Elbit Ltd. systems (NASDAQ: Estor;; Level:Estor) Increases $ 512 million in an offer offered by NASDAQ. Israeli defense company releases 1.37 million parts of the price of $ 375 per share, at 5% discount on its price end yesterday.
All parts are sold in Elbit with underwriters given an option to buy a 205,000 parts worth $ 76 million to offer a offering within 30 days. The bank-offered bank of the Bank of America Securities, JP Morgan, Jefferies, and Morgan Stanley. The capital of the bar is served as a distributor for Israeli underwritre.
System of cells opened on Wall Street today in share shares at 2.68%, which gives a market cap of $ 18.2 billion. Elbit is the largest defense company for sale at Tev Aviv Stock Exchange (Tase). The business has been boomed recently due to the war of Israel and higher defense spending Europe after Russia’s invasion of East Asia.
Elbit ends the first quarter of 2025 with a record of $ 23.1 billion backlog of orders, of $ 500 billion from the corresponding quarter of 2024.
Elbit CEO: “We will expand the production infrastructure and obtain companies
The funds’ systems plan to use funds raised production infrastructure, especially in Europe, who saw a terrible arm in the last year. Elbit CEO BEZHALEL MACHLIS systems say Elbit thinks the companies and complex activities of funds grow.
“This is a unique vote of trust in the company,” Maclis said “Globes.” “We received requests 3 times (almost 6 billion cycles) more than we asked to become a wider company investors in investors investors.
What do you do with money?
“Offering should be used for capital investments. We need to establish additional production infrastructure to develop European sales. October, the company has won a $ 200 million system of Israeli).”
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Machlis added that laser systems can be an incoming emphasis for the company as well. “We have invested in a aerial laser to change the market. Of course, we will also make the aggregate of marketers and others. Of course, we need to find the right income.”
Published in Globes, Israel News in News – en.globes.co.il – On May 22, 2025.
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