Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems") confirmed today, in an answer to media inquiries, that on August 7, 2017, a jury in the United States District Court for the Eastern District of Texas found Hughes Network Systems, LLC, to have infringed one of its patent, which generally relates to high-speed satellite communications, U.S. Patent No. 6,240,073.
The jury awarded Elbit Systems damages of approximately $21million plus interest. The court has yet to issue a final order regarding the verdict, and the financial impact of this matter is not yet determinable.
Source: Elbit Systems Ltd.
Date: Aug 17, 2017