Elbit Systems Awarded $228 Million Follow-on Contract to Provide Iron Fist APS for U.S. Army Bradley IFV Upgrades

Elbit Systems (NASDAQ: ESLT) said it was awarded a $228 million follow-on contract by General Dynamics OTS to supply the Company's Iron Fist active protection system for U.S. Army Bradley IFV upgrades.

Rhea-AI Summary

Elbit Systems (NASDAQ: ESLT) said it was awarded a $228 million follow-on contract by General Dynamics OTS to supply the Company's Iron Fist active protection system for U.S. Army Bradley IFV upgrades. The contract will be executed over three years and represents the system's third selection by the U.S. Army. Iron Fist is described as a compact, hard‑kill APS providing 360° protection against ATR, ATGM, UAS, loitering munitions and APFSDS threats. The release also reports ~20,000 employees, $1,922 million revenue for the three months ended Sept 30, 2025, and an order backlog of $25.2 billion.

Positive

• $228 million firm contract to supply Iron Fist over three years
• Marked as Iron Fist's third U.S. Army selection, reinforcing program traction
• 360