Elbit Systems Ltd. (ESLT) said it was awarded contracts in an aggregate amount of approximately $50 million to supply various types of laser based systems to the Israeli Ministry of Defense and to North American customers. The Israeli MoD will be supplied with laser systems, while in North America, Elbit Systems will supply two different customers with airborne laser systems.
The orders were received by Elbit Systems Electro-Optics Elop Ltd. and are to be delivered over the next two years.
Separately, Elbit Systems said Yael Efron, who was elected as an External Director of the company's Board of Directors in August 2009, has tendered her resignation. Efron indicated that the reason for her resignation was her son being advised that he is a candidate for promotion at the law firm of M. Firon & Co., which provides legal services to both the company and to its major shareholder, and that her resignation was tendered as a measure of caution and to avoid any potential impediment to her son's professional advancement.
The company has accepted Efron's resignation under the circumstances. The company intends to promptly proceed with the process of identifying a suitable candidate for the position of External Director for election by a general meeting of shareholders
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.