Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Akanksha Bakshi

Elbit Systems Secures $16M Contract To Supply Space Telescope

  • Elbit Systems Ltd (NASDAQ:ESLT) has secured a contract worth ~$16 million to supply a space telescope to the Weizmann Institute of Science under Israel's Ultraviolet Transient Astronomy Satellite (ULTRASAT) program to observe and research deep space.
  • The contract will be performed over a period of two years.
  • The ULTRASAT program is jointly managed and funded by the Weizmann Institute of Science and the Israeli Space Agency.
  • Elbit Systems will develop, manufacture, and integrate a highly sensitive, wide field of view ultraviolet space telescope to help scientists understand the creation of heavy elements, black holes, and gravitational waves and discover astronomical phenomena.
  • Price Action: ESLT shares closed lower by 1.68% at $163.71 on Tuesday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.