Elbit Systems Hits 20-Day High on $2.3B Contract Win
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 28 2024
0mins
Should l Buy ESLT?
Source: Benzinga
Shares of Elbit Systems Ltd. (ESLT.O) surged today, reaching a 20-day high following the announcement of a significant international contract valued at approximately $2.3 billion. This contract, set to be executed over the next eight years, underscores the company's robust technological capabilities and positions it favorably within the defense sector.
The recent price movement reflects strong investor confidence, bolstered by Israel's economic recovery and a record influx of foreign investments into local firms. Elbit's structural revenue growth and margin expansion have been noted, although J.P. Morgan's recent neutral rating suggests a cautious outlook amidst the bullish market sentiment.
With the Tel Aviv 35 Index hitting record levels and the shekel appreciating significantly against the dollar, Elbit Systems appears well-positioned to capitalize on the growing demand for defense technology, further enhancing its order backlog of $23.8 billion.
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Analyst Views on ESLT
Wall Street analysts forecast ESLT stock price to fall
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 694.100
Low
531.00
Averages
553.67
High
580.00
Current: 694.100
Low
531.00
Averages
553.67
High
580.00
About ESLT
Elbit Systems Ltd. is an international technology company engaged in a range of programs across the world. The Company develops and supplies a portfolio of airborne, land and naval systems and products for defense, homeland security and commercial aviation applications. Its systems and products are installed on new platforms, and it also performs platform modernization programs. In addition, it provides a range of support services. The Company's activities include military aircraft and helicopter systems; helmet mounted systems; commercial aviation systems and aerostructures; unmanned aircraft and unmanned surface vessels; land vehicle systems; command, control, communications, computer and intelligence (C4I) systems; intelligence and cyber systems; electro-optic and countermeasures systems; electronic warfare and signal intelligence systems, and various commercial activities. It operates primarily in the defense and homeland security arenas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Elbit Systems Secures $277 Million Contract for 30mm Turrets
- Significant Contract Value: Elbit Systems has been awarded contracts worth approximately $277 million by an international customer, to be executed over three years, demonstrating strong market demand and customer trust in the defense sector.
- Innovative Product Advantage: The UT30MK2 is a configurable 30mm turret that offers both manned and unmanned operation flexibility, enhancing the firepower of armored personnel carriers without compromising troop safety, showcasing the company's leadership in technological innovation.
- Market Confidence Reflection: CEO Bezhalel (Butzi) Machlis stated that these contracts reflect the customer's confidence in their advanced land systems and munitions technologies, further solidifying the company's competitive position in the global defense market.
- Strong Financial Performance: As of September 30, 2025, Elbit Systems reported revenues of $1.922 billion and an order backlog of $25.2 billion, indicating the company's sustained growth potential and robust market demand in the defense industry.
See More
Elbit Systems Secures $277 Million Contract for 30mm Turrets
- Significant Contract Value: Elbit Systems has been awarded contracts worth approximately $277 million by an international customer, to be executed over three years, reflecting the customer's trust and reliance on the company's advanced land systems.
- Product Innovation Advantage: The UT30MK2 is a configurable turret that enhances the firepower of armored personnel carriers while ensuring troop safety, with a modular design that allows for quick conversion between manned and unmanned configurations, increasing battlefield flexibility.
- Strong Market Demand: Elbit Systems reported revenues of $1.922 billion for Q3 2025, showcasing robust performance in the global defense market, with a backlog of $25.2 billion indicating substantial future growth potential.
- Leadership Confidence: CEO Bezhalel (Butzi) Machlis stated that the contract win reflects customer confidence in their high-performance solutions, further solidifying Elbit's leadership position in the global weapons systems market.
See More
Elbit Systems Secures $277M Contracts for 30mm Turrets
- Significant Contract Value: Elbit Systems has been awarded contracts worth approximately $277 million by an international customer for the supply of 30mm turrets and munitions, indicating strong demand and competitiveness in the defense market.
