Core Viewpoint - Elbit Systems has been awarded a $228 million contract by General Dynamics Ordnance and Tactical Systems to supply its Iron Fist Active Protection System over a three-year period, following a previous contract awarded in May 2024 [1][3]. Group 1: Contract Details - The contract is for the Iron Fist Active Protection System (APS), which is designed to enhance the survivability of armored platforms against modern battlefield threats [2]. - The Iron Fist APS provides 360-degree protection against various anti-armor threats, including Anti-Tank Rockets, Anti-Tank Guided Missiles, Unmanned Aerial Systems, loitering munitions, and Kinetic-Energy tank ammunition [2]. Group 2: Company Background - Elbit Systems is a leading global defense technology company, employing approximately 20,000 people across five continents and reporting revenues of $1,922 million for the three months ended September 30, 2025 [5]. - The company has an order backlog of $25.2 billion as of September 30, 2025, indicating strong demand for its products and services [5]. Group 3: Leadership Statement - Bezhalel Machlis, President and CEO of Elbit Systems, emphasized the technological edge of the Iron Fist APS and the strategic partnership with GD-OTS and the U.S. Army, highlighting the trust placed in the company to enhance the survivability of American troops [4].

Market Performance - The Tel Aviv Stock Exchange experienced a decline, with the Tel Aviv 35 Index falling by 0.08% to 3,968.81 points, the Tel Aviv 125 Index decreasing by 0.85% to 3,987.85 points, and the BlueTech Global Index dropping by 0.10% to 698.43 points [1] - The All Bond corporate bond index decreased by 0.21% to 422.79 points, with total turnover amounting to NIS 3.84 billion in equities and NIS 5.91 billion in bonds [1] Foreign Exchange Rates - The representative shekel-dollar rate increased by 0.701% from Friday, reaching NIS 3.16/$, while the representative shekel-euro rate rose by 0.903% to NIS 3.676/€ [2] Top Gainers - Enlight Renewable Energy saw the largest gain on the Tel Aviv 35 Index, rising by 8.23%. Next Vision increased by 7.69%, and Elbit Systems Ltd. rose by 0.90%. Ormat Technologies Inc. and Bezeq Israel Telecommunications Company Ltd. also experienced gains of 1.13% and 2.17%, respectively [3] Top Losers - Nice recorded the largest decline on the Tel Aviv 35 Index, falling by 5.19%. ICL decreased by 1.95%, and Teva Pharmaceutical Industries Ltd. fell by 1.68%. Mizrahi Tefahot Bank and OPC Energy also saw declines of 1.81% and 1.16%, respectively [4]

The Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 0.44% to 3,866.86 points, the Tel Aviv 125 Index fell 0.33% to 3,913.39 points; but the BlueTech Global Index rose 0.74% to 697.62 points. The All Bond corporate bond index was unchanged 423.26 points. Turnover totalled NIS 4.51 billion in equities and NIS 4.97 billion in bonds. On the foreign exchange market, the representative shekel-dollar rate was set 0.032% higher from Monday, at NIS 3.151/$, and the representative shekel-euro rate wa ...

Core Viewpoint - Elbit Systems has secured contracts worth approximately $275 million for advanced airborne self-protection electronic warfare systems to be delivered over five years to a customer in the Asia-Pacific region [1][2]. Group 1: Contract Details - The contracts involve the supply of a comprehensive electronic warfare suite designed to protect helicopter platforms from missile threats, enhancing aircraft survivability and mission effectiveness [2][3]. - The solution includes the Mini-MUSIC™ Direct Infra-Red Counter-Measure (DIRCM) system, which utilizes advanced laser and tracking technologies to protect small and medium-sized aircraft against incoming missiles [2][3]. Group 2: Customer and Market Context - The systems will be customized to meet the specific operational needs of the customer's helicopter platform, ensuring robust protection in complex combat environments [3]. - These contracts are part of a broader trend, as Elbit Systems has secured numerous agreements in airborne self-protection solutions across various countries, including NATO and European nations [3][4]. Group 3: Company Overview - Elbit Systems is a leading global defense technology company, employing approximately 20,000 people across five continents and reporting revenues of $1,922 million for the three months ending September 30, 2025, with an order backlog of $25.2 billion [6].

