Elbit Systems (NASDAQ:ESLT) Stock

Elbit Systems

Elbit Systems Ltd is a technology company involved in producing a portfolio of systems and products for aircraft, land, and naval applications. The company's products are used for defense, homeland security, and commercial flight capabilities. Its systems and solutions may be installed on new platforms, or it may perform a comprehensive modernization program to transform a platform. Elbit Systems gives instructions to its customers on the proper maintenance of its products and will provide support team specialists when the customer cannot fix a problem. The company markets its systems and products as a prime contractor or as a subcontractor to government, defense, and homeland security contractors world wide.

Cathie Wood's Ark Sells $10M Of Tesla Stock As Trump's AV Plans Boost Stock

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ACCD

ARKW

ESLT

HOOD

On Wednesday January 22, 2025, Cathie Wood-led Ark Invest sold $927,107 worth of Robinhood shares.

Cathie Wood&#39;s Wednesday Moves: Ark Invest Dumps Robinhood Stock

Cathie Wood Takes Profit On Hot AI Stock Palantir Again, Continues To Sell Block Shares Amid Bitcoin Buzz

ABSI

ARKG

ARKK

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ARKX

ILMN

NTLA

OKLO

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Cathie Wood-led Ark Invest made significant trades involving ACCD, DE, NTLA, PATH, CCJ, OKLO, ILMN, ESLT, and ABSI.

Cathie Wood&#39;s Ark Invest Buys Into Defense And Energy Stocks Amid Trump&#39;s Inaugural Policies

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In November and early December 2024, flying taxi maker Archer Aviation Inc. (NYSE:ACHR) has taken off—the urban air mobility company saw its share price soar by almost 139% in the month leading to December 6. As a

Archer or Joby: Which Aviation Company Might Rise Fastest?

Elbit Systems Ltd

On Wednesday, Cathie Wood-led Ark Invest made a significant move by selling shares of Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>).
The Robinhood Trade
Ark Invest&#8217;s ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) fund sold 18,483 shares of Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) on Wednesday. The transaction was valued at approximately $927,107, based on Robinhood&#8217;s closing price of $50.16. This sale occurs as Robinhood navigates a challenging market environment, influenced by economic indicators and potential regulatory shifts.
Recent reports have highlighted Robinhood&#8217;s vulnerability to economic fluctuations, particularly those affecting retail investors. A report from early January noted that Robinhood&#8217;s <a href="https://www.benzinga.com/news/25/01/42878117/whats-going-on-with-robinhood-markets-stock">stock faced pressure</a> due to a cooling U.S. labor market, which could impact its trading-dependent revenue model. The ADP National Employment Report indicated a slowdown in job growth, potentially affecting trading volumes on Robinhood&#8217;s platform.
Despite these challenges, Robinhood has been identified as a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42086650/robinhood-positioned-as-top-crypto-deregulation-trade-says-bernstein">key player</a> in the potential deregulation of the cryptocurrency sector. A Bernstein report positioned the brokerage as a top beneficiary of regulatory changes, suggesting a promising outlook for its growth. This dual narrative of economic challenges and regulatory opportunities frames Ark Invest&#8217;s decision to adjust its position in Robinhood.
Other Key Trades:
<ul>
<li>Sold 61,235 shares of Accolade Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACCD#NASDAQ">ACCD</a>) from the ARKG fund.</li>
<li>Bought 307 shares of Deere &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) for the ARKQ fund and 93 shares via ARKX.</li>
<li>Sold 307 shares of Elbit Systems Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) from the ARKQ fund and 93 shares via ARKX.</li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Cathie Wood's Wednesday Moves: Ark Invest Dumps Robinhood Stock