- Execution Timeline: These contracts will be executed over a three-year period, expected to provide a stable revenue stream for the company and enhance its market position in the global defense industry.
- Optimistic Market Outlook: The increase in orders for Elbit Systems reflects its leadership in high-end defense systems amid rising global defense spending, potentially driving future earnings growth.
- Investor Interest: Despite concerns over valuation, the company's ability to secure large contracts in a booming defense sector may attract more investor interest.
See More
Elbit Systems Secures $277 Million Contract for 30mm Turrets
- Significant Contract Value: Elbit Systems announced securing contracts worth approximately $277 million from an international customer, expected to be executed over three years, which will significantly enhance the company's revenue stream and market position.
- Product Innovation: The supplied 30mm turret features a low-profile design and integrates multiple weapon systems, including a 30mm main gun, a coaxial 7.62mm machine gun, and anti-tank guided missiles, thereby enhancing the firepower of armored personnel carriers.
- Safety Enhancement: The UT30MK2 turret can be configured for manned or unmanned operation, designed to enhance firepower without compromising troop safety, showcasing the company's innovative capabilities in defense technology.
- Positive Market Reaction: Elbit Systems closed trading 2.61% higher at $694.10 on Nasdaq, reflecting investor optimism and confidence in the company following the announcement of the new contracts.
See More
Elbit Systems Secures $435 Million in Contracts
- Significant Contract Value: Elbit Systems announced several contracts valued at approximately $435 million, encompassing advanced defense systems, reflecting the company's commitment to innovation and adaptation in a rapidly evolving market.
- Key Order Win: The company secured a $228 million contract from General Dynamics on January 26 to supply its Iron Fist Active Protection System for U.S. Army Bradley vehicles, with work scheduled over the next three years.
- Strong Order Backlog: As of September 30, 2025, Elbit Systems reported an order backlog of $25.2 billion, indicating robust demand for its offerings and further solidifying its market position in the defense sector.
- Notable Stock Performance: During premarket trading on Tuesday, Elbit Systems shares rose 1.66% to $687.66, highlighting the positive impact of company-specific developments on its stock price, despite mixed performance in the broader market.
See More
Elbit Systems Secures $435 Million in Contracts
- Contract Value: Elbit Systems announced contracts worth approximately $435 million with an international customer, reflecting strong demand for the company's advanced defense systems in the global market.
- Scope of Supply: The contracts will include the supply of land systems and involve a development program for an innovative defense solution, indicating the company's ongoing commitment to technological innovation and product diversification.
- Execution Period: The contracts will be executed over six years, providing a stable revenue stream for the company and laying the groundwork for future business expansion, thereby enhancing its competitive position in the market.
- Market Outlook: Amid rising global defense demand, Elbit Systems' backlog supports its growth potential, although concerns about its valuation persist in the market.
See More
Elbit Systems Secures $277 Million Contract for 30mm Turrets
- Significant Contract Value: Elbit Systems has been awarded contracts worth approximately $277 million by an international customer, to be executed over three years, demonstrating strong market demand and customer trust in the defense sector.
- Innovative Product Advantage: The UT30MK2 is a configurable 30mm turret that offers both manned and unmanned operation flexibility, enhancing the firepower of armored personnel carriers without compromising troop safety, showcasing the company's leadership in technological innovation.
- Market Confidence Reflection: CEO Bezhalel (Butzi) Machlis stated that these contracts reflect the customer's confidence in their advanced land systems and munitions technologies, further solidifying the company's competitive position in the global defense market.
- Strong Financial Performance: As of September 30, 2025, Elbit Systems reported revenues of $1.922 billion and an order backlog of $25.2 billion, indicating the company's sustained growth potential and robust market demand in the defense industry.
