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Stock Market & Financial Investment News

News Breaks
June 22, 2014
13:32 EDTESLTElbit Systems awarded contract worth approximately $20M
Elbit Systems announced that it was awarded a contract, valued at approximately $20M, for the supply of upgraded armoured personnel carriers, APCs, to the Philippines Armed Forces. The upgrade will include 25 mm unmanned turrets, 12.7 mm remote controlled weapon stations, RCWS, and fire control systems, FCS, for 90 mm turrets. The APCs will be supplied over a one-year period. The contract marks a significant breakthrough for Elbit Systems, as it is the first one awarded to the company in the Philippines.
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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