Research Desk Line-up: Orbital ATK Post Earnings Coverage

LONDON, UK / ACCESSWIRE / June 8, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Elbit Systems Ltd. (NASDAQ: ESLT). Elbit Systems of America, LLC ("Elbit America"), a wholly owned subsidiary of Elbit Systems, Ltd, announced on June 06, 2017, that it was awarded a contract by Lockheed Martin Aeronautics to develop a cockpit display replacement for the F-35 aircraft. This development contract is for the Technology Refresh 3, Panoramic Cockpit Display Unit, where the value of the award was not disclosed in a material amount. For immediate access to our complimentary reports, including today's coverage, register for free now at:

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Discover more of our free reports coverage from other companies within the Aerospace/Defense Products & Services industry. Pro-TD has currently selected Orbital ATK, Inc. (NYSE: OA) for due-diligence and potential coverage as the Company reported on May 11, 2017, its financial results for Q1 2017, highlighted by strong new orders that boosted the company's contract backlog to a record level and the Company also reaffirmed its full-year 2017 financial guidance. Tune in to our site to register for a free membership, and be among the early birds that get our report on Orbital ATK when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on ESLT; also brushing on OA. Go directly to your stock of interest and access today's free coverage at:

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The Announcement

According to the Company, the award further expands its works on the F-35, which already includes structures, power amplifiers, and sustainment work. Additionally, in a collaboration with Rockwell Collins, Elbit America supplies F-35 Helmet Mounted Display System, through their Joint Venture, Rockwell Collins ESA Vision Systems.

Elbit America and its parent Company Elbit Systems are leading providers of the advanced cockpit and intelligent pilot interface solutions that help enhance pilot's situational awareness and mission effectiveness. Elbit Systems, along with its subsidiaries, operates in areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance, unmanned aircraft systems, electro-optic space systems, EW suites, signal intelligence systems, data links, and communications systems.

The Companies hold decades of expertise in military and commercial avionics design, development, and production. The Company's solution for the pilot's situational awareness includes a configurable slim design, lightweight display, available in multiple sizes with an intuitive user interface and high-definition touch screens. Elbit additionally delivers smart displays that bring extensive processing and interfacing capabilities, including embedded digital mapping. The Company holds full night vision goggle capabilities and virtual embedded training capabilities under its portfolio. It also supplies high-definition head-up displays with a large field of view and large eye motion box.

Recent Contracts

On May 28, 2017, Elbit Systems announced that it has been awarded a contract of about $390 million to supply an array of ground electronic intelligence capabilities to a European country. The contract included various intelligence capabilities in addition to communications, command and control solutions, to be performed over a 3-year period.

Prior to the announcement, on May 24, 2017, Elbit Systems was awarded a $25 million contract for the supply of J-Music DIRCM (Direct Infrared Countermeasures) self-protection system to an International organization. The contract is set to be performed over a 3-year period. This contract followed several collaborations in the last two years, including the contracts from Global Air Forces and other customers. Elbit will supply the customer with J-Music DIRCM, which includes PAWS IR missile warning systems. This contract signifies Elbit Systems' operational and technical expertise in the self-protection systems market, delivering the demand arising from constantly increasing missile threats.

On May 17, 2017, Elbit America was awarded a $166 million contract from a prime contractor to deliver operator interface and computer processing capabilities for a US Army platform. The contract is set to be performed primarily in Fort Worth, Texas, over a 5-year period.

Last Close Stock Review

At the closing bell, on Wednesday, June 07, 2017, Elbit Systems' stock rose slightly by 0.94%, ending the trading session at $125.86. A total volume of 44.02 thousand shares have exchanged hands, which was higher than the 3-month average volume of 36.29 thousand shares. The Company's stock price soared 5.79% in the last three months, 23.05% in the past six months, and 32.99% in the previous twelve months. Moreover, the stock surged 23.53% since the start of the year. The stock is trading at a PE ratio of 23.37 and has a dividend yield of 1.40%. The stock currently has a market cap of $5.33 billion.

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SOURCE: Pro-Trader Daily