Elbit Wins $315 Million in Israeli Military Contracts

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

On Monday, Israeli defense contactor Elbit Systems (NASDAQ: ESLT  ) announced that it has won a series of contracts from Israel's Ministry of Defense worth a combined $315 million. Specifically, the company will:

  • Sell an unspecified number of its Hermes 900 unmanned aircraft systems over the course of three years, and provide maintenance services for eight, worth a combined $90 million.
  • Sell electronic warfare systems used by Israeli Air Force (IAF) F-15 and F-16 fighter jets and Israeli Navy Missile Vessels over four years, also worth $90 million.
  • Provide avionics and battle management systems, and also virtual training and related services to the IAF, worth $75 million over a six-year period.
  • Provide the Israel Defense Forces with mortar systems, worth $35 million over six years.
  • Supply advanced observation and long-range target acquisition systems, worth $25 million over three years.

Shares of Elbit are up 2.9% on the news at $39.56.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2173749, ~/Articles/ArticleHandler.aspx, 10/21/2016 7:26:26 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 10 hours ago Sponsored by:
DOW 18,162.35 -40.27 -0.22%
S&P 500 2,141.34 -2.95 -0.14%
NASD 5,241.83 -4.58 -0.09%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/20/2016 4:00 PM
ESLT $96.70 Down -1.05 -1.07%
Elbit Systems CAPS Rating: ****