See More
Elbit Systems Secures $277 Million Contract for 30mm Turrets
- Significant Contract Value: Elbit Systems has been awarded contracts worth approximately $277 million by an international customer, to be executed over three years, reflecting the customer's trust and reliance on the company's advanced land systems.
- Product Innovation Advantage: The UT30MK2 is a configurable turret that enhances the firepower of armored personnel carriers while ensuring troop safety, with a modular design that allows for quick conversion between manned and unmanned configurations, increasing battlefield flexibility.
- Strong Market Demand: Elbit Systems reported revenues of $1.922 billion for Q3 2025, showcasing robust performance in the global defense market, with a backlog of $25.2 billion indicating substantial future growth potential.
- Leadership Confidence: CEO Bezhalel (Butzi) Machlis stated that the contract win reflects customer confidence in their high-performance solutions, further solidifying Elbit's leadership position in the global weapons systems market.
See More
Elbit Systems Secures $277M Contracts for 30mm Turrets
- Significant Contract Value: Elbit Systems has been awarded contracts worth approximately $277 million by an international customer for the supply of 30mm turrets and munitions, indicating strong demand and competitiveness in the defense market.
- Execution Timeline: These contracts will be executed over a three-year period, expected to provide a stable revenue stream for the company and enhance its market position in the global defense industry.
- Optimistic Market Outlook: The increase in orders for Elbit Systems reflects its leadership in high-end defense systems amid rising global defense spending, potentially driving future earnings growth.
- Investor Interest: Despite concerns over valuation, the company's ability to secure large contracts in a booming defense sector may attract more investor interest.
See More
Elbit Systems Secures $277 Million Contract for 30mm Turrets
- Significant Contract Value: Elbit Systems announced securing contracts worth approximately $277 million from an international customer, expected to be executed over three years, which will significantly enhance the company's revenue stream and market position.
- Product Innovation: The supplied 30mm turret features a low-profile design and integrates multiple weapon systems, including a 30mm main gun, a coaxial 7.62mm machine gun, and anti-tank guided missiles, thereby enhancing the firepower of armored personnel carriers.
- Safety Enhancement: The UT30MK2 turret can be configured for manned or unmanned operation, designed to enhance firepower without compromising troop safety, showcasing the company's innovative capabilities in defense technology.
- Positive Market Reaction: Elbit Systems closed trading 2.61% higher at $694.10 on Nasdaq, reflecting investor optimism and confidence in the company following the announcement of the new contracts.
See More
Elbit Systems Secures $435 Million in Contracts
- Significant Contract Value: Elbit Systems announced several contracts valued at approximately $435 million, encompassing advanced defense systems, reflecting the company's commitment to innovation and adaptation in a rapidly evolving market.
- Key Order Win: The company secured a $228 million contract from General Dynamics on January 26 to supply its Iron Fist Active Protection System for U.S. Army Bradley vehicles, with work scheduled over the next three years.
- Strong Order Backlog: As of September 30, 2025, Elbit Systems reported an order backlog of $25.2 billion, indicating robust demand for its offerings and further solidifying its market position in the defense sector.
- Notable Stock Performance: During premarket trading on Tuesday, Elbit Systems shares rose 1.66% to $687.66, highlighting the positive impact of company-specific developments on its stock price, despite mixed performance in the broader market.
See More
Elbit Systems Secures $435 Million in Contracts
- Contract Value: Elbit Systems announced contracts worth approximately $435 million with an international customer, reflecting strong demand for the company's advanced defense systems in the global market.
- Scope of Supply: The contracts will include the supply of land systems and involve a development program for an innovative defense solution, indicating the company's ongoing commitment to technological innovation and product diversification.
- Execution Period: The contracts will be executed over six years, providing a stable revenue stream for the company and laying the groundwork for future business expansion, thereby enhancing its competitive position in the market.
- Market Outlook: Amid rising global defense demand, Elbit Systems' backlog supports its growth potential, although concerns about its valuation persist in the market.
See More
