Elbit Systems Ltd. (ESLT) stock surged Monday morning after securing a $200 million contract from the Israeli Ministry of Defense to provide high-power laser systems for the ‘Iron Beam’ air defense system. The deal highlights Elbit’s leading position in laser technology and its contribution to Israel’s advanced defense capabilities.
AAR CORP. has secured a five-year, $1.2 billion contract from the U.S. Navy to provide engine depot maintenance and repairs for the P-8A Poseidon aircraft fleet. This expands AAR’s existing airframe maintenance support for the P-8A, further solidifying its position as a key contributor to the Navy’s operational readiness.
KBR has secured a five-year, $113 million contract to conduct aeronautical systems research for the Air Force. The contract will see KBR deliver a range of services, including program management, engineering, logistics, security, and testing, supporting critical projects like the Next Generation Air-refueling System (NGAS). This win follows other recent contract wins, including a $230 million recompete award and an international order for technical design services in Australia.
L3Harris Technologies has secured a five-year, $587.4 million contract from the U.S. Navy to provide advanced jamming pods for its EA-18G Growler aircraft. These pods, known as the Next Generation Jammer-Low Band (NGJ-LB), are designed to modernize the Navy’s electronic warfare capabilities and replace its outdated jamming systems. The NGJ-LB system offers significant advantages, including enhanced jamming capabilities, modular architecture for seamless updates, and increased target engagement potential.
Birdon America, Inc. is set to deliver the first tranche of six Bridge Erection Boats (BEBs) to the Netherlands Army as part of a larger contract for three Wide Gap Crossing systems. The BEBs, manufactured in Denver, Colorado, are designed for tactical float bridging and rafting operations and feature upgraded capabilities for improved operations and ruggedness. The delivery marks a significant milestone in the contract awarded to General Dynamics European Land Systems (GDELS) in 2023.