On Tuesday, Cathie Wood-led Ark Invest made significant trades involving Accolade Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACCD#NASDAQ">ACCD</a>), Deere &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>), Intellia Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTLA#NASDAQ">NTLA</a>), UiPath Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>), Cameco Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>), Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>), Illumina Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>), Elbit Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>), and Absci Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABSI#NASDAQ">ABSI</a>).
The trades include defense and energy companies, which have been in focus since the inauguration of Donald Trump. The President signed orders on Monday aimed at making it cheaper for companies to produce oil and gas, which could have an impact on energy companies. Defense stocks have also been in focus due to expectations of a pro-Israel stance from the new administration.
The NTLA Trade
The Ark Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>) and Ark Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) collectively purchased 91,889 shares of Intellia Therapeutics Inc. Based on the closing price of $9.94, the total value of the trade amounts to approximately $913,580.06. This move indicates Ark&#8217;s continued confidence in the gene-editing sector.
The PATH Trade
Ark Invest sold 21,879 shares of UiPath Inc. through its ARKK fund. Given the closing price of $13.33, the trade is valued at around $291,712.07. This sale suggests a shift in Ark&#8217;s stance on the automation software company.
The DE Trade
Ark Invest&#8217;s ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>) and ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>) purchased a total of 3,474 shares of Deere &amp; Co. With the closing price at $463.15, the trade is worth approximately $1,607,571.10.
The CCJ Trade
Ark Invest also bought 17,504 shares of Cameco Corp (CCJ) through its ARKQ fund, valued at approximately $937,589.44 at the closing price of $53.56.
Other Key Trades:
<ul>
<li>Oklo Inc: Ark Invest sold 50333 shares through ARKQ.</li>
<li>Elbit Systems: Ark Invest Sold 2074 shares through ARKQ and 627 shares through ARKX.</li>
<li>Illumina Inc: Ark Invest bought 15876 shares through ARKG.</li>
<li>Absci Corp: Ark Invest bought 79411 shares through ARKG.</li>
<li>Accolade Inc: Ark Invest sold 466,337 shares through ARKG.</li>
</ul>
Photo courtesy: Ark Invest

Cathie Wood's Ark Invest Buys Into Defense And Energy Stocks Amid Trump's Inaugural Policies

WIIM

Elbit Systems shares are trading higher after the company reported better-than-expected Q3 financial results.

Elbit Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) shares are trading higher premarket on Tuesday after it reported&nbsp;third-quarter&nbsp;revenue of&nbsp;$1.718&nbsp;billion,&nbsp;beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n42055705/elbit-systems-reports-third-quarter-2024-results" rel="noreferrer noopener">consensus of&nbsp;$1.608 billion</a>.
Segment revenues (year over year): Aerospace&nbsp;$492.2 million,&nbsp;+7%), C4I and Cyber&nbsp;$213.4 million&nbsp;(+13%), ISTAR and EW&nbsp;$323.9 million&nbsp;(+13%), Land&nbsp;$421.8 million&nbsp;(+24%) and Elbit Systems of America (ESA)&nbsp;$416.6 million&nbsp;(+17%).
Adjusted gross margin contracted to&nbsp;24.4%&nbsp;from&nbsp;24.9%&nbsp;a year ago, and adjusted operating margin stood at&nbsp;8.2%&nbsp;(vs. 8.0% a year ago) in the quarter.
Adjusted EPS rose to&nbsp;$2.21&nbsp;from&nbsp;$1.71&nbsp;a year ago,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beating the consensus of&nbsp;$1.86.</a>
ESLT&#8217;s&nbsp;backlog of orders, as of September-end,&nbsp;totaled&nbsp;$22.1&nbsp;billion.&nbsp;Operating cash flow stood at&nbsp;$82.5&nbsp;million&nbsp;in nine months ended September&nbsp;30.
Bezhalel&nbsp;(Butzi) Machlis, President and CEO, said,&nbsp;&#8220;Elbit Systems reports a strong quarter, with substantial growth across key performance measures exceeding our internal goals, while meeting our customers&#8217; needs in&nbsp;Israel&nbsp;and worldwide.&#8221;
Dividend: The company declared a dividend of&nbsp;$0.50&nbsp;per share, payable on January 6 to the shareholders of record date on December 23.
Yesterday, Elbit Systems secured $335 million in contracts to supply a European country with PULS rocket launchers, rockets, and Hermes 900 <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n42030188/elbit-systems-awarded-contracts-worth-approximately-335-million-to-supply-defense-systems-to-a-eur" rel="noreferrer noopener">UAS equipped with advanced payloads</a>.
Last month, Elbit Systems secured a $200 million contract with the Israeli Ministry of Defense for high-power lasers in the <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41569606/elbit-systems-secures-200m-contract-for-high-power-laser-defense-stock-gains" rel="noreferrer noopener">&#8220;Iron Beam&#8221; air defense system</a>.
Price Action: ESLT shares&nbsp;are up 3.77% at $244.00 premarket at the last check Tuesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/42056899" target="_blank" rel="noreferrer noopener">Jim Cramer Thinks Trump&#8217;s Plans For Robotaxis Are &#8216;Fanciful,&#8217; But He Is Still Bullish On Tesla Stock: &#8216;The Musk Premium Will Work Its Magic In Other Ways&#8217;</a></li>
</ul>