Investment Opportunities in Venezuela's Oil Industry - President Trump's initiative aims to attract billions of dollars from US energy companies to revitalize Venezuela's oil sector, which is believed to have the world's largest oil reserves [1][4] - The plan includes US companies potentially rebuilding Venezuela's oil infrastructure and reviving production, with an initial offer of up to 50 million barrels of oil valued at approximately $3 billion [5][6] Challenges and Risks - Significant questions remain regarding the timeline and costs associated with increasing energy production, with concerns that the political will in both the US and Venezuela may wane over time [2] - The current global oil market is characterized by oversupply, with declining capital spending in oil due to abundant supply and lower-than-expected demand [3] - Experts estimate that restoring Venezuela's oil production could require investments of up to $100 billion over the next decade, raising doubts about the feasibility of such a turnaround [9] Major Players and Market Dynamics - Chevron is currently the only major US oil producer operating in Venezuela, with the potential to increase its cash flow by up to $700 million annually if production levels are restored [7] - Previous operators like Exxon Mobil and ConocoPhillips face challenges in recovering assets worth over $9 billion due to past seizures, complicating their return to the market [8] Refining and Related Opportunities - US refiners are already seeing increased interest, with about 140 million barrels of Venezuelan crude processed in 2025, representing 0.8% of total US throughput [11] - Companies like Valero Energy and PBF Energy could benefit from increased Venezuelan crude flows, while Phillips 66 may see upside from the need for imported diluent [12] Broader Investment Themes - The potential for increased tanker operations could benefit companies like DHT Holdings and Frontline, especially if Chevron charters compliant vessels to replace those circumventing US sanctions [13] - Beyond oil, Venezuela's rich mineral deposits present opportunities for mining companies, although the current state of the industry poses significant challenges [16][17] Infrastructure and Long-Term Investments - Rebuilding Venezuela's infrastructure is viewed as a long-term opportunity, with historical precedents suggesting that recovery in post-crisis markets can take years [18] - Investors are advised to consider high-quality regional companies with indirect exposure to Venezuela, treating direct investments as long-dated options [19] Defense and Food Sector Implications - Increased geopolitical uncertainty may benefit defense companies, with potential gains for firms like Lockheed Martin and Northrop Grumman [20] - Opportunities in food exports may arise if Venezuela's economy recovers, with companies like Bunge Global and Archer-Daniels-Midland positioned to benefit [21] Debt and Macro Considerations - The removal of Maduro has sparked interest in Venezuela's defaulted debt, with potential for higher recovery values as part of a debt restructuring [22][23] - The geopolitical shakeup could influence macro-oriented investments, with implications for oil prices and consumer confidence [24][25]

Core Insights - Elbit Systems Ltd. has completed the first model of the Sigma NG 155 millimeter howitzer, a self-propelled artillery system designed for next-gen warfare, at its South Carolina plant, emphasizing US production to align with local market demands [1] Group 1: Product Development - The Sigma NG howitzer incorporates US components, which were sent to Israel for assembly and expertise before being returned for installation in the turret system [2] - The Sigma NG is capable of firing all 155 millimeter shells and is similar to the IDF's Roem system, which took Elbit approximately six years to deliver to the IDF [2] Group 2: Market Strategy - The US variant of the Sigma NG is mounted on an Oshkosh 10X10 truck and includes locally sourced components, indicating a strategic move to enhance local production capabilities [3] - Elbit's actions may signal a trend for other Israeli companies to follow suit in the US market, potentially increasing competition and collaboration in defense manufacturing [3]

| ESLT 埃尔比特系统 | | | | --- | --- | --- | | 657_910 ↑ +17.840 +2.79% | | 收盘价 01/07 16:00 美东 | | 676.730 ↑ 18.820 +2.86% | | 盘前价 01/08 04:00 美东 | | 三 7 24 S m 9 目 ♥ 白 一 中 | | ● 快捷交易 | | 最高价 663.045 | 开盘价 642.730 | 成交量 16.47万 | | 最低价 640.560 | 昨收价 640.070 | 成交额 1.08亿 | | 平均价 656.068 | 市盈率TM 66.79 | 总市值 305.55亿(--) | | 振 幅 3.51% | 市盈率(静) 91.63 | 总股本 4644.22万 | | 换手率 0.61% | 市净率 7.612 | 流通值 176.33亿 | | 52周最高 663.045 | 委 比 62.16% | 流通股 2680.08万 | | 52周最低 284.406 | 量 比 1.38 | 每 手 1股 | | 历史景高 663.045 | 股息TTM 2.200 | ...

