Elbit Systems said it has secured a $1.635 billion contract to supply an array of advanced defence technologies to an undisclosed European nation over the next five years. The Israeli company will deliver long-range precision artillery-rocket systems, unmanned reconnaissance and loitering drones, and sophisticated intelligence, surveillance, target acquisition and reconnaissance capabilities, alongside electronic-warfare and night-vision equipment. The package also includes a digital command-and-control network that integrates embedded artificial-intelligence tools from strategic headquarters down to front-line combat vehicles. Elbit said portions of the programme will be executed in cooperation with the customer’s domestic industry, expanding local defence-industrial capacity. Chief Executive Officer Bezhalel Machlis said the award reflects growing European demand for multi-domain solutions amid heightened security concerns. The deal adds to Elbit’s order backlog, which stood at $23.1 billion at the end of March. Elbit shares rose about 6 percent in pre-market New York trading after the announcement.
Israel Defense Firm Makes Bullish Jump On Earnings, $1.64 Billion Contract https://t.co/WwU8hAM0EF
Goldman Sachs double upgrades this 'best positioned' defense stock https://t.co/Zx7F21b3Dq
$PANW Deutsche Bank upgrades Palo Alto Networks to buy from hold Deutsche raised its price target on the stock to $220 per share from $200. “We upgrade shares of Palo Alto Networks to a Buy rating and raise our DCF-derived TP to $220 given our thoughts on the health of the