Earnings

Large Cap

Movers

Elbit Systems Crushes Q3 Expectations Boosted By Global Defense Demand

Elbit Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) reported quarterly earnings of $2.21 per share which beat the analyst consensus estimate of $1.86 by 18.82 percent. The company reported quarterly sales of $1.718 billion which beat the analyst consensus estimate of $1.608 billion by 6.81 percent. This is a 14.38 percent increase over sales of $1.502 billion the same period last year.

Earnings Beats

Elbit Systems Q3 2024 Adj. EPS $2.21 Beats $1.86 Estimate, Sales $1.718B Beat $1.608B Estimate

<h3>Companies Reporting Before The Bell</h3>
• Star Equity Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRR#NASDAQ">STRR</a>) is likely to report quarterly loss at $0.32 per share on revenue of $13.15 million. 
• EuroDry (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDRY#NASDAQ">EDRY</a>) is projected to report quarterly loss at $0.23 per share on revenue of $19.14 million. 
• S&amp;W Seed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANW#NASDAQ">SANW</a>) is expected to report quarterly loss at $1.40 per share on revenue of $17.00 million. 
• GDS Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDS#NASDAQ">GDS</a>) is likely to report quarterly loss at $0.21 per share on revenue of $415.42 million. 
• Valvoline (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VVV#NYSE">VVV</a>) is expected to report quarterly earnings at $0.42 per share on revenue of $432.47 million. 
• Energizer Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENR#NYSE">ENR</a>) is likely to report quarterly earnings at $1.17 per share on revenue of $805.43 million. 
• Jacobs Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/J#NYSE">J</a>) is likely to report quarterly earnings at $1.37 per share on revenue of $3.01 billion. 
• Kingsoft Cloud Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) is likely to report quarterly loss at $0.14 per share on revenue of $247.64 million. 
• Atour Lifestyle Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATAT#NASDAQ">ATAT</a>) is expected to report quarterly earnings at $0.36 per share on revenue of $264.74 million. 
• MYT Netherlands Parent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MYTE#NYSE">MYTE</a>) is estimated to report quarterly loss at $0.06 per share on revenue of $203.93 million. 
• Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) is expected to report quarterly earnings at $2.82 per share on revenue of $19.94 billion. 
• Vipshop Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) is projected to report quarterly earnings at $0.33 per share on revenue of $2.91 billion. 
• Weibo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) is expected to report quarterly earnings at $0.44 per share on revenue of $435.98 million. 
• Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) is estimated to report quarterly earnings at $0.53 per share on revenue of $167.72 billion. 
• Viking Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIK#NYSE">VIK</a>) is expected to report quarterly earnings at $0.85 per share on revenue of $1.66 billion. 
• Danimer Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNMR#NYSE">DNMR</a>) is likely to report quarterly loss at $0.20 per share on revenue of $8.57 million. 
• Northern Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTIC#NASDAQ">NTIC</a>) is likely to report quarterly earnings at $0.19 per share on revenue of $22.50 million. 
• Eltek (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELTK#NASDAQ">ELTK</a>) is likely to report quarterly earnings at $0.31 per share on revenue of $12.40 million. 
• Futu Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>) is expected to report quarterly earnings at $0.97 per share on revenue of $347.63 million. 
• Allot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>) is estimated to report quarterly loss at $0.03 per share on revenue of $22.80 million. 
• Elbit Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) is likely to report quarterly earnings at $1.86 per share on revenue of $1.61 billion. 
• XPeng (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) is estimated to report quarterly loss at $0.27 per share on revenue of $1.38 billion. 
• Amer Sports (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AS#NYSE">AS</a>) is projected to report quarterly earnings at $0.10 per share on revenue of $1.30 billion. 
• Medtronic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) is projected to report quarterly earnings at $1.25 per share on revenue of $8.27 billion. 
