Elbit Systems Ltd. (ESLT) Secures $330M in Naval Defense Contracts
Elbit Systems Ltd. (NASDAQ:ESLT) has announced receiving several naval defense contracts from international customers, including NATO member states, with an aggregate value of $330 million.
Pavel Vakhrushev/Shutterstock.com
These contracts cover a broad range of naval solutions, underscoring Elbit Systems Ltd. (NASDAQ:ESLT)'s growing role in strengthening the naval capabilities of customers worldwide.
The award programs include the provision of electronic warfare solutions, advanced anti-submarine warfare systems, combat management systems, modernization and upgrade programs, and more.
Elbit Systems Ltd. (NASDAQ:ESLT)'s naval portfolio continues to evolve amid robust demand for real-time intelligence, multi-domain integration, and resilient defense capabilities. The company's naval technologies are already in use by several countries worldwide.
Bezhalel Machlis, President and CEO of Elbit Systems Ltd. (NASDAQ:ESLT), stated the following on the recent contract awards:
"The maritime domain represents an important growth engine for Elbit Systems, combining our internally developed capabilities with the assets and expertise acquired through strategic acquisitions. These recent contract wins highlight the increasing recognition of our technological leadership and the strong confidence that leading naval forces place in our ability to deliver cutting-edge, mission-ready solutions that meet the demands of today's evolving operational landscape."
The Israel-based defense technology company has seen its shares skyrocket by over 54% year-to-date, with high-value contracts such as these bolstering investor sentiment. It is one of the best performing stocks this year.
While we acknowledge the potential of ESLT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ESLT and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now.
Disclosure: None.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
Morgan Stanley Raises NVIDIA Corporation (NVDA)'s Stock Price Target to $170, Maintains Overweight Rating
On Thursday, Morgan Stanley lifted NVIDIA Corporation (NASDAQ:NVDA)'s stock price target to $170 from $160, while maintaining an Overweight rating for its shares. A close-up of a colorful high-end graphics card being plugged in to a gaming computer. The firm's analyst expressed optimism about the company's outlook, which stems from several factors. The risks associated with NVIDIA Corporation (NASDAQ:NVDA)'s shipments to China appear to have been mitigated. Customers' feedback indicates robust demand for the company's new technologies, leaving room for further growth in demand. Morgan Stanley's confidence in sustained high demand for NVIDIA Corporation (NASDAQ:NVDA)'s products has resulted in a 6% increase in the stock's price target, suggesting that their earlier estimates were conservative. The revision follows NVIDIA Corporation (NASDAQ:NVDA)'s announcement of Q1 FY26 results on May 28, in which the company reported better-than-anticipated earnings and revenue, driven by its booming data center business, recording a 73% year-over-year growth in revenue. NVIDIA Corporation (NASDAQ:NVDA)'s shares surged 5% in extended trading with investors encouraged by the news that sales hit from China export restrictions were not as bad as feared, as customers stockpiled the chips before the curbs took effect. However, the ongoing restrictions are expected to impact revenue by about $8 billion in Q2. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None. Sign in to access your portfolio
Yahoo
34 minutes ago
- Yahoo
We must ‘get real' about Trump abandoning Ukraine, Europe admits
British and French officials drawing up plans for a peacekeeping force in Ukraine have discussed the need to 'get real' about Donald Trump abandoning the country. Officials agreed to shift the focus from deploying European troops to back up any ceasefire to sustaining Kyiv's long-term defence against Russia's invasion without American support. There is now a genuine concern that the US president will follow through on his threat to walk away from his role as a mediator, having failed to bring Vladimir Putin to the negotiating table. 'Let's get real and admit the US will never be on board,' a Western official told the Telegraph, describing the dire mood at the meeting in the Hague. A European diplomat added: 'It was mostly about how to sustain the necessary support to Ukraine when we assume that the US would only continue providing some specific assets, such as intelligence. 