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Elbit Systems Receives $33M Settlement Payment from Hughes Network Systems for Patent Infringement Litigation

Elbit Systems Ltd. (NASDAQ: ESLT) announced today, further to its announcement of June 26, 2019, that it has received payment in the amount of $33 million as full and final settlement under a settlement agreement with Hughes Network Systems, LLC, of litigation

Benzinga · -

Elbit Systems Ltd. (NASDAQ: ESLT) announced today, further to its announcement of June 26, 2019, that it has received payment in the amount of $33 million as full and final settlement under a settlement agreement with Hughes Network Systems, LLC, of litigation in the U.S. Federal Courts for infringement of an Elbit Systems' patent relating to high-speed satellite communications.