• Oaktree Specialty Lending (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCSL#NASDAQ">OCSL</a>) is estimated to report quarterly earnings at $0.56 per share on revenue of $96.90 million. 
<h3>Companies Reporting After The Bell</h3>
• Workhorse Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>) is projected to report quarterly loss at $0.82 per share on revenue of $4.68 million. 
• XP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XP#NASDAQ">XP</a>) is likely to report quarterly earnings at $0.40 per share on revenue of $772.20 million. 
• AZEK Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZEK#NYSE">AZEK</a>) is likely to report quarterly earnings at $0.27 per share on revenue of $339.99 million. 
• Algorhythm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIME#NASDAQ">RIME</a>) is estimated to report earnings for its third quarter. 
• Sociedad Quimica Y Minera (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>) is likely to report quarterly earnings at $0.66 per share on revenue of $1.09 billion. 
• StoneX Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNEX#NASDAQ">SNEX</a>) is estimated to report quarterly earnings at $2.05 per share on revenue of $462.98 million. 
• Kore Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KORE#NYSE">KORE</a>) is estimated to report quarterly loss at $0.63 per share on revenue of $67.90 million. 
• ReNew Energy Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNW#NASDAQ">RNW</a>) is expected to report quarterly earnings at $0.12 per share on revenue of $313.59 million. 
• Qifu Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QFIN#NASDAQ">QFIN</a>) is likely to report quarterly earnings at $1.42 per share on revenue of $588.49 million. 
• Star Bulk Carriers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NASDAQ">SBLK</a>) is expected to report quarterly earnings at $0.99 per share on revenue of $305.05 million. 
• Powell Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>) is likely to report quarterly earnings at $3.55 per share on revenue of $286.49 million. 
• La-Z-Boy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) is estimated to report quarterly earnings at $0.64 per share on revenue of $505.98 million. 
• Auna (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AUNA#NYSE">AUNA</a>) is projected to report quarterly earnings at $0.21 per share on revenue of $297.67 million. 
• Varex Imaging (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VREX#NASDAQ">VREX</a>) is expected to report quarterly earnings at $0.09 per share on revenue of $200.54 million. 
• Keysight Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) is likely to report quarterly earnings at $1.57 per share on revenue of $1.26 billion. 
• ZTO Express (Cayman) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTO#NYSE">ZTO</a>) is estimated to report quarterly earnings at $0.41 per share on revenue of $1.48 billion. 
• Dolby Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLB#NYSE">DLB</a>) is estimated to report quarterly earnings at $0.70 per share on revenue of $307.94 million. 
• Golub Capital BDC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GBDC#NASDAQ">GBDC</a>) is expected to report quarterly earnings at $0.44 per share on revenue of $234.39 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For November 19, 2024

Elbit Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) is preparing to release its quarterly earnings on Tuesday, 2024-11-19. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Elbit Systems to report an earnings per share (EPS) of $1.86.
Investors in Elbit Systems are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Overview of Past Earnings</h3>
In the previous earnings release, the company beat EPS by $0.31, leading to a 1.49% increase in the share price the following trading session.
Here's a look at Elbit Systems's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.77</td>
<td>1.35</td>
<td>1.38</td>
<td>1.70</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>2.08</td>
<td>1.81</td>
<td>1.56</td>
<td>1.65</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>-0.0%</td>
<td>3.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1731938512_0.png" alt="eps graph" />
<h3>Tracking Elbit Systems's Stock Performance</h3>
Shares of Elbit Systems were trading at $236.88 as of November 15. Over the last 52-week period, shares are up 16.42%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/ESLT/earnings">To track all earnings releases for Elbit Systems visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Elbit Systems

