Elbit Systems Ltd. (Nasdaq: ESLT), a leading provider of defense electronics and technologies, has announced its financial results for the first quarter of 2023. The company reported a non-GAAP EPS (earnings per share) of $1.70, marking a significant increase from $1.22 in the same period last year. These results highlight the strong demand for Elbit Systems' portfolio of technologically advanced and relevant solutions. As a result, the company achieved a record order backlog of $15.8 billion, representing a 16% increase compared to the first quarter of 2022.

Elbit Systems' financial performance reflects the growing need for their advanced defense solutions in the global market. The company's continuous focus on innovation and delivering cutting-edge technologies has solidified its position as a leader in the defense industry.

In pre-market, $ESLT is currently trading at $204.91, showing a gain of $11.15, or 5.75%.

BHP Group Limited (NYSE: BHP), a renowned global resources company, and Microsoft Corporation  (Nasdaq: MSFT) have joined forces in a new collaboration aimed at leveraging artificial intelligence (AI) and machine learning to optimize copper recovery at BHP's Escondida mine. Located in Chile, Escondida is recognized as the world's largest copper mine, producing over one million metric tonnes of copper annually.

By integrating new digital technologies into the operation's concentrator performance, BHP aims to improve copper recovery rates. The use of AI and machine learning provides advanced data analytics and optimization capabilities, enabling the team at Escondida to generate greater value from the existing resource.

Laura Tyler, BHP's Chief Technical Officer, highlighted the significance of combining digital technology advancements with innovative work methodologies. This strategic collaboration between BHP and Microsoft positions Escondida to maximize operational efficiency and drive increased productivity in the copper mining sector.

$BHP is currently trading at $57.06 in pre-market, up $0.39 or 0.69%.

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