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Benzinga
Benzinga
Business
Akanksha Bakshi

Elbit Systems Secures $16M Contract To Supply Space Telescope

Elbit Systems Weizmann Institute of Science ESLT Israel Elbit Systems Ltd
  • Elbit Systems Ltd (NASDAQ:ESLT) has secured a contract worth ~$16 million to supply a space telescope to the Weizmann Institute of Science under Israel's Ultraviolet Transient Astronomy Satellite (ULTRASAT) program to observe and research deep space.
  • The contract will be performed over a period of two years.
  • The ULTRASAT program is jointly managed and funded by the Weizmann Institute of Science and the Israeli Space Agency.
  • Elbit Systems will develop, manufacture, and integrate a highly sensitive, wide field of view ultraviolet space telescope to help scientists understand the creation of heavy elements, black holes, and gravitational waves and discover astronomical phenomena.
  • Price Action: ESLT shares closed lower by 1.68% at $163.71 on Tuesday.
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