Elbit Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>)&nbsp;(TASE: ESLT)&nbsp;("Elbit Systems" or the "Company") announced today that it was awarded contracts worth a total amount of approximately $335 million, to supply defense systems to a European country. The contracts include the supply of PULS&#x2122;&nbsp;(Precise and Universal Launching Systems) rocket launchers and rockets, as well as Hermes&#x2122;&nbsp;900 Unmanned Aircraft Systems (UAS) equipped with advanced payloads. The contracts will be performed over a period of three years and six months.&nbsp;
&nbsp;
Elbit Systems' PULS provides a comprehensive and cost-effective solution capable of launching unguided rockets, precision-guided munitions, and missiles with various ranges. The PULS launcher is fully adaptable to existing wheeled and tracked platforms, enabling significant reductions in maintenance and training costs.
The Hermes&nbsp;900&nbsp;multi-role MALE UAS is Elbit Systems' largest unmanned aerial vehicle, designed to perform a wide range of missions, including area dominance and persistent intelligence, surveillance, target acquisition and reconnaissance (ISTAR) across land and maritime domains. Since its first order in 2011, the Hermes 900 has been selected by over 20 customers worldwide.

Government

Regulations

Elbit Systems Secures $335M European Defense Contract for Rocket Launchers and Drones

Elbit Systems shares are trading higher after the company announced that it was awarded a follow-on contract of 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.

Contracts

Elbit Systems Awarded Follow-On $127M Contract For Iron Fist APS, Supporting Bradley IFV Upgrades Over 34-Month Period

Elbit Systems shares are trading higher after announced today that it was awarded an approximately $200 million contract by the Israeli Ministry of Defense to supply high-power laser systems for the "Iron Beam" air defense system.

Elbit Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) shares are trading higher after the company secured a roughly $200 million contract<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41567314/elbit-systems-awarded-approximately-200-million-contract-by-the-israeli-mod-to-supply-high-power-l" rel="noreferrer noopener"> from the Israeli Ministry of Defense</a>.
The deal provides high-power laser systems for the &#8220;Iron Beam&#8221; air defense system.
This contract includes both the supply of Elbit&#8217;s advanced laser technology—designed to counter various threats—and ongoing support services for the project.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems said, &#8220;As Israel&#8217;s Laser Center and a global leader in high-power laser technology, Elbit Systems congratulates on the significant progress made in the &#8220;Iron Beam&#8221; project and is proud of its contribution to its success. The capabilities developed at Elbit Systems represent a leap forward in future defense against various threats.&#8221;
In August, the company reported second-quarter revenues&nbsp;of $1.63 billion, beating the consensus of $1.57 billion and adjusted EPS of&nbsp;$2.08, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/n40358812/elbit-systems-reports-second-quarter-2024-results" rel="noreferrer noopener">exceeding the consensus of $1.77</a>.
As of June&nbsp;30, 2024, order backlog stood at $21.1&nbsp;billion.
Price Action: ESLT shares are up 5.46% at $221.82 premarket at the last check Monday.
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Elbit Systems Secures $200M Contract For High-Power Laser Defense; Stock Gains

Elbit Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) (TASE: ESLT)&nbsp;("Elbit Systems" or the "Company") announced today that it was awarded an approximately $200 million contract by the Israeli Ministry of Defense (IMOD) to supply high-power laser systems for the "Iron Beam" air defense system.
Under the contract, Elbit Systems will supply the IMOD, under the "Iron Beam" project, its high-power laser solution, developed by the Company to provide a robust defense against a variety of threats. Additionally, the contract includes ongoing support services.

