Elbit Systems Secures $350 Million Tank Upgrade Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 44 minutes ago
0mins
Source: PRnewswire
- Significant Contract Value: Elbit Systems has secured a contract valued at approximately $350 million from an international customer to upgrade Main Battle Tanks, expected to be completed over four years, which will significantly enhance the company's revenue and market position.
- System Modernization: The program will integrate advanced fire control systems, electric gun and turret drive systems, and communication solutions, enhancing the tanks' combat readiness and ensuring customers maintain battlefield superiority.
- Technological Innovation: The upgrades include lightweight, high-performance electro-optical sights with AI capabilities for day and night observation and target detection, further enhancing the combat effectiveness and survivability of the tanks.
- Long-term Support Assurance: The contract also covers the supply of spare parts and maintenance technical support to ensure long-term operational availability, demonstrating Elbit's leadership in the global defense market and commitment to customer needs.
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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: 852.410
Low
531.00
Averages
553.67
High
580.00
Current: 852.410
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 countermeasure 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 Reports Record Backlog and Revenue Growth in Q1 2026
- Record Backlog: Elbit Systems reported a record backlog exceeding $30 billion, reaching $30.2 billion, with revenues rising 15.5% to $2.19 billion, reflecting strong market demand and improved profitability, which bolsters management's confidence in sustained growth.
- European Market Focus: CEO Bezhalel Machlis emphasized the significance of the European market, highlighting a newly signed $1.4 billion modernization contract, with Europe contributing 23% of first-quarter revenues, indicating that accelerated procurement and modernization needs are becoming a major growth engine.
- Increased Capital Expenditure: Elbit plans to raise capital expenditures to about 3% of revenue, focusing on land-domain facilities, robotics, and automation, aiming to enhance production capacity to meet rising defense demands while completing the UTACS acquisition to expand its portfolio.
- Investment in Counter-Drone Systems: Elbit's counter-UAS systems integrate radars, electro-optics, jammers, and AI-driven battle management, with R&D spending at 6.9% of revenues, demonstrating a strong alignment between technology investment and market demand, which is expected to drive future order growth.
See More
Elbit Systems Secures $350M Tank Upgrade Contract
- Significant Contract Value: Elbit Systems has secured a contract valued at approximately $350 million from an international customer for Main Battle Tank upgrades, which not only enhances the company's revenue outlook but also solidifies its position in the defense market.
- System Integration Upgrades: The program includes the integration of advanced Fire Control Systems, Electric Gun & Turret Drive Systems, Communication and Situational Awareness solutions, as well as a Mid Life Upgrade package, aimed at extending the tanks' service life and enhancing combat readiness, thereby boosting the client's operational capabilities.
- Defined Execution Timeline: Under the contract, Elbit Systems will complete all upgrades over a four-year period, providing a stable revenue stream for the company and enhancing its long-term competitiveness in the defense sector.
- Strong Stock Performance: Elbit Systems' shares have risen by 43.4% year-to-date, reflecting strong market confidence in defense demand and indicating the company's resilience and potential in navigating industry challenges.
See More
Elbit Systems Secures $350 Million Tank Upgrade Contract
- Significant Contract Value: Elbit Systems has secured a contract valued at approximately $350 million from an international customer to upgrade Main Battle Tanks, expected to be completed over four years, which will significantly enhance the company's revenue and market position.
- System Modernization: The program will integrate advanced fire control systems, electric gun and turret drive systems, and communication solutions, enhancing the tanks' combat readiness and ensuring customers maintain battlefield superiority.
- Technological Innovation: The upgrades include lightweight, high-performance electro-optical sights with AI capabilities for day and night observation and target detection, further enhancing the combat effectiveness and survivability of the tanks.
- Long-term Support Assurance: The contract also covers the supply of spare parts and maintenance technical support to ensure long-term operational availability, demonstrating Elbit's leadership in the global defense market and commitment to customer needs.
See More
Elbit Systems Secures $350 Million Tank Upgrade Contract
- Significant Contract Value: Elbit Systems has secured a contract worth approximately $350 million from an international customer to upgrade Main Battle Tanks over a four-year period, indicating strong demand and competitiveness in the global defense market.
