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
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.