delivery order award worth approximately $127 million. The SBNVG system is a lightweight helmet-mounted system that provides superior nighttime viewing, enhancing warfighter situational awareness and performance.
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ELBIT SYSTEMS REPORTS THIRD QUARTER 2023 RESULTS

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Elbit Systems Ltd. (ESLT) reported a backlog of orders at $16.6 billion, revenues of $1.5 billion, non-GAAP net income of $73.5 million, and GAAP net income of $60.7 million for the third quarter ended September 30, 2023. The company experienced double-digit revenue growth and a significant increase in the backlog, driven by increased demand for its solutions by the Israel MOD. Revenues from aerospace, C4I, and cyber segments increased, while land revenues and Elbit Systems of America revenues showed mixed performance. Financial data revealed a positive trend in gross profit, operating income, and net income, but increased financial expenses and taxes. The impact of the 'Swords of Iron' War on the company's operations and financial results was discussed, highlighting the increased demand for solutions from the Israel MOD and the operational disruptions experienced by the company. The company also provided non-GAAP financial data, reporting adjusted gross profit, operating income, net income, and diluted earnings per share.
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Elbit Systems Schedules Third Quarter 2023 Results Release For November 28, 2023

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Elbit Systems Ltd. will release its third quarter 2023 financial results on November 28, 2023. A conference call will be held on the same day at 9:00am ET to discuss the results and answer questions. The call will be broadcast live on Elbit Systems' website.
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Elbit Systems Awarded Approximately $135 Million Contract to Establish an Artillery Ammunition Factory for an International Customer

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Elbit Systems has been awarded a $135 million contract to establish an artillery ammunition factory for an international customer. The contract will be performed over a period of two years. Elbit Systems has extensive experience in ammunition production and will leverage its technical and operational knowledge for this project.
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Elbit Systems Awarded Approximately $170 Million Contract to Become the Integration Partner for Swedish Army LSS Mark Digitization Program

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Elbit Systems Sweden, a subsidiary of Elbit Systems, has been awarded a $170 million contract to become the integration partner for the Swedish Army's digitalization program. The contract will be performed over a ten year period.
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Elbit Systems Files a Shelf Prospectus in Israel

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Elbit Systems files shelf prospectus to raise funds through offerings and sales of securities in Israel.
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Elbit Systems Awarded a Contract Worth Approximately $115 Million to Supply Tank Ammunition to a European Country

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Elbit Systems awarded $115 million contract to supply tank ammunition to NATO country
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Elbit Systems Awarded a $95 Million Contract to Supply Canister Configuration SkyStriker Loitering Munitions to a European Country

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Elbit Systems awarded $95 million contract to supply SkyStriker loitering munitions to a European country.
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Elbit Systems Awarded $109 Million Contract by BAE Systems Hägglunds to Supply Iron Fist Active Protection System for the CV90 Platform

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Elbit Systems awarded $109 million contract to supply Iron Fist APS to BAE Systems Hägglunds for CV90 platform
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FAQ

What is the current stock price of Elbit Systems (ESLT)?

The current stock price of Elbit Systems (ESLT) is $257.78 as of December 20, 2024.

What is the market cap of Elbit Systems (ESLT)?

The market cap of Elbit Systems (ESLT) is approximately 11.5B.

What does Elbit Systems Ltd. specialize in?

Elbit Systems specializes in developing, manufacturing, and integrating advanced defense electronic and electro-optic systems, with expertise in C4ISR network-centric systems, unmanned vehicles, avionic systems, and aerostructures.

What recent contracts has Elbit Systems secured?

Recent contracts include a $50 million deal for the 'Red Sky™' air defense system, a $37 million contract for 'Iron Fist Active Protection Systems,' and a $53 million contract for 'Crossbow Unmanned Turreted Mortar Systems.'

How is Elbit Systems performing financially?

Elbit Systems reported approximately $6.0 billion in revenues for 2023 and had an order backlog of $20.4 billion as of March 2024.

Where is Elbit Systems headquartered?

Elbit Systems is headquartered in Haifa, Israel.

How many employees does Elbit Systems have?

Elbit Systems employs approximately 19,000 people across five continents.

What sectors does Elbit Systems serve?

Elbit Systems serves the defense, homeland security, and commercial aviation sectors.

What are some of Elbit Systems' key products?

Key products include C4ISR systems, unmanned vehicles, avionics, aerostructures, and advanced weapon systems like 'Red Sky™' and 'Iron Fist APS.'

Who are Elbit Systems' clients?

Elbit Systems' clients include government, defense, and homeland security contractors worldwide.

Does Elbit Systems offer product support?

Yes, Elbit Systems provides comprehensive support services, including maintenance instructions and specialist teams to ensure optimal product performance.

What is the significance of Elbit Systems' order backlog?

The order backlog of $20.4 billion as of March 2024 indicates strong global demand and future revenue streams, highlighting the company's market relevance.

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Elbit Systems Ltd

Nasdaq:ESLT

ESLT Rankings

#784 Ranked by Market Cap
#1914 Ranked by Dividends

ESLT Stock Data

11.47B
24.90M
44.02%
19.55%
0.12%
Aerospace & Defense
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United States of America
Haifa