Eltek Ltd
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Information Technology : Electronic Equipment, Instruments & Components | Small Cap Value
Based in Israel
Company profile

Eltek Ltd. manufactures, markets and sells custom made printed circuit boards (PCBs), including high density interconnect (HDI), flex-rigid and rigid, with high layer count boards. The Company manufactures and supplies custom made circuitry solutions for use in compact electronic products. The Company's principal customers include manufacturers of defense and aerospace, medical, industrial, telecom and networking equipment, as well as contract electronic manufacturers. The Company designs and develops manufacturing solutions pursuant to interconnect requirements of original equipment manufacturers, and provides its customers with a range of custom designed PCBs, including rigid, double-sided and multi-layer PCBs, as well as flexible circuitry (flex and flex-rigid boards) made of various types of base material. The Company also acts as an agent for the importation of PCBs from South East Asia. The Company provides fabrication of dense multi-layer PCBs.

Closing Price
Day's Change
0.22 (5.05%)
B/A Size
Day's High
Day's Low
(Heavy Day)

10-day average volume:

Delta to retire its entire Boeing 777 fleet by the end of the year

8:59 am ET May 14, 2020 (MarketWatch)

Shares of Delta Air Lines Inc. (DAL) dropped 4.2% in premarket trading Thursday, putting them on track to open at a 7-year low, after the air carrier disclosed that it will remove all of its Boeing 777 aircraft by the end of the year to help stem cash burn amid the COVID-19 pandemic. Delta said it also expects the MD-90 aircraft, which are made by Boeing Co. (BA) subsidiary McDonnell Douglas, to exit its fleet in June. Boeing's stock fell 2.3% ahead of the open. Delta expects to record impairment charges of $1.4 billion to $1.7 billion as a result of the aircraft retirements. Delta said the 777 fleet included 18 aircraft. Chief Executive Ed Bastian said the decision was made as international travel is expected to return slowly. "[P]arking this fleet will provide significant cost savings over the next several years," Chief Executive Ed Bastian wrote in a memo to employees. "Delta is burning about $50 million every day, and steps like this help us stem the bleeding, in an effort to safeguard Delta jobs and our future." Bastian said the more fuel-efficient and cost-effective A330s and A350-900s made by Airbus SE (AIR.FR) will be used when international demand returns. Bastian said since the pandemic hit, has it parked more than 650 jets total. Delta's stock has plunged 67.1% over the past three months through Wednesday, while Boeing shares have tumbled 64.3% and the Dow Jones Industrial Average has declined 20.9%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 14, 2020 08:59 ET (12:59 GMT)

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