Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems") announced today that it will be releasing its first quarter 2020 financial results on Tuesday, May 26, 2020.

Welcome to another edition of DFW Defense, where we scour U.S. Department of Defense contracts to see which companies and organizations with North Texas ties are getting money from the government. In March, defense companies in DFW saw high deal flow even though the economy is entering a recession due to fallout from COVID-19.

Israeli defence electronics firm Elbit Systems reported higher quarterly profit and said it has not been substantially impacted by the coronavirus outbreak. The maker of drones, pilot helmet displays and cyber security systems said on Tuesday it earned $1.63 per diluted share excluding one-time items in the first quarter, up from $1.54 a year earlier. Elbit said its business during the first quarter was not materially impacted by the pandemic.

Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that its wholly-owned Israeli subsidiary, IMI Systems Ltd. ("IMI"), has issued a conditional full cash tender offer (the "Tender Offer") to acquire all ordinary shares of the Israeli publicly-traded company, Ashot Ashkelon Industries Ltd. ("Ashot"), held by the public, currently representing approximately 15.02% of Ashot's outstanding share capital. The remaining ordinary shares, representing approximately 84.98% of Ashot's outstanding share capital, are currently held by IMI.

NEW YORK, NY / ACCESSWIRE / March 25, 2020 / Elbit Systems Ltd. (NASDAQ:ESLT) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on March 25, 2020 at 9:00 AM ...

Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that it was awarded two contracts valued at a total of approximately $20 million from Latin American customers to upgrade the capabilities of their Hermes™ 900 Unmanned Aircraft Systems (UAS). Both contracts will be performed within a 12-month period.

Elbit (ESLT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

As major North Texas manufacturing plants close amid the COVID-19 outbreak, the region's largest subset of manufacturers is continuing to pump out product. Dallas-Fort Worth is rife with defense contractors making everything from fighter jets to sophisticated sensor systems, and all contacted by the Dallas Business Journal for this story said production in their local facilities is continuing even as different government entities pass "shelter-in-place" orders for residents. "Airbus Helicopters Inc. is classified as an "essential business" as we provide critical products and services to or on behalf of the U.S. Army, U.S. Customs and Border Protection, the U.S. Coast Guard, state and local law enforcement agencies, emergency air medical service providers, and electrical power companies," said Airbus Helicopters Inc. spokesperson Erin Callender.

Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today, further to its announcements of April 7, 2020, and of April 22, 2020, that the conditions for implementing the updated tender offer issued by its wholly-owned Israeli subsidiary, IMI Systems Ltd. to acquire all ordinary shares of the Israeli publicly-traded company, Ashot Ashkelon Industries Ltd., held by the public (the "Updated Tender Offer"), were not met and the Updated Tender Offer will not be implemented.

Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT), (the "Company") the international high technology company, reported today, its consolidated results for the quarter ended March 31, 2020.

Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that it was awarded a contract valued at approximately $15 million from the Swiss Federal Office for Defense Procurement (Armasuisse) to provide Command and Control ("C2") systems for the Tactical Reconnaissance System (TASYS) of the Swiss Armed Forces. The contract will be performed over a three-year period.

On the call with me today are Butzi Machlis, our President and CEO, and Yossi Gaspar, our Chief Financial Officer. Yossi will begin by providing a discussion of the financial results, followed by Butzi who will talk about some of the significant events during the quarter and beyond.

Defence firm Elbit Systems said on Monday it will manufacture thousands of automatic ventilation machines at the request of the Israeli government as the coronavirus outbreak has led to a global shortage. Initially, at least, the machines will be for use in Israel. Elbit said it has converted two manufacturing facilities into assembly lines and production will be carried out in shifts to supply a large number of units in a short time.

Raytheon (RTX) aims to upgrade its Tomahawk subsonic cruise missiles with enhanced maritime strike capabilities.

Javelin missiles - produced by Lockheed (LMT) and Raytheon (RTX) - boast a reliability rate of more than 94%

Elbit Systems Ltd. (NASDAQ: ESLT) and (TASE: ESLT) ("Elbit Systems") announced today that Charlesbank Technology Opportunities Fund, a fund managed by Charlesbank Capital Partners ("Charlesbank"), invested approximately $70 million in Elbit Systems' Israeli subsidiary, Cyberbit Ltd. ("Cyberbit"), of which approximately $22 million was invested in Cyberbit and approximately $48 million was paid in consideration of a portion of Elbit Systems' shares in Cyberbit. As a result of the investment and sale of equity holdings, Elbit Systems became a minority shareholder in Cyberbit. Claridge Israel L.P., an existing shareholder of Cuberbit, which invested $30 million in Cyberbit in June 2018, also participated in this round of investment.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") is closely monitoring the evolution of the Coronavirus (COVID-19) pandemic and its impacts on the Company's employees, customers and suppliers, as well as on the global economy.

Elbit Systems Ltd. (NASDAQ: ESLT, TASE: ESLT) ("Elbit Systems") announced today that it was awarded a contract valued at approximately $103 million to supply comprehensive Electronic Warfare (EW) suites for an Air Force of an Asian country. The contract will be performed over a three-year period and includes long-term integrated logistic support.

Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today, further to its announcement of April 7, 2020, that its wholly-owned Israeli subsidiary, IMI Systems Ltd. ("IMI"), has updated the conditional full cash tender offer issued on April 7, 2020, to acquire all ordinary shares of the Israeli publicly-traded company, Ashot Ashkelon Industries Ltd. ("Ashot"), held by the public, currently representing approximately 15.02% of Ashot's outstanding share capital (the "Updated Tender Offer").