Elbit Systems Shares Hit 52-Week High After Contract for Iron Beam Defense System

Dow Jones

2024-10-29

By Chris Wack

Elbit Systems shares hit their 52-week high after the company said it was awarded a contract by Israel to supply high-power laser systems for its Iron Beam air defense system.

Shares of the Israeli defense-technology company traded as high as $229.70 earlier in the session, and are up 9% to $228.73 in Monday afternoon trading.

Under the $200 million contract, Elbit Systems will supply the Israeli Ministry of Defense its high-power laser solution, developed by the company to provide a defense against a variety of threats. The contract includes ongoing support services.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

October 28, 2024 13:06 ET (17:06 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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The contract includes ongoing support services.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ESLT":"埃尔比特系统","BK4187":"航天航空与国防","BK4516":"特朗普概念"},"translate_title":"埃尔比特系统公司(Elbit Systems)获得铁梁防御系统合同后股价触及52周高点","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ESLT":0.9},"content_text":"By Chris Wack \n\n\n \n\n\n  Elbit Systems shares hit their 52-week high after the company said it was awarded a contract by Israel to supply high-power laser systems for its Iron Beam air defense system. \n\n\n  Shares of the Israeli defense-technology company traded as high as $229.70 earlier in the session, and are up 9% to $228.73 in Monday afternoon trading. \n\n\n  Under the $200 million contract, Elbit Systems will supply the Israeli Ministry of Defense its high-power laser solution, developed by the company to provide a defense against a variety of threats. 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