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News Breaks
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February 10, 2012
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| 05:37 EDT |  | ESLT |
| theflyonthewall.com: | Elbit Systems: Q4 impact of cessation of program with a foreign customer | | Elbit Systems announced, further to its announcement of Dec. 22, 2011, the anticipated impact on the company's Q4 of 2011 net profit as a result of the cessation of a program with a foreign customer. The company expects that as a result of the cessation of the Program the company's Q4 of 2011 net profit will be reduced by approximately $60M-$65M. This amount is a result of write-off of inventories as well as other anticipated costs resulting from the cessation. The company is currently in discussions with the Israeli Ministry of Defense regarding arrangements with respect to claims of the company as a result of cessation of the Program. The company expects to announce final financial results for Q4 and year end of 2011 during March 2012. :theflyonthewall.com |
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May 22, 2012
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| 05:56 EDT | | ESLT |
| theflyonthewall.com: | Elbit Systems awarded approximately $160M contract to supply UAS | | Elbit Systems announced that it was awarded an approximately $160M contract by a European customer, to supply Unmanned Aircraft Systems, or UAS. The systems will be supplied over the next two years. :theflyonthewall.com |
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May 15, 2012
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| 06:06 EDT |  | ESLT |
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