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 0.01% to 3,845.78 points - a new record, the Tel Aviv 125 Index rose 0.08% to 3,893.87 points; and the BlueTech Global Index rose 0.65% to 679.69 points. The All Bond corporate bond index rose 0.11% to 424.49 points. Turnover totalled NIS 5.41 billion in equities and NIS 4.99 billion in bonds. On the foreign exchange market, the representative shekel-dollar rate was set 0.348% higher from Tuesday, at NIS 3.175/$, and the representative she ...

Market Performance - The Tel Aviv Stock Exchange experienced a strong rise, with the Tel Aviv 35 Index increasing by 2.86% to 3,845.39 points, marking a new record [1] - The Tel Aviv 125 Index rose by 2.55% to 3,8980.80 points, and the BlueTech Global Index increased by 2.48% to 675.31 points [1] - The All Bond corporate bond index saw a slight increase of 0.12% to 424.03 points, with total turnover reaching NIS 5.44 billion in equities and NIS 8.35 billion in bonds [1] Currency Exchange Rates - The shekel-dollar exchange rate was set 0.19% higher at NIS 3.164/$, while the shekel-euro rate increased by 0.458% to NIS 3.705/€ [2] Notable Stock Movements - Camtek saw the largest increase on the Tel Aviv 35 index, rising by 10.85% [3] - Elbit Systems rose by 2.02% after securing a $150 million contract in Europe [3] - Tower Semiconductor increased by 4.80%, Next Vision rose by 6.83%, and Teva Pharmaceutical Industries increased by 6.64% [3] Banking Sector Performance - Bank Leumi led the market with a rise of 3.48% on the highest trading turnover, while Bank Hapoalim increased by 4.13% [4] - Mizrahi Tefahot Bank rose by 3.55%, and Israel Discount Bank increased by 3.09% [4] Declines in Stock Prices - Shufersal Ltd. experienced the largest decline on the Tel Aviv 35 Index, falling by 1.35% [4] - Navitas Petroleum and Big Shopping Centers fell by 1.06% and 1.14%, respectively [4] Significant Developments Outside the Tel Aviv 35 Index - Mega Or Holdings surged by 17% due to a deal to provide data center services to Nebius [5]

Market Performance - The Tel Aviv Stock Exchange experienced a rise, with the Tel Aviv 35 Index increasing by 1.16% to 3,738.33 points, marking a new record [1] - The Tel Aviv 125 Index rose by 1.64% to 3,794.16 points, and the BlueTech Global Index increased by 2.30% to 658.99 points [1] - The All Bond corporate bond index rose by 0.54% to 423.54 points, with total turnover reaching NIS 5.91 billion in equities and NIS 6.84 billion in bonds [1] Currency Exchange Rates - The shekel-dollar rate was set 0.723% lower at NIS 3.203/$, while the shekel-euro rate decreased by 1.153% to NIS 3.688/€ [2] Sector Performance - Construction stocks saw significant gains following the Bank of Israel's interest rate cut, with YH Dimri Construction and Development rising by 11.9%, the largest increase on the market [3] - Shapir Engineering and Industry rose by 9.62%, while Elbit Systems Ltd. increased by 5.27% after securing a $150 million contract in Europe [3] - Chip companies Camtek and Nova Ltd. rose by 11.61% and 11.72% respectively [3] Banking Sector - The banking sector faced declines after the unexpected interest rate cut by the Bank of Israel, with Bank Leumi falling by 2.20% and Bank Hapoalim decreasing by 2.35% [4] - Navitas Petroleum experienced the largest drop on the Tel Aviv 35 Index, falling by 4.88%, while Next Vision and Teva Pharmaceutical Industries Ltd. fell by 2.65% and 2.82% respectively [4]