|Bid||38,350.00 x 5700|
|Ask||38,610.00 x 10500|
|Day's Range||38,050.00 - 39,470.00|
|52 Week Range||37,500.00 - 58,400.00|
|Beta (5Y Monthly)||0.40|
|PE Ratio (TTM)||6,172.66|
|Earnings Date||Nov 24, 2020 - Nov 30, 2020|
|Forward Dividend & Yield||5.84 (1.50%)|
|Ex-Dividend Date||Sep 01, 2020|
|1y Target Est||100.18|
Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or "the Company") announced today that, as a result of the impact of the COVID-19 pandemic, Elbit Systems experienced reduced demand for the products and services it supplies to the commercial aviation markets.
Israeli defence firm Elbit Systems said on Monday it expects to write off $60 million in the third quarter due to COVID-19, which has led to a significant slowdown in commercial air traffic. "As a result of the impact of the COVID-19 pandemic, Elbit Systems experienced reduced demand for the products and services it supplies to the commercial aviation markets," the company said in a statement. Elbit, which will publish its quarterly results next month, said it will record the write-off in non-cash expenses related to impairment of assets and inventory.
Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems") announced today that its U.S. subsidiary, Elbit Systems of America, LLC ("Elbit Systems of America"), was awarded an Other Transaction Authority ("OTA") contract from the U.S. Army for Enhanced Night Vision Goggle – Binocular ("ENVG-B") systems. The potential contract value under the OTA contract could reach a maximum of approximately $442 million. The U.S. Army did not define an overall time-frame for performance of the OTA contract. An initial order in the amount of approximately $22.5 million for low-rate initial production (LRIP) of systems has been placed under the OTA contract, with a period of performance through December 2021, to be executed in Roanoke, Virginia.