Elbit Systems Secures $16M Contract To Supply Space Telescope

Elbit Systems Ltd 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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