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Stock Market & Financial Investment News

News Breaks
January 27, 2013
15:43 EDTESLTElbit Systems awarded $35M Israel Ministry of Defense order
Elbit Systems announced that it has received an approximately $35M contract from the Israel Ministry of Defense, IMOD, for the development of advanced features for Unmanned Aircraft Systems, UAS, to be supplied within three years. One of the mission requirements is the quick re-configuration of the UAS' payloads. The contract is in addition to contracts, awarded by the IMOD, for the supply of Hermes,R 900 UAS and maintenance services that were announced by the company in 2012.
News For ESLT From The Last 14 Days
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May 21, 2015
05:33 EDTESLTElbit Systems to acquire NICE Systems' Cyber and Intelligence division
Elbit Systems (ESLT) announced that it has signed an agreement to acquire NICE Systems' (NICE) Cyber and Intelligence division for a total amount of up to $157.9M, subject to certain customary adjustments. Out of the total amount, $117.9M will be paid in cash at the time of the closing, expected to take place in the third quarter of 2015, subject to certain closing conditions. An additional amount of up to $40M will be paid as earn-out, based upon the future business performance of the acquired division's activities. NICE's Cyber and Intelligence division's yearly revenue in 2014 was in the high tens of millions of dollars. The Cyber and Intelligence division will be acquired by CYBERBIT LTD, Elbit Systems' subsidiary, recently established in order to consolidate Elbit Systems' existing activities relating to the Cyber Intelligence and Cyber Security markets. CYBERBIT will focus on both the emerging government and commercial cyber markets, leveraging Elbit Systems extensive and proven cyber experience and technologies.
05:28 EDTESLTNICE Systems to sell Intelligence division to Elbit Systems
NICE Systems (NICE) has entered into an agreement to sell its Intelligence division to Elbit Systems (ESLT), for a total consideration of up to $157.9M, subject to certain performance milestones and customary adjustments. NICE's Intelligence division offers solutions which provide law enforcement agencies, intelligence organizations and signal intelligence agencies with tools for generating intelligence from communications. This divestiture will allow NICE to place greater focus on the execution of its long-term strategic plan and to focus on its core markets and business model. The transaction is scheduled to close in early Q3. Within the structure of the agreement, NICE will receive $117.9M in cash at the time of the closing. An additional amount of up to $40M will be paid as earn-out, based upon the future business performance of the acquired division's activities.
May 18, 2015
05:24 EDTESLTElbit Systems reports Q1 EPS $1.23 vs. $1.22 last year
Reports Q1 revenue $706.6M vs. $682.6M last year. Reports Q1 backlog of orders at $6.3B.

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