Defiance Drone and Modern Warfare ETF(JEDI.US)

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FAA signs radar deals to drag US air traffic control out of the 1980s

The FAA has signed contracts with Indra Group and RTX Corporation to modernize the US air traffic control system, which is outdated and relies on technology from the 1980s. RTX's Collins Aerospace will receive $438 million, while Indra will get $342 million for new radar systems. The FAA aims to replace up to 612 radar sites by June 2028, with initial installations starting this quarter. This overhaul is part of a broader $12.5 billion initiative to enhance the National Airspace System, with an additional $20 billion expected to complete the project.

The Register·
US
RTX
+0.53%
The Register·
US
RTX
+0.53%

L3Harris to invest $400 million to expand solid rocket motor production in Arkansas

L3Harris Technologies is investing $400 million to expand its solid rocket motor production in Arkansas, increasing capacity six-fold. This expansion supports U.S. missile defense modernization amid rising demand due to global conflicts. The new 110-acre campus in Camden will feature over 20 buildings and produce medium and large rocket motors for defense systems. L3Harris, through its Aerojet Rocketdyne unit, is also investing over $500 million across multiple states to enhance its production capabilities.

Reuters·
US
LHX
-3.70%
Reuters·
US
LHX
-3.70%

Elbit Systems (TASE:ESLT) Is Up 7.0% After Securing US$2.3 Billion International Defense Contract – What's Changed

Elbit Systems Ltd. has secured a US$2.3 billion international defense contract, boosting its backlog and reinforcing its position in global defense markets. This contract enhances revenue visibility over the next eight years and may strengthen Elbit's role as a preferred technology partner. However, high valuation and execution risks remain concerns for shareholders. The stock is up 7.0%, but opinions on its fair value vary widely among investors.

Simplywall·
US
ESLT
-2.66%
Simplywall·
US
ESLT
-2.66%

Elbit Systems reports Q3 revenue of $1.9 billion and net income of $133.4 million

Elbit Systems Ltd. reported Q3 2025 revenue of $1.9 billion, up from $1.7 billion in 2024, with GAAP net income of $133.4 million and non-GAAP net income of $159.8 million. EPS were $2.80 (GAAP) and $3.35 (non-GAAP). Order backlog increased to $25.2 billion. Segment revenues varied, with notable contract wins in Europe and Israel.

Reuters·
US
ESLT
-2.66%
Reuters·
US
ESLT
-2.66%

Elbit Systems Q3 Profit Climbs, Beats Market, But Revenues Miss

Elbit Systems Ltd. reported higher Q3 profit of $133.40 million, beating market estimates, with EPS of $2.80. Adjusted EPS was $3.35, surpassing expectations. Revenues rose to $1.92 billion but missed the $1.99 billion forecast. Shares gained 4% to $522.82. Aerospace revenues fell 3%, while C4I and Cyber revenues rose 14%. The order backlog reached $25.2 billion. A $0.75 dividend per share was declared. The company signed a $2.3 billion international contract.

rttnews·
US
ESLT
-2.66%
rttnews·
US
ESLT
-2.66%
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