- System Modernization: The program will integrate advanced fire control systems, electric turret drive systems, and communication solutions aimed at extending the tanks' service life and enhancing combat readiness, thereby improving the operational capabilities of its customers.
- Technological Innovation: The upgrades include lightweight, high-performance electro-optical sights with AI capabilities for day and night observation, as well as advanced target detection and tracking, which significantly enhance the combat efficiency and survivability of the tanks, ensuring a decisive advantage on the battlefield.
- Long-term Support Assurance: The contract also covers the supply of spare parts and maintenance technical support to ensure long-term operational availability, reflecting Elbit Systems' commitment to customer needs and its capability to deliver comprehensive solutions in the defense sector.
See More
Elbit Systems Reports Strong Q1 Growth with Record Backlog
- Significant Revenue Growth: Elbit Systems Ltd reported a 15.5% year-over-year increase in Q1 revenue to $2.189 billion, up from $1.896 billion, reflecting strong demand in key markets like Europe and Israel, which further solidifies its market position.
- Record Backlog: The company's backlog surpassed $30 billion for the first time, with approximately 71% generated from outside Israel, indicating robust demand for its products in international markets and laying a solid foundation for future revenue growth.
- Improved Profitability: GAAP diluted EPS reached $3.34, a 42% increase, while non-GAAP diluted EPS was $3.87, up 51%, demonstrating significant progress in cost control and operational efficiency, which enhances investor confidence.
- Increased R&D Investment: Despite R&D expenses rising to 6.9% of revenues, the company is actively investing in advanced R&D initiatives, including AI capabilities, to support sustainable growth and maintain its leadership position in the industry.
See More
Elbit Systems Reports Strong Q1 2026 Earnings with Record Backlog
- Significant Revenue Growth: Elbit Systems reported a 15.5% year-over-year increase in Q1 revenues to $2.189 billion, surpassing the $1.896 billion from Q1 2025, reflecting the company's strong performance in defense demand.
- Record Backlog: As of March 31, 2026, the company's backlog exceeded $30 billion for the first time, with approximately 49% of this backlog expected to be fulfilled in 2026 and 2027, indicating substantial future revenue growth potential.
- New Contract Drives Development: The company announced a new contract valued at approximately $1.4 billion from a European customer for military modernization programs, which not only strengthens its market position but also lays the groundwork for future revenue growth.
- Capital Expenditure Plans: Management indicated plans to allocate around 3% of revenues for capital expenditures in the near future, focusing on investments in R&D and expanding production capabilities to meet rising market demand while maintaining cost-effectiveness.
See More
Elbit Systems Reports Record Backlog and Revenue Growth in Q1 2026
- Record Backlog: Elbit Systems reported a record backlog exceeding $30 billion, reaching $30.2 billion, with revenues rising 15.5% to $2.19 billion, reflecting strong market demand and improved profitability, which bolsters management's confidence in sustained growth.
- European Market Focus: CEO Bezhalel Machlis emphasized the significance of the European market, highlighting a newly signed $1.4 billion modernization contract, with Europe contributing 23% of first-quarter revenues, indicating that accelerated procurement and modernization needs are becoming a major growth engine.
- Increased Capital Expenditure: Elbit plans to raise capital expenditures to about 3% of revenue, focusing on land-domain facilities, robotics, and automation, aiming to enhance production capacity to meet rising defense demands while completing the UTACS acquisition to expand its portfolio.
- Investment in Counter-Drone Systems: Elbit's counter-UAS systems integrate radars, electro-optics, jammers, and AI-driven battle management, with R&D spending at 6.9% of revenues, demonstrating a strong alignment between technology investment and market demand, which is expected to drive future order growth.
See More
Elbit Systems Secures $350M Tank Upgrade Contract
- Significant Contract Value: Elbit Systems has secured a contract valued at approximately $350 million from an international customer for Main Battle Tank upgrades, which not only enhances the company's revenue outlook but also solidifies its position in the defense market.
- System Integration Upgrades: The program includes the integration of advanced Fire Control Systems, Electric Gun & Turret Drive Systems, Communication and Situational Awareness solutions, as well as a Mid Life Upgrade package, aimed at extending the tanks' service life and enhancing combat readiness, thereby boosting the client's operational capabilities.
