Elbit Systems Secures $200M Contract For High-Power Laser Defense; Stock Gains

Elbit Systems Ltd. (NASDAQ:ESLT) shares are trading higher after the company secured a roughly $200 million contract from the Israeli Ministry of Defense.

The deal provides high-power laser systems for the “Iron Beam” air defense system.

This contract includes both the supply of Elbit’s advanced laser technology—designed to counter various threats—and ongoing support services for the project.

Bezhalel (Butzi) Machlis, President ...