Elbit Systems wins $1.4B European military modernization contract
Israeli defense firm Elbit Systems secured a $1.4 billion, five-year contract from an undisclosed European customer to modernize its military with autonomous systems, electronic warfare, precision-guided munitions, and networked communications. The deal, announced alongside strong Q1 2026 results, boosted Elbit’s stock by 8% and pushed its order backlog past $30 billion. The contract reflects growing European defense spending and lessons from the Ukraine war.
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Elbit Systems Receives $1.4 Billion Military Modernization Order from European Customer
Israeli defense company Elbit Systems has secured a contract worth approximately $1.4 billion from an unnamed European customer for comprehensive military modernization programs. The five-year contract aims to enhance the mobility and survivability of the customer's armed forces across the entire battle space. Deliverables include unmanned autonomous systems, advanced networked electronic warfare (EloKa) systems for land forces, precision-guided munitions for artillery and air-to-ground operations, and electro-optical targeting and reconnaissance systems. All systems will be networked using software-defined radios (SDR). Elbit CEO Bezhalel Machlis stated the order reflects the breadth and attractiveness of the company's defense portfolio, citing proven experience with global militaries and strong internal development capabilities. The contract underscores growing European demand for advanced defense technologies amid ongoing security concerns.
CPM Defence Network – News: Verteidigung und WehrtechnikElbit Systems Receives $1.4 Billion Military Modernization Order from European Customer
Israeli defense company Elbit Systems has secured a contract worth approximately $1.4 billion from an unnamed European customer for comprehensive military modernization programs. The five-year contract aims to enhance the mobility and survivability of the customer's armed forces across the entire battle space. Deliverables include unmanned autonomous systems, advanced networked electronic warfare (EloKa) systems for land forces, precision-guided munitions for artillery and air-to-ground operations, and electro-optical targeting and reconnaissance systems. All systems will be networked using software-defined radios (SDR). Elbit CEO Bezhalel (Butzi) Machlis stated the order reflects the breadth and attractiveness of the company's defense portfolio, citing proven experience with global militaries and strong internal development capabilities. The contract underscores growing demand for Elbit's solutions and positions the company as a trusted partner for long-term military modernization programs.
CPM Defence Network – News: Verteidigung und WehrtechnikElbit Systems Receives $1.4 Billion Military Modernization Order from European Customer
Israeli defense company Elbit Systems has secured a contract worth approximately $1.4 billion from an unnamed European customer for comprehensive military modernization programs. The five-year contract aims to enhance the mobility and survivability of the customer's armed forces across the entire battle space. Deliverables include unmanned autonomous systems, advanced networked electronic warfare systems for land forces, precision-guided munitions for artillery and air-to-ground operations, and electro-optical targeting and reconnaissance systems. All systems will be networked using software-defined radios. Elbit's President and CEO Bezalel Machlis stated the order reflects the breadth and attractiveness of the company's defense portfolio, citing proven experience with numerous militaries and strong internal development capabilities. The contract underscores growing demand for Elbit's solutions as a trusted partner for long-term military modernization programs.
CPM Defence Network – News: Verteidigung und WehrtechnikElbit Systems secures $1.4 billion military modernisation contract in Europe
Elbit Systems has secured an approximately $1.4 billion contract from an undisclosed European customer to support military modernisation programmes. The five-year contract covers delivery of uncrewed autonomous systems, advanced networked land electronic warfare systems, precision-guided munitions for artillery and air-to-ground applications, and electro-optical designating and reconnaissance technology, all networked using software-defined radios. The announcement coincided with Elbit's Q1 2026 financial results, which showed a record order backlog of $30.2 billion, driven primarily by orders from Israel and Asia, with 71% outside Israel. Total revenues grew 15.5% year-over-year to $2.19 billion, with net income reaching $160.8 million. CEO Bezhalel Machlis highlighted double-digit growth in revenue and profitability, with Non-GAAP operating margins surpassing 10% and free cash flow remaining very strong.
