Group 1 - Investors are maintaining a 15% increase in Elbit Systems' stock following the announcement of its high-powered laser interception system [1] - The focus is on Israel-domiciled stocks within various ETFs, including iShares MSCI Israel ETF, VanEck Israel ETF, Amplify Bluestar Israel Technology ETF, and ARK Israel Innovative Technology ETF [1]

Group 1 - Elbit Systems Ltd. has been awarded a follow-on contract worth approximately $127 million to supply Iron Fist Active Protection Systems to General Dynamics Ordnance and Tactical Systems for upgrades to the U.S. Army's Bradley M2A4E1 Infantry Fighting Vehicles [1] - The contract will be executed over a period of 34 months, indicating a long-term commitment to enhancing military capabilities [1] - The Iron Fist APS is designed to provide 360-degree protection against various anti-tank threats, showcasing its advanced technology and effectiveness in both open and urban environments [2][3] Group 2 - Elbit Systems is recognized for its innovative active protection systems, which are crucial for the self-defense of armored platforms [3] - The company employs over 20,000 people globally and reported revenues of approximately $1.6 billion as of June 30, 2024, with an order backlog of about $21.1 billion [5]

Company Overview - Elbit Systems is a leading global defense technology company that develops, manufactures, integrates, and sustains advanced solutions across multiple domains [4] - The company employs over 20,000 people in various countries across five continents [5] Financial Performance - As of June 30, 2024, Elbit Systems reported approximately $1.6 billion in revenues and an order backlog of approximately $21.1 billion [5] Upcoming Events - Elbit Systems will release its third quarter 2024 financial results on November 19, 2024 [1] - A conference call to discuss the results will be held at 10:00 am Eastern Time, with management available to answer questions [2]

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. Welcome to Elbit Systems Second Quarter 2024 Results Conference Call. All participants are present in listen only mo ...

Elbit Systems (ESLT) came out with quarterly earnings of $2.08 per share, beating the Zacks Consensus Estimate of $1.77 per share. This compares to earnings of $1.57 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 17.51%. A quarter ago, it was expected that this maker of defense electronics would post earnings of $1.60 per share when it actually produced earnings of $1.81, delivering a surprise of 13.13%. Over the last four q ...

Earnings Release ELBIT SYSTEMS REPORTS SECOND QUARTER 2024 RESULTS Order backlog at $21.1 billion; Revenues of $1.6 billion; Non-GAAP net income of $93 million; GAAP net income of $78 million; Non-GAAP net EPS of $2.08; GAAP net EPS of $1.76 Haifa, Israel, August 14, 2024 – Elbit Systems Ltd. ("Elbit Systems" or the "Company") (NASDAQ and TASE: ESLT), the international high technology defense company, reported today its consolidated results for the second quarter ended June 30, 2024. In this release, the Co ...

Core Insights - Elbit Systems reported a consolidated revenue of $1.6 billion for the second quarter of 2024, reflecting a 12% year-over-year increase from $1.45 billion in the same quarter of 2023 [3][4]. - The company has an order backlog of $21.1 billion, with approximately 69% of this backlog attributed to international orders [13][36]. - Non-GAAP net income for the second quarter of 2024 was $93 million, or $2.08 per diluted share, compared to $73.5 million, or $1.65 per diluted share, in the second quarter of 2023 [11][12]. Financial Performance - Revenues for the second quarter of 2024 were $1,626.2 million, up from $1,453.9 million in the second quarter of 2023 [4]. - Non-GAAP gross profit was $396.2 million, representing 24.4% of revenues, compared to $379.3 million or 26.1% of revenues in the same quarter of 2023 [6]. - GAAP net income attributable to shareholders was $78 million, up from $62.4 million in the second quarter of 2023 [11]. Segment Performance - Aerospace revenues remained stable compared to the second quarter of 2023, while C4I and Cyber revenues increased by 11% due to radio systems sales [5]. - ISTAR and EW revenues rose by 9%, driven by sales in Electronic Warfare and Electro-Optic systems in Israel and Asia-Pacific [5]. - Land revenues surged by 37%, primarily due to increased sales of ammunition in Israel [5]. Research and Development - Research and development expenses for the second quarter of 2024 were $116.8 million, or 7.2% of revenues, compared to $93.4 million, or 6.4% of revenues, in the second quarter of 2023 [7]. - Marketing and selling expenses decreased to $87.7 million, or 5.4% of revenues, from $101.7 million, or 7.0% of revenues, in the same quarter of 2023 [7]. Recent Contracts and Developments - The company was awarded a contract worth approximately $190 million to supply Iron Sting laser and GPS-guided mortar munitions to the Israeli Ministry of Defense [27]. - A contract valued at approximately $340 million for ammunition supply to the Israeli Ministry of Defense was also announced, with a manufacturing facility to be established [28]. - Elbit Systems secured a $270 million contract for rocket artillery supply to an international customer [29]. Impact of Current Events - The ongoing conflict in Israel has led to increased demand for Elbit Systems' products from the Israel Ministry of Defense, with a material rise in orders compared to pre-war levels [15]. - The company has experienced some operational disruptions due to supply chain constraints and employee mobilization for reserve duty, with approximately 6% of employees mobilized as of June 30, 2024 [16]. - Elbit Systems is taking measures to ensure employee safety and maintain production levels, including relocating production lines and increasing inventory [17]. Dividend Declaration - The Board of Directors declared a dividend of $0.50 per share, with a record date of October 15, 2024, and payment scheduled for October 28, 2024 [31]. Conference Call - A conference call was scheduled for August 14, 2024, to discuss the results and answer questions from investors [32].

HAIFA, Israel, Aug. 8, 2024 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that it was awarded a contract worth approximately $130 million to supply Iron Fist Active Protection Systems (APS) to BAE Systems Hägglunds. The systems will be installed on the CV90 Infantry Fighting Vehicle (IFV) as part of a project of a European country. The contract will be performed over a period of five and a half years. The Iron Fist APS is an advanced Hard K ...

HAIFA, Israel, Aug. 6, 2024 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that it was awarded a contract worth approximately $270 million to supply rocket artillery to an international customer. The contract will be performed over a period of 4 years. Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems: "This contract reaffirms Elbit Systems' position as a leading provider of advanced artillery solutions, enhancing the operational ...

HAIFA, Israel, Aug. 1, 2024 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today, that it was awarded a contract in an amount of approximately $340 million for the supply of ammunition to the Israeli Ministry of Defense (IMOD). The contract will be performed over a period of 10 years. Elbit Systems will establish a manufacturing facility to produce the ammunition. Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems: "We continue to expand ...