Elbit Systems secures $150M contracts with BAE Systems
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 07 Jan 26
Source: NASDAQ.COM
Elbit Systems Ltd (ESLT) saw a price increase of 3.22%, reaching a 52-week high. This movement comes amid broader market strength, with the Nasdaq-100 up 0.57% and the S&P 500 up 0.15%.
The surge is attributed to Elbit Systems securing $150 million contracts with BAE Systems for the integration of the Iron Fist Active Protection System into CV90 Infantry Fighting Vehicles. This significant contract not only enhances Elbit's market position among Western armies but also reflects growing confidence in its capabilities, bolstered by positive results from recent live-fire trials.
This contract positions Elbit Systems for potential future orders and expands its market share in Europe, enhancing its competitiveness in the global defense market.
Analyst Views on ESLT
Wall Street analysts forecast ESLT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ESLT is 553.67 USD with a low forecast of 531.00 USD and a high forecast of 580.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 730.830
Low
531.00
Averages
553.67
High
580.00
Current: 730.830
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.
