Stock Monitor: HEICO Post Earnings Reporting
LONDON, UK / ACCESSWIRE / December 21, 2017 / Active-Investors.com has just released a free report on Elbit Systems Ltd (NASDAQ: ESLT). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ESLT . On December 19, 2017, the Company announced that it has been awarded a $46 million contract for the supply of J-Music™ DIRCM (Direct Infrared Countermeasures) self-protection systems to NATO. This is a follow-on contract valued $46 million. Register today and get access to over 1000 Free Research Reports by joining our site below:
Active-Investors.com is currently working on the research report for HEICO Corporation (NYSE: HEI), which also belongs to the Industrial Goods sector as the Company Elbit Systems. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Elbit Systems most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
The contract envisions that Elbit Systems provide additional J-Music™ DIRCM self-protection systems for NATO's Airbus A330 Multinational Multi-Role Tanker Transport Fleet (MMF) Program. The contract is for the duration of four years. Under the contract, Elbit Systems will equip NATO's Airbus A330 tankers with the J-Music™ DIRCM systems along with the Company's Infra-Red-based Passive Airborne Warning Systems (PAWS IR).
Commenting on being awarded the NATO contract, Elad Aharonson, General Manager of Elbit Systems ISTAR Division, said:
"This follow-on contract that extends the supply of J-Music DIRCM and PAWS IR missile warning systems to NATO's MMF program, attests to Elbit Systems' technological and operational competitive advantage in addressing the intensifying threat of shoulder-launched surface-to-air missiles."
Colonel Jan der Kinderen, Chairman of the MMF Steering Group, added:
"The MMF users are very pleased that the Multi Role Tanker Transport aircraft (MRTTs) are going to be equipped with Elbit Systems' J-Music DIRCM system. This will greatly add to the safety and operational flexibility of the total fleet. It is also great to see how Airbus and Elbit Systems work closely together to integrate the systems."
Peter DOHMEN, General Manager, NATO Support and Procurement Agency (NSPA), commented:
"NSPA is pleased to award this contract to Elbit Systems and provide an important capability for NATO's A330 tanker fleet, which will allow the aircraft, crew, and passengers to operate more safely in hostile environments."
About Elbit Systems' J-Music™ DIRCM
J-MUSIC™ is one of Elbit Systems' Airborne Self-Protection and Payload Systems. It is a market leading Direct Infra-Red Counter Measures (DIRCM) system, optimized to protect jet aircraft from shoulder-fired missiles (MANPADS). The highly advanced and fully proven J-MUSIC™ system is designed for distributed installation on a variety of aircraft types, in a single or multi-turret configuration. The key features of the system are that it is light-weight, compact, and easily installed on a broad range of aircraft types. The system has an open architecture which allows integration of the system with various Missile Warning Systems (MWS). This makes it one of the most comprehensive and markets' leading protection systems in the civil and military market. The Company has provided these systems to the German Air Force as well as private aircraft owners.
About Elbit Systems Ltd
Haifa, Israel-based Elbit Systems is an international high technology Company engaged in a wide range of defense, homeland security, and commercial programs. The Company and its subsidiaries offer a wide range of aerospace, land, and naval systems which include command, control, communications, computers, intelligence surveillance, and reconnaissance ("C4ISR"), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, and radios and cyber-based systems. The Company also provides a range of additional support services, including training and simulation systems.
Stock Performance Snapshot
December 20, 2017 - At Wednesday's closing bell, Elbit Systems' stock rose 2.21%, ending the trading session at $134.50.
Volume traded for the day: 57.90 thousand shares, which was above the 3-month average volume of 34.23 thousand shares.
Stock performance in the last six-month period – up 7.63%; past twelve-month period – up 34.07%; and year-to-date - up 32.01%
After yesterday's close, Elbit Systems' market cap was at $5.72 billion.
Price to Earnings (P/E) ratio was at 24.28.
The stock has a dividend yield of 1.31%.
The stock is part of the Industrial Goods sector, categorized under the Aerospace/Defense Products & Services industry. This sector was up 0.3% at the end of the session.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.