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ESLT News
ESLT Events
Elbit Systems Q2 Revenue of $2.29B Beats Expectations
Reports Q2 revenue $2.29B, consensus $2.23B. Bezhalel Machlis, president and CEO of Elbit Systems, stated: "The strong momentum in the second quarter was sustained, delivering double-digit growth in sales, backlog and earnings per share, improved profitability, and strong cash flow generation. Our backlog reached a new record of $32 billion, providing long-term visibility and demonstrating the continued confidence of customers worldwide in Elbit Systems' technologies and capabilities. Elbit Systems continues to invest in R&D to secure our future growth. Our increased capital investments in production infrastructure reflect a disciplined approach to scaling the business, enhancing execution, increasing capacity, and supporting our ability to deliver at scale, while converting backlog into sustainable revenue and earnings growth. Elbit Systems is leading the development of next-generation high power laser and directed energy capabilities. Most recently, we unveiled our airborne high-power laser system, currently under development for helicopters and fighter aircraft. This new capability builds on decades of technological and operational experience and will further expand Elbit Systems' broad portfolio of systems, supporting customers and helping protect nations and critical assets around the world."
Elbit Systems Secures $370M Contracts from U.S. Customs and Border Protection
Elbit Systems announced that its U.S. subsidiary, Elbit Systems of America, has received multiple awards from U.S. Customs and Border Protection totaling over $370M to enhance U.S. national security, with work to be performed through May 2029.
Odysight.ai Receives $0.3M Order from Israeli Ministry of Defense
Odysight.ai (ODYS) announced that it has received a purchase order from Elbit Systems (ESLT), on behalf of the Israeli Ministry of Defense, or IMOD, to integrate Odysight.ai's computer vision-based Prognostics and Health Management system onto several platforms. The order, valued at approximately $0.3M, may lead the deployment across broader Israeli Defense Forces platforms, upon successful completion of the installation. Under the contract, Odysight.ai's system will monitor multiple safety-critical components, enabling early detection of developing faults before they escalate into safety events.
Jefferies: Israel Defense Budget Increased to $62.9B
Jefferies highlights a Calcalist report that Israel's Ministry of Finance removed its objection to an incremental $14.7B defense budget injection. This would lift Israel's 2026 defense budget to $62.9B from $48.2B, the analyst tells investors in a research note. If confirmed, Jefferies sees the budget increase as a positive for Elbit Systems (ESLT) and Next Vision (NXSNF). The proposed increase would be a "material step-up" for Israel's defense outlays and should support continued procurement of munitions, interceptors, sensors, C4ISR, unmanned aerial vehicles, electro-optics, and survivability systems, the firm contends.
Duke Robotics Receives New Order from Elbit, Deliveries Expected This Year
Duke Robotics (DUKR) announced that it has received confirmation from Elbit Systems (ESLT) that Elbit has received a new order for the Bird of Prey stabilized weapons drone system, with deliveries expected to take place later this year. The company said, "The Bird of Prey is an agile, fully stabilized remote weapon system designed for non-line-of-sight and stand-off engagements. Built on Duke Robotics' proprietary stabilization technology, the system is engineered to deliver precise engagement capability from a moving aerial platform - a long-standing technical challenge for weaponized drones. The Company believes the confirmation of a new order further validates the operational relevance of the system and the strength of its collaboration with Elbit, one of the world's leading defense companies."
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