Elbit Systems' stock surged 15% due to the upcoming operational status of its high-powered laser interception system, Iron Beam, by Nov. 2025. Elbit's order backlog of $21.1 billion suggests revenue could hit $7 billion in 2025, with further growth expected from global markets. Despite recent gains, ESLT stock remains undervalued compared to peers, trading at lower multiples in sales, EV to For...
HAIFA, Israel , Nov. 5, 2024 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that it was awarded a follow-on contract of approximately $127 million to supply Iron Fist Active Protection Systems (APS) to General Dynamics Ordnance and Tactical Systems (GD-OTS) for upgrades to the U.S. Army's Bradley M2A4E1 Infantry Fighting Vehicle...
Conference Call Scheduled for November 19, 2024 at 10:00am ET HAIFA, Israel , Oct. 29, 2024 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems") announced today that it will be releasing its third quarter 2024 financial results on Tuesday, November 19, 2024.
HAIFA, Israel , Oct. 28, 2024 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that it was awarded an approximately $200 million contract by the Israeli Ministry of Defense (IMOD) to supply high-power laser systems for the "Iron Beam" air defense system.
Defense stocks are gaining at writing following reports that Iran has launched a ballistic missile attack on Israel. The Israel Defence Forces (IDF) made that announcement only hours after a senior White House official warned that Iran is preparing for such an attack.
Elbit Systems' revenues grew in Q2, driven by increased demand for defense equipment and services, particularly in Israel. Adjusted operating profit increased, with backlog reaching $21.1 billion by the end of the second quarter. Analysts expect higher EBITDA and free cash flow for Elbit Systems, leading to a buy rating with a $236 price target for a 19% upside.
Elbit Systems Ltd. (NASDAQ:ESLT ) Q2 2024 Earnings Conference Call August 14, 2024 9:00 AM ET Company Participants David Ravia - Investor Relations Director Butzi Machlis - President and CEO Kobi Kagan - Chief Financial Officer Conference Call Participants Pete Skibitski - Alembic Global Greg Konrad - Jefferies Omri Efroni - Oppenheimer Operator Ladies and gentlemen, thank you for standing by.
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