Elbit Systems Bagged A $200M Deal From Israeli Ministry of Defense To Power Israel's "Iron Beam" Laser Defense System

Elbit Systems Q2 Adj $2.08 Beats $1.77 Estimate, Sales $1.63B Beat $1.57B Estimate

Elbit Systems Lands $130M Contract To Provide Iron Fist APS To BAE Systems Hägglunds For A European Nation

Elbit Systems Secures $270M Contract To Supply Rocket Artillery For An International Customer

Elbit Systems Secures $340M Contract For The Supply Of Ammunition To The Israeli Ministry Of Defense

Elbit Systems Secures $190M Contract To Supply Iron Sting Guided Mortar Munition To The Israeli Ministry Of Defense

U.S. stock markets have witnessed renewed momentum in the first half of 2024 after an impressive 2023. The bull run continued in the past 18 months, barring some minor fluctuations. This year&#39;s rally has taken a section of financial experts by surprise as they warned of a downside due to higher stock valuations and the Fed&#39;s decision to keep interest rates higher for longer than expected.
Year to date, the three major stock indexes &mdash; the Dow, the S&amp;P 500 500 and the Nasdaq Composite &mdash; have rallied 4.2%, 16.8% and 23.2%, respectively. The mid-cap benchmark &mdash; the S&amp;P 400 Index &mdash; has also advanced 5.3% year to date.
Within the mid-cap space, a handful of stocks (market capital &gt; $8 billion&lt; $10 billion) have the potential to become large caps in 2024. Investment in these stocks with the most favorable Zacks Rank should lead to handsome returns this year.
<h3>Why Should You Invest in Mid-Cap Stocks?</h3>
Investment in mid-cap stocks is often recognized as a good portfolio diversification strategy. These stocks combine the attractive attributes of both small and large-cap stocks. Top-ranked, mid-cap stocks have a high potential to enhance their profitability, productivity, and market share. These may also become large-caps over time.
If economic growth slows down due to any unforeseen internal or external disturbance, mid-cap stocks will be less susceptible to losses than their large-cap counterparts owing to less international exposure.
On the other hand, if the economy continues to thrive, these stocks will gain more than small caps due to established management teams, a broad distribution network, brand recognition and ready access to capital markets.
<h3>Our Top Picks</h3>
We have narrowed our search to five mid-caps that have strong potential for the rest of 2024. These stocks have seen positive earnings estimate revisions in the last 60 days. Finally, each of our picks sports a Zacks Rank #1 (Strong Buy).
The chart below shows the price performance of our five picks in the past month.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/64/70364.jpg?v=1667435022" /> 
Image Source: Zacks Investment Research
The Gap Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gps#NYSE">GPS</a>) received a boost on the back of lower airfreight and improved promotions which aided its margins. GPS is on track with the execution of its Power Plan 2023. Lower advertising expenses and technology investments resulting from cost-saving actions also bode well for GPS. Gross margin expanded owing to gains from higher merchandise margins, lower commodity costs and better promotional activity.
The GAP has an expected revenue and earnings growth rate of 0.2% and 21.7%, respectively, for the current year (ending January 2025). The Zacks Consensus Estimate for current-year earnings has improved 3.6% over the last 30 days.
The average price target of brokerage firms represents an increase of 13.5% from the last closing price of $23.88. The brokerage target price is currently in the range of $13-$32. This indicates an upside potential of 34% from the current price level.