Airforce TechnologyElbit Systems secures $1.4 billion military modernisation contract in Europe
Elbit Systems has won an approximately $1.4 billion contract from an undisclosed European customer to support military modernisation programs over five years. The deal includes delivery of uncrewed autonomous systems, advanced networked land electronic warfare systems, precision-guided munitions for artillery and air-to-ground applications, and electro-optical designating and reconnaissance technology, all networked via software-defined radios. The announcement coincided with Elbit's Q1 2026 financial results, which showed a record order backlog of $30.2 billion, driven by orders from Israel and Asia. Quarterly revenues grew 15.5% year-over-year to $2.19 billion, with net income of $160.8 million. CEO Bezhalel Machlis highlighted double-digit revenue and profitability growth, with non-GAAP operating margins exceeding 10% and strong free cash flow generation.
Airforce TechnologyElbit Systems wins $1.4bn military modernisation deal in Europe
Elbit Systems has secured an approximately $1.4bn contract from an undisclosed European customer to support military modernisation programmes. The five-year contract covers delivery of uncrewed autonomous systems, advanced networked land electronic warfare systems, precision-guided munitions, and electro-optical reconnaissance technology, all networked via software-defined radios. The announcement coincided with Elbit's Q1 2026 financial results, which showed total revenues of $2.19bn (up 15.5% year-over-year), net income of $160.8m, and a record order backlog of $30.2bn, driven primarily by orders from Israel and Asia. CEO Bezhalel Machlis highlighted double-digit revenue and profitability growth, with Non-GAAP operating margins surpassing 10% and strong free cash flow generation.
Airforce TechnologyElbit Systems rallies after securing $1.4 billion European defence contract
Shares of Elbit Systems (NASDAQ:ESLT) rose 8% on Tuesday after the company announced a $1.4 billion military modernization agreement in Europe, alongside stronger first-quarter financial results. The company reported Q1 2026 revenue of $2.19 billion, up from $1.90 billion a year earlier, with gross profit increasing to $552.1 million (25.2% of revenue). On a non-GAAP basis, gross profit reached $558.7 million (25.5% of revenue). The order backlog exceeded $30 billion for the first time in company history. CEO Bezhalel Machlis highlighted double-digit revenue and profitability growth, with non-GAAP operating margins surpassing 10%. The new European contract reinforces Elbit's role as a strategic global supplier. The company is expanding manufacturing capacity using automation, robotics, and AI to meet growing defense demand, while increasing R&D investment for next-generation products.
Yahoo FinanceElbit Systems rallies after securing $1.4 billion European defence contract
Elbit Systems (NASDAQ:ESLT) shares rose 8% on Tuesday after the company announced a $1.4 billion military modernization agreement in Europe, alongside stronger first-quarter 2026 financial results. Revenue reached $2.19 billion, up from $1.90 billion a year earlier, with gross profit increasing to $552.1 million (25.2% of revenue) from $454.3 million (24.0%). On a non-GAAP basis, gross profit was $558.7 million (25.5% of revenue). The company's order backlog surpassed $30 billion for the first time. CEO Bezhalel Machlis highlighted double-digit revenue and profitability growth, with non-GAAP operating margins exceeding 10%. Elbit is expanding manufacturing capacity using automation, robotics, and AI to meet growing defence demand, while increasing R&D investment for next-generation products.
Yahoo FinanceElbit Systems wins $1.4 billion mystery European military modernization contract
Israeli defense electronics firm Elbit Systems announced on May 26, 2026, a $1.4 billion contract from an undisclosed European customer to modernize that country's military over five years. The contract is one of the largest single defense deals publicly announced by the company. It covers autonomous systems, land electronic warfare, precision-guided artillery and air-to-ground munitions, electro-optical sensors, and software-defined radio networks. The article notes the contract's breadth suggests a substantial military undertaking by a nation with budget and political will to compress years of capability development. Elbit, headquartered in Haifa with over $6 billion annual revenue, has supplied systems to NATO members and other allies. The package addresses lessons from the Ukraine war, particularly in unmanned systems, electronic warfare, and precision strike capabilities.
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