- Defined Execution Timeline: Under the contract, Elbit Systems will complete all upgrades over a four-year period, providing a stable revenue stream for the company and enhancing its long-term competitiveness in the defense sector.
- Strong Stock Performance: Elbit Systems' shares have risen by 43.4% year-to-date, reflecting strong market confidence in defense demand and indicating the company's resilience and potential in navigating industry challenges.
See More
Elbit Systems Secures $350 Million Tank Upgrade Contract
- Significant Contract Value: Elbit Systems has secured a contract valued at approximately $350 million from an international customer to upgrade Main Battle Tanks, expected to be completed over four years, which will significantly enhance the company's revenue and market position.
- System Modernization: The program will integrate advanced fire control systems, electric gun and turret drive systems, and communication solutions, enhancing the tanks' combat readiness and ensuring customers maintain battlefield superiority.
- Technological Innovation: The upgrades include lightweight, high-performance electro-optical sights with AI capabilities for day and night observation and target detection, further enhancing the combat effectiveness and survivability of the tanks.
- Long-term Support Assurance: The contract also covers the supply of spare parts and maintenance technical support to ensure long-term operational availability, demonstrating Elbit's leadership in the global defense market and commitment to customer needs.
See More
Elbit Systems Secures $350 Million Tank Upgrade Contract
- Significant Contract Value: Elbit Systems has secured a contract worth approximately $350 million from an international customer to upgrade Main Battle Tanks over a four-year period, indicating strong demand and competitiveness in the global defense market.
- System Modernization: The program will integrate advanced fire control systems, electric turret drive systems, and communication solutions aimed at extending the tanks' service life and enhancing combat readiness, thereby improving the operational capabilities of its customers.
- Technological Innovation: The upgrades include lightweight, high-performance electro-optical sights with AI capabilities for day and night observation, as well as advanced target detection and tracking, which significantly enhance the combat efficiency and survivability of the tanks, ensuring a decisive advantage on the battlefield.
- Long-term Support Assurance: The contract also covers the supply of spare parts and maintenance technical support to ensure long-term operational availability, reflecting Elbit Systems' commitment to customer needs and its capability to deliver comprehensive solutions in the defense sector.
See More
Elbit Systems Reports Strong Q1 Growth with Record Backlog
- Significant Revenue Growth: Elbit Systems Ltd reported a 15.5% year-over-year increase in Q1 revenue to $2.189 billion, up from $1.896 billion, reflecting strong demand in key markets like Europe and Israel, which further solidifies its market position.
- Record Backlog: The company's backlog surpassed $30 billion for the first time, with approximately 71% generated from outside Israel, indicating robust demand for its products in international markets and laying a solid foundation for future revenue growth.
- Improved Profitability: GAAP diluted EPS reached $3.34, a 42% increase, while non-GAAP diluted EPS was $3.87, up 51%, demonstrating significant progress in cost control and operational efficiency, which enhances investor confidence.
- Increased R&D Investment: Despite R&D expenses rising to 6.9% of revenues, the company is actively investing in advanced R&D initiatives, including AI capabilities, to support sustainable growth and maintain its leadership position in the industry.
See More
Elbit Systems Reports Strong Q1 2026 Earnings with Record Backlog
- Significant Revenue Growth: Elbit Systems reported a 15.5% year-over-year increase in Q1 revenues to $2.189 billion, surpassing the $1.896 billion from Q1 2025, reflecting the company's strong performance in defense demand.
- Record Backlog: As of March 31, 2026, the company's backlog exceeded $30 billion for the first time, with approximately 49% of this backlog expected to be fulfilled in 2026 and 2027, indicating substantial future revenue growth potential.
- New Contract Drives Development: The company announced a new contract valued at approximately $1.4 billion from a European customer for military modernization programs, which not only strengthens its market position but also lays the groundwork for future revenue growth.
- Capital Expenditure Plans: Management indicated plans to allocate around 3% of revenues for capital expenditures in the near future, focusing on investments in R&D and expanding production capabilities to meet rising market demand while maintaining cost-effectiveness.
See More
