ESLT News & Events

Elbit Systems announced that it was awarded a contract valued at approximately $350M from an international customer to deliver upgrades for Main Battle Tanks. The program includes the integration of advanced Fire Control Systems, Electric Gun & Turret Drive Systems, Communication and Situational Awareness solutions, as well as Mid Life Upgrade package. The contract will be performed over a period of four years. Under the contract, Elbit Systems will modernize the tanks' systems to extend their service life and enhance combat readiness. The upgrade program includes replacing and enhancing key onboard systems, featuring lightweight, high-performance electro-optical sights with Artificial Intelligence capabilities that provide day and night-time observation, as well as advanced target detection and tracking. The contract also covers the supply of spare parts and the provision of maintenance and technical support to ensure long-term operational availability. In addition, it includes the integration of a secure, high-capacity voice communication suite.

Stock futures rose Tuesday as markets reacted to reports of potential progress in U.S.–Iran talks aimed at ending the conflict, with sentiment supported by President Trump's comments that negotiations were "proceeding nicely," though uncertainty remains after he warned that military action remains possible if talks fail.In pre-market trading, S&P 500 futures increased 0.72%, Nasdaq 100 futures were up 1.18% and Dow futures gained 0.53%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Eli Lillyup 1% after agreeing to acquire Curevo, LimmaTech Biologics, and Vaccine Company to build its infectious diseases portfolioLearup 2.3% after TD Cowen upgraded the stock from Buy to HoldSemiconductor stocks, including Micron, up 8%, and Qualcomm, up 3.5%, on hopes that easing geopolitical tensions around the Iran conflict could reduce supply-chain and risk-premium pressures across the semiconductor sectorSpace stocks rose, with Intuitive Machinesgaining 10.8% and AST SpaceMobileup 6.8%, with Cantor Fitzgerald saying optimism around government and commercial space contracts grew following a $90M U.S. Space Force award to Rocket Laband continued positive commentary on industry demandUP AFTER EARNINGS -Pony AIup 16%Elbit Systemsup 11.3%Ituranup 4.8%DOWN AFTER EARNINGS -AutoZonedown 5.1%LOWER -Ferraridown 2.9% after unveiling the Ferrari Luce, a five-seat EVExxon Mobiland Chevrondown 1% and 1.1%, respectively, after Barclays said depleting inventories, shrinking OPEC spare capacity, and a "muted" U.S. production response to the Middle East war are reinforcing a tighter oil macro backdrop that is not fully reflected in equities