'We also agreed on the need to step up economic pressure on Russia.' The meeting in the Dutch capital, attended by 'political directors' from foreign ministries, marked a stark change in roles of the 'coalition of the willing' devised by Sir Keir Starmer and Emmanuel Macron to uphold a possible ceasefire being pursued by the Americans. Sir Keir and Mr Macron have been pushing the 'coalition of the willing' proposal under which European allies would use their soldiers to help enforce any peace deal. More than 30 nations have indicated support, although only a handful have publicly offered to put troops on the ground in Ukraine. A central question had been whether Washington is willing to provide what has been described by UK figures as a 'security guarantee' or a 'back-up' for this force. The group still hasn't publicly conceded that its intentions have changed, with the chances of peace dwindling the longer Putin holds out against international pressure for a truce. The European nations also agreed to invite Volodymyr Zelensky, Ukraine's president, to the Nato summit in The Hague next month. His attendance had previously been in doubt after Mr Trump's vocal opposition to Ukraine joining the Western military alliance. General Keith Kellogg, Mr Trump's Ukraine envoy, said on Friday: 'We've said that, to us, Ukraine coming into Nato is not on the table. 'And we're not the only country that says that. You know, I can probably give you four countries in Nato, and it takes 32 of the 32 to allow you to come into Nato.' It is likely the coalition will continue to support the Trump peace efforts in public at the request of Ukrainian officials, who fear not doing so will result in the US leader ending weapons shipments and intelligence sharing. Although Washington has not signed off on deliveries of new weapons since Mr Trump took office, it continues to ship hardware agreed under Joe Biden's tenure. The US has also signed off on sales of domestically-produced kit, such as spares for F-16 fighter jets, to Ukraine, as well as allowing European nations to deliver American-made equipment. The meeting in the Dutch capital comes ahead of a key week of diplomacy. On Monday, Britain's national security adviser is expected to attend the next round of peace talks between Russia and Ukraine in Istanbul. Gen Kellogg told ABC News: 'We'll have what we call the E3. That is the national security advisers from Germany, France, and Great Britain…When we were in London, they kind of helped us mould a term sheet for Ukraine.' Moscow and Kyiv held their first direct negotiations in more than three years in the Turkish capital earlier this month. On Friday, the Kremlin said it would only discuss the conditions of a ceasefire at the talks in Istanbul after Kyiv demanded to see a peace memorandum prior to negotiations. Ukraine said it wanted to see a document setting out Russia's peace proposal before committing to sending officials to Istanbul. Andrii Sybiha, Ukraine's foreign minister, said: 'In order for the next planned meeting to be substantive and meaningful, it is important to receive a document in advance so that the delegation that will attend has the authority to discuss the relevant positions.' Sergei Lavrov, Russia's foreign minister, announced the second round of talks earlier this week after Donald Trump further criticised Vladimir Putin. The US president had called his Russian counterpart 'crazy' and accused him of 'playing with fire' before appearing to give him a two-week deadline to secure a deal. Next week, Britain and Germany will also host a meeting of the Ukraine Defence Contact Group of 50 nations coordinating military aid to Ukraine. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
Yahoo
an hour ago
- Yahoo
Sagtec Eyes AI Leadership with Smart Bridge Deal
Sagtec Global Limited (NASDAQ:SAGT) is moving forward with its plans by sealing a term sheet to acquire Smart Bridge Technology Limited, a dynamic AI software company, for $17.6 million. Poised to purchase the company at an approximate price-to-earnings (PE) ratio of 10, Sagtec is all set to transition to a full-spectrum AI technology leader, enabling it to deliver real-time intelligence to enterprises all over Asia. 'This acquisition accelerates Sagtec's vision of becoming the AI-first enterprise platform of the future,' mentioned Kevin Ng, Chairman, Executive Director, and Chief Executive Officer of Sagtec Global Limited (NASDAQ:SAGT). Under the transaction, Sagtec Global Limited (NASDAQ:SAGT) will expand its TAM into high-growth sectors where there is no survival without predictive analytics and behavioral intelligence. From capitalizing on mobile-first, intelligent enterprise software to intelligent POS and behavioral analytics, the company's relevance to this ever-evolving market is something that can't be denied. While the global AI retail market is projected to reach $43 billion by 2032, the SME-focused AI software market will surpass $25 billion. This acquisition proposal came soon after the company delivered around 8,000 Speed+ Cloud-Based Smart Ordering System licenses and 200 FoodKiosk smart self-service machines to a UAE partner. This initiative to rapidly expand the AI sector means that the giant has taken a new turn to be worth more and more over the years. While we acknowledge the potential of SAGT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SAGT and that has 100x upside potential, check out our report about the READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure. None.
