The Latest Breaking News from Elbit Systems Ltd

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The aerospace and defense industry is poised for tremendous growth driven by rising geopolitical tensions and increased defense spending. Hence, quality aerospace stocks, Textron (TXT), Elbit Systems (ESLT), and Lockheed Martin (LMT) might be worth buying for a secured portfolio. Read more….

Amid the mounting global geopolitical unrest, the defense sector is poised to grow, buoyed by significant investments in cutting-edge technologies. Therefore, quality defense stocks Elbit Systems (ESLT), OSI Systems (OSIS), and Willis Lease Finance (WLFC), backed by smart money, could be solid buys now. Read on.

Elbit Systems Ltd (NASDAQ:ESLT) has secured a contract valued at $548 million to supply military-wide multi-domain combat networked warfare capabilities to the Armed Forces of a country in Asia-Pacific. ESLT, which is engaged in networked warfare programs in several countries, will perform the contract over a four-year period. The program will include extensive…

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…