elbit systems ltd (ESLT) Key Developments
Elbit Systems Ltd. Wins $80 Million Contract to Supply Latin American Country with Advanced Electronic Systems
Aug 13 14
Elbit Systems Ltd. announced that it was awarded an $80 million contract to supply a Latin American country with Command, Control, Computer & Communications (C4I) systems. The project, to be performed over a three-year period, is part of the Army's extensive modernization program and is designated for all echelons, from the maneuvering forces up to the command headquarters. The new, unified communications network will play an important role during emergencies and natural hazards and disasters and will facilitate a real-time common operational picture, providing the Land Forces with enhanced operational performance and situational awareness.
Elbit Systems Ltd. Declares Dividend for the Second Quarter of 2014, Payable on September 1, 2014
Aug 6 14
The Board of Directors of Elbit Systems Ltd. declared a dividend of $0.32 per share for the second quarter of 2014. The dividend's record date is August 19, 2014. The dividend will be paid from income generated as Preferred Income (as defined under Israeli tax laws), on September 1, 2014, net of taxes and levies, at the rate of 20%.
Elbit Systems Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
Aug 6 14
Elbit Systems Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's revenues were $702.6 million, as compared to $702.9 million in the second quarter of 2013. Operating income was $62.6 million as compared to operating income of $66.7 million in the second quarter of 2013. The non-GAAP operating income was $73.1 million as compared to $70.5 million in the second quarter of 2013. Net income attributable to the company's shareholders was $43.9 million as compared to $49.6 million in the second quarter of 2013. The non-GAAP net income was $52.6 million as compared to $50.4 million in the second quarter of 2013. Diluted net earnings per share attributable to the company's shareholders were $1.03 compared with diluted net earnings per share of $1.17 for the second quarter of 2013. The non-GAAP diluted earnings per share were $1.23, as compared with diluted net earnings per share of $1.19 for the second quarter of 2013. Income before income taxes was $54.402 million compared with $54.080 million a year ago. Income from continuing operations was $51.498 million or $1.17 per diluted share compared with $46.197 million or $1.03 per diluted share a year ago.
For the six months, the company's GAAP operating income was $122.5 million compared with $120.5 million a year ago. Non-GAAP operating income was $138.1 million compared with $135.9 million a year ago. GAAP net income attributable to the company's shareholders was $92.0 million or $2.16 per diluted share compared with $91.0 million or $2.17 per diluted share a year ago. Non-GAAP net income attributable to the company's shareholders was $104.4 million or $2.45 per diluted share compared with $101.6 million or $2.41 per diluted share a year ago. Revenues were $1,385.260 million compared with $1,383.063 million a year ago. Income before income taxes was $109.689 million compared with $99.888 million a year ago. Income from continuing operations was $96.395 million or $2.16 per diluted share compared with $94.4 million or $2.14 per diluted share a year ago. Purchase of property, plant and equipment was $26.988 million compared with $32.950 million a year ago. Operating cash flow was $15.8 million for the first half of 2014, as compared to $60.9 million in the first half of 2013. The company's cash flow was negatively affected mainly by the delay in payments from the Israeli Ministry of Defense.
Elbit Systems Ltd. Presents at Jefferies 2014 Global Industrials Conference, Aug-14-2014 02:00 PM
Jul 24 14
Elbit Systems Ltd. Presents at Jefferies 2014 Global Industrials Conference, Aug-14-2014 02:00 PM. Venue: Grand Hyatt, 109 E. 42nd St., New York, New York, United States. Speakers: Joseph Gaspar, Chief Financial Officer, Principal Accounting Officer and Executive Vice President.
Elbit Systems Ltd. to Launch New Generation of CoMPASS Family of Payloads
Jul 15 14
Elbit Systems Ltd. has announced that it will launch new generation of its CoMPASS family of payloads, the DCoMPASS FHD iMEP, an integrated mission equipment package featuring light weight integrated solution. Specially designed for light weight platforms as light attack/search & rescue helicopters, MALE UAS' and jet Special Mission Aircraft (SMA), the iMEP integrates multiple mission systems and capabilities in a size-weight-power (SWAP) of a standard 15", 40kg EO/IR Payload. The iMEP introduces an integrated digital map, DVR, navigation and data link system, together with an open architecture design for easy and straight forward integration of additional mission equipment. The DCoMPASS FHD iMEP provides a significant advance in payload system capabilities while facilitating easy upgrades of the legacy investments of current customers. It allows an optimal operating point for the major system parameters of performance, weight, power consumption and size, all at a highly competitive price. The DCoMPASS FHD iMEP video interfaces were upgraded to support multiple HD digital video outputs together with the existing mechanical and electrical interfaces of earlier generation systems. This facilitates easy upgrades for existing legacy platforms, thus protecting the investments of current users.