The Latest Breaking News from Elbit Systems Ltd

As global geopolitical tensions continue to escalate, the demand for robust defense solutions has never been more pronounced. Moreover, swift technological advancements are boosting the air defense sector. So, fundamentally sound air defense stocks Elbit Systems (ESLT), Cadre Holdings (CDRE), and Willis Lease Finance (WLFC) might be ideal buys for…

Riding the winds of heightened military sales, steadfast airline demand, and relentless U.S. Department of Defense advancements, the air defense industry stands on the brink of unprecedented growth. Thus, one could invest in General Dynamics (GD), Lockheed Martin (LMT), and Elbit Systems (ESLT) for lucrative returns. Read more.

Elbit Systems Ltd (NASDAQ:ESLT) has received a $220 million contract to supply precision guidance kits for airborne munitions to an Asia-Pacific country. The company will perform the contract over a 15-month timeframe. Elbit Systems will supply the Lizard precision guidance kit for general-purpose airborne warheads. The Lizard is a laser-based precision guidance kit…

Elbit Systems Ltd (NASDAQ:ESLT) has secured a $69 million contract to supply Electronic Warfare (EW) capabilities to a country in Asia-Pacific. The contract will be delivered over three years. "We witness a growing demand for our EW capabilities as militaries around the world increasingly recognize the importance of dominating the electromagnetic spectrum," commented…

Elbit Systems Ltd (NASDAQ:ESLT) reported first-quarter FY22 revenue growth of 21% year-over-year to $1.35 billion, with a significant part of the growth being organic, in addition to the contribution of Sparton. Adjusted gross margin declined 100 bps to 24.6%. Adjusted operating margin contracted to 4.9% from 8.3% in 1Q21. Adjusted EPS fell to…

Increased global military spending and Biden's commitment to supporting Ukraine in the fight against Russia should benefit the aerospace & defense industry. Therefore, outperforming aerospace and defense stocks, L3Harris (LHX), Lockheed Martin (LMT), Northrop Grumman (NOC), Elbit Systems (ESLT), and General Dynamics (GD), could be solid investments.

Elbit Systems Ltd (NASDAQ:ESLT) reported fourth-quarter FY21 revenue growth of 8.5% year-over-year to $1.49 billion, beating the consensus of $1.26 billion. Revenues by segments: Airborne systems $568.2 million (+18.3% Y/Y), C4ISR systems $400.9 million (+3.8% Y/Y), Land systems $353.1 million (+3.2% Y/Y), Electro-optic systems $118 million (+1.4% Y/Y) and Others $54.1 million…

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…