I'm quite surprised that nobody is looking further into the last ann by ELS. The key word for me is C4ISR .
If you look at recent news by Trump and his much touted Space Force, is it any wonder that many countries are now keeping their C4ISR info close at hand especially as it is a critical aspect of the defense departments of many countries. It provides guidance to military commanders in making key decisions by providing valuable information and integrating data from multiple sources. It is also used for communication between commanding officers and military units. It uses different technologies such as C2 systems for command and control, SDR, satellites, and other portable devices for communication; it uses airborne and maritime patrolling and SIGINT for ISR activities.
The C4ISR market has seen steady growth in recent years due to increased spending, especially in the Middle East, and the improving economic conditions of developing countries such as China and India. In addition, the growing use of these systems by civil and federal agencies for law enforcement purposes has also led to market growth. Integrated C4ISR systems are gaining significant acceptance in the market and their use is likely to increase in the next five years as these systems allow easy access to information to take decisions instantly. The defense sector is also increasingly turning to commercial satellites for cost effective communication. Another trend in the market is the growing use of UAV in ISR activities to gather critical information during wartime.
Read between the lines here and is it any wonder ELS technology is sole suppliuer in Israel. That begs the question...to whom do they supply. Taking a look at IAI - Israeli Aerospace Industries website would have to suggest ELS be more than capable of suppling to their needs. I would even go as far to suggest that the ELI 3350 MSISS Multi-sensor Intelligence and Surveillance system would be an ideal place for the ELS drone application segment.
Just my thoughts after doing a bit of reading, but I do take note of some of the industry leaders in the field, Lockheed Martin, Northrop Grumman, Raytheon and SAAB. Interestingly they are all researching autonomous vehicles both land and sea.
In my opinion, little ELS is playing with some very big sharks.
ELS Price at posting:
73.0¢ Sentiment: Hold Disclosure: Held
