Featured Company News – Elbit Systems Wins Command and Control Systems Contract

LONDON, UK / ACCESSWIRE / September 29, 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 Company announced on September 27, 2017, that it has been awarded a contract worth approximately US$300 million for the supply of command and control systems to a customer in Asia/Pacific. The contract will be for a duration of three years. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

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The President and Chief Executive Officer (CEO) of Elbit Systems, Bezhalel ‘Butzi’ Machlis, was quoted saying that the command and control systems solution was a result of the Company’s operational experience along with cutting-edge technology.

Raft of Deals

On September 26, 2017, Elbit Systems announced that it has been awarded a contract, for an amount of $240 million, to provide a wide array of defense electronic systems to a country in Africa. The contract, which will be performed over a two-year period, is comprised of Directed Infra-red Counter Measure (DIRCM) systems to protect aircraft from shoulder-fired missiles (Man-Portable Air Defense Systems – MANPADS), based on passive IR (Infrared) systems, and includes Missile Warning Systems (MWS), radio and communication systems, land systems, mini-UAS systems, and helicopters upgrade.

On September 12, 2017, US Customs and Border Protection (CBP) awarded Elbit Systems of America, LLC a contract to provide an in-fill radar system and tower. The amount of the award was not material to Elbit Systems, the parent company of Elbit Systems of America, LLC. The work is being performed in Texas.

Elbit Systems of America, LLC has partnered with C Speed, LLC to incorporate its LightWave Radar technology used for detecting small and low-flying airborne threats in a high clutter environment. C Speed’s LightWave radar has also been deployed worldwide to mitigate the effects of wind turbine clutter in similar environments.

On August 29, 2017, Elbit Systems announced that it was awarded an approximately $93 million contract from an Asia/Pacific country to upgrade its F-5 aircraft fleet. The contract will be performed over a three-year period. Under the upgrade contract, Elbit Systems will supply the F-5 with cutting-edge systems, including Head-Up Displays (HUDs), an advanced cockpit, radars, weapon delivery, and navigation systems, as well as DASH IV Head Mounted Systems.

Financials

The Company reported its Q2 2017 numbers in August 2017, and declared top-line revenue of US$818.3 million compared to last year’s revenue of US$804.5 million. It reiterated the growth of demand from across regions such as United States, Europe, and Asia. The CEO identified a trend in the United States defense spending which had helped the Company, while Europe saw an increase in sales owing to NATO countries boosting defenses along with countries like Russia. Regions of opportunities were identified as China and other far eastern countries.

The Company is working on an order backlog of US$7.33 billion.

About Elbit Systems Ltd

Elbit Systems is a world leader in a wide spectrum of defense, homeland security, and commercial programs across the globe and its subsidiaries operate in the field of aerospace, land and naval systems, command control, communications, computers, intelligence surveillance and reconnaissance (C4ISR), 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. The Company has also diversified into 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

On Thursday, September 28, 2017, the stock closed the trading session at $146.65, marginally slipping 0.07% from its previous closing price of $146.76. A total volume of 17.62 thousand shares have exchanged hands. Elbit Systems’ stock price skyrocketed 18.99% in the last three months, 28.11% in the past six months, and 52.97% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have soared 43.93%. The stock is trading at a PE ratio of 26.26 and has a dividend yield of 1.20%. At Thursday’s closing price, the stock’s net capitalization stands at $6.17 billion.

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