Featured Company News – Elbit Systems Receives a $240 Million Contract for Delivering Defense Electronic Systems to an African Country

LONDON, UK / ACCESSWIRE / September 28, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Elbit Systems Ltd (NASDAQ: ESLT), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=ESLT. The Israel-based international defense electronics Company announced on September 26, 2017, that it has been awarded a contract worth $240 million for providing a wide suite of defense electronic systems to a country in Africa. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

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Details About the Contract

The above-mentioned contract would be completed over a two-year period.

It is comprised of Directed Infra-red Counter Measure (DIRCM) systems to guard aircrafts from shoulder-fired missiles such as Man-Portable Air Defense Systems (i.e. MANPADS). This technology is based on passive Infrared systems.

The contract also encapsulates Missile Warning Systems (MWS), radio, and communication systems, land systems, mini-UAS systems, and helicopters upgrade.

Customers to Benefit from Elbit’s Unique Capabilities

Bezhalel (Butzi) Machlis, President and CEO at Elbit Systems, shared his views on receiving the new contract. He mentioned that the team is proud to have won the contract. This contract would provide Elbit Systems an opportunity to offer a range of systems and capabilities from different fields to its customers. He stated that it is a growing trend that he has recently observed in many countries.

Due to the unique structure that Elbit Systems offers, the customers would be able to gain from the synergy of its overall capabilities and, at the same time, focus on its requirements. Mr. Machlis highlighted that Elbit’s portfolio is based on cutting-edge technologies and operational know-how, due to which, the Company is able to customize its solutions and tailor them to customer’s needs. He hopes other companies will also follow suit to this growing trend.

Reorganization for CYBERBIT Business

Earlier this week, i.e. on September 18, 2017, Elbit Systems announced that it would reorganize the business of its wholly-owned subsidiary CYBERBIT Solutions. As a part of this reorganization, the defense Cyber Intelligence and Cyber Security business will be integrated with Elbit Systems Land and C4I Division and the commercial cyber business will continue to operate under CYBERBIT. The changes would be effective as of January 01, 2018.

There is an increasing demand for Cyber Security and Cyber Intelligence in the defense sector. This is because the modern battlefield requirements are shifting from C4I (i.e. command, control, communications, computers, and intelligence) to C5I, due to the addition of the cyber dimension. Elbit Systems Land and C4I Division deliver a high synergistic value in these areas, owing to their extensive operational experience of meeting market needs in the best way possible.

Regarding this move, Mr. Machlis commented that the reorganization would enable the Company to better deal with future challenges of all growing markets to best match its offerings and to position itself as global leader in all fields.

About Elbit Systems Ltd

Elbit Systems is an international high-technology Company engaged in a wide range of defense, homeland security, and commercial programs throughout the world. It is comprised of Elbit Systems and its subsidiaries. The Company operates in fields such as aerospace, land, and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance, unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios and cyber-based systems. Besides, it also focuses on the upgrading of existing platforms, developing new technologies for defense, homeland security, and commercial applications and providing a range of support services, including training and simulation systems.

Last Close Stock Review

At the closing bell, on Wednesday, September 27, 2017, Elbit Systems’ stock climbed 1.47%, ending the trading session at $146.76. A total volume of 44.34 thousand shares have exchanged hands, which was higher than the 3-month average volume of 27.00 thousand shares. The Company’s stock price skyrocketed 17.24% in the last three months, 28.52% in the past six months, and 53.23% in the previous twelve months. Moreover, the stock soared 44.04% since the start of the year. The stock is trading at a PE ratio of 26.28 and has a dividend yield of 1.20%. The stock currently has a market cap of $6.17 billion.

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