Abercrombie &amp; Fitch Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anf#NYSE">ANF</a>) has benefited from continued momentum across both brands, which bolstered its holiday sales. ANF has been witnessing strong sales growth for each of its brands. ANF witnessed favorable margin trends mainly driven by reduced freight costs and improved average unit retail. For the first quarter of fiscal 2024, net sales are projected to be up low double-digits from $836 million reported in the year-ago period.
Abercrombie &amp; Fitch has an expected revenue and earnings growth rate of 10.4% and 47.3%, respectively, for the current year (ending January 2025). The Zacks Consensus Estimate for current-year earnings has improved 3.5% over the last 30 days.
The average price target of brokerage firms represents an increase of 4.1% from the last closing price of $179.75. The brokerage target price is currently in the range of $167-$215. This indicates an upside potential of 19.6% from the current price level.
Duolingo Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/duol#NASDAQ">DUOL</a>) operates as a mobile learning platform in the United States, China, the United Kingdom, and internationally. DUOL offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through the Duolingo app. DUOL also provides a digital language proficiency assessment exam.
Duolingo has an expected revenue and earnings growth rate of 37.8% and more than 100%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 26.1% over the last 60 days.
The average price target of brokerage firms represents an increase of 27.2% from the last closing price of $193.82. The brokerage target price is currently in the range of $190-$275. This indicates an upside potential of 41.9% from the current price level.
Paycom Software Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/payc#NYSE">PAYC</a>) strong financial performance reflects continued growth despite disruptions caused by macroeconomic headwinds. PAYC&#39;s revenues increased due to new client additions and a continued focus on cross-selling to existing clients.
PAYC&#39;s differentiated employee strategy, measurement capabilities and comprehensive product offerings are helping it win new customers. PAYC&#39;s solutions, like Ask Here and Manager on-the-Go, focusing on employee usage and efficiency, are tailwinds.
Paycom Software has an expected revenue of 10.2% for the current year. Although its earnings growth rate is negative for the current year, it is 11.4% for next year. The Zacks Consensus Estimate for current-year earnings has improved 0.3% over the last 30 days.
The average price target of brokerage firms represents an increase of 27.1% from the last closing price of $143.11. The brokerage target price is currently in the range of $145-$250. This indicates an upside potential of 74.9% from the current price level.
Elbit Systems Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eslt#NASDAQ">ESLT</a>) is a worldwide leader in Night Vision Goggles Head-Up Displays. ESLT is a major supplier to the U.S Army and U.S. Marine Corps of Night Vision Head-Up Display systems for use in various types of helicopters.
ESLT is engaged in a wide range of defense-related airborne, ground and command, control and communications programs throughout the world. ESLT&#39;s focus is on the upgrading of existing military platforms and developing new technologies for defense applications.
Elbit Systems has an expected revenue and earnings growth rate of 7.3% and 11.2%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 17.7% over the last 60 days. The average price target of brokerage firms represents an increase of 20.4% from the last closing price of $184.
<a href="https://www.zacks.com/stock/news/2297181/5-must-buy-mid-cap-stocks-with-strong-near-term-potential?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2297181">To read this article on Zacks.com click here.</a>

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5 Must-Buy Mid-Cap Stocks With Strong Near-Term Potential

The aerospace defense equipment industry has maintained its northbound journey amid supply-chain woes. Nevertheless, improving defense budget funding from the U.S. administration and impressive year-over-year projections for global air passenger numbers are likely to boost this space in the second half of 2024.
The aerospace defense equipment industry comprises companies that primarily design and manufacture heavy-built products like commercial as well as military jets and helicopters, tankers and other combat vehicles, missiles, combatant ships as well as auxiliary ships, submarines, bombs, guns, space transportation vehicles, military satellites and a few more.
The industry stood its ground on the back of steady government support. Importantly, in March 2024, the fiscal 2025 defense budget request was submitted by President Joe Biden. This included a funding proposal of $849.8 billion for the U.S. Department of Defense, which reflected a 1% increase from the fiscal 2024 enacted funding amount.
Steadily improving global air traffic data in recent times has been boosting the near-term growth prospects of the industry. As stated in the latest report published by the IATA in June, total travelers are expected to reach 4.96 billion in 2024 &mdash; a record high. Total revenues are expected to reach $996 billion in 2024 &mdash; a record high, reflecting an improvement of 9.7% year over year.
The Zacks-defined Aerospace &ndash; Defense Equipment Industry is currently in the top 14% of the Zacks Industry Rank. In the past year, the industry has provided 28.1% returns, while its year-to-date return is 15.2%. Since it is ranked in the top half of Zacks Ranked Industries, we expect the consulting services industry to outperform the market over the next three to six months.
<h3>Our Top Picks</h3>
We have narrowed our search to five aerospace defense equipment stocks that have strong growth potential for the rest of 2024. These stocks have seen positive earnings estimate revisions in the last 60 days. Each of our picks sports either a Zacks Rank #1 (Strong Buy) or 2 (Buy).
The chart below shows the price performance of our five picks year to date.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f7/69333.jpg?v=94379012" /> 
Image Source: Zacks Investment Research
Elbit Systems Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eslt#NASDAQ">ESLT</a>) develops and supplies a portfolio of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications primarily in Israel, North America, the Asia-Pacific, Europe, Latin America, and internationally.
ESLT operates through five segments: Aerospace; C4I and Cyber, Intelligence, Surveillance, Target Acquisition and Reconnaissance and Electronic Warfare, Land, and Elbit Systems of America.
Zacks Rank #1 ESLT has an expected revenue and earnings growth rate of 7.3% and 11.2%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 17.7% over the last 30 days.
AerSale Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asle#NASDAQ">ASLE</a>) provides aftermarket commercial aircraft, engines, and parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, and government and defense contractors, as well as maintenance, repair, and overhaul service providers worldwide. ASLE operates in two segments, Asset Management Solutions and Technical Operations (TechOps).
Zacks Rank #1 ASLE has an expected revenue and earnings growth rate of 13.2% and more than 100%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 11.4% over the last 60 days.
AAR Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/air#NYSE">AIR</a>) provides various products &amp; services to the aviation &amp; defense industries worldwide. AIR&#39;s principal customers are The Boeing Co. and Airbus. AIR has two business segments: Aviation Services and Expeditionary Services.
Zacks Rank #2 AAR has an expected revenue and earnings growth rate of 17.2% and 24.1%, respectively, for the current year (ending May 2025). The Zacks Consensus Estimate for current-year earnings has improved 0.5% over the last 60 days.
HEICO Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hei#NYSE">HEI</a>) has witnessed improved demand for its commercial aerospace products and services in the last couple of quarters, buoyed by a recovery in commercial air travel. The expectation of continued recovery in domestic and international travel demand bodes well for HEI&#39;s growth in the coming days.
HEI&#39;s disciplined acquisition strategy has also been driving its overall performance. Wencor&#39;s takeover has boosted HEI&#39;s position in the aircraft aftermarket space. The stock has a strong solvency position in the short run.
Zacks Rank #2 HEICO has an expected revenue and earnings growth rate of 30.3% and 15.7%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.3% over the last seven days.
Curtiss-Wright Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cw#NYSE">CW</a>) is a diversified multinational company that designs and overhauls precision components. CW provides highly engineered products and services for high-performance platforms, and critical applications in key areas such as commercial aerospace and defense electronics, reactor coolant pumps for next-generation nuclear reactors as well as advanced surface treatment technologies.
CW&#39;s products &amp; services are offered to the aerospace, defense, general industrial and power generation markets. CW has three business segments: Aerospace &amp; Industrial, Defense Electronics, and Naval &amp; Power.
Zacks Rank #2 Curtiss-Wright has an expected revenue and earnings growth rate of 6.3% and 9.5%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.1% over the last 60 days.
<a href="https://www.zacks.com/stock/news/2292097/top-5-aerospace-defense-equipment-stocks-for-second-half-2024?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2292097">To read this article on Zacks.com click here.</a>

Small Cap

ASLE

Top 5 Aerospace Defense Equipment Stocks for Second-Half 2024

Press Releases

ELBIT SYSTEMS REPORTS SECOND QUARTER 2024 RESULTS

Gabelli Funds to Host 30th Annual Aerospace & Defense Symposium at The Harvard Club, New York City

Gabelli Funds to Host 30th Annual Aerospace & Defense Symposium at The Harvard Club, New York City Thursday, September 5, 2024

Elbit Systems Announces the Results of its Annual General Meeting of Shareholders Held on September 19, 2024

Elbit Systems Awarded Approximately $200 Million Contract by the Israeli MOD to Supply High-Power Laser for the "Iron Beam" Air Defense System

Elbit Systems Schedules Third Quarter 2024 Results Release For November 19, 2024

Elbit Systems Awarded $127 Million Contract to Supply Iron Fist APS for Upgrading U.S. Army's Bradley IFVs

Elbit Systems Awarded Contracts Worth Approximately $335 Million to Supply Defense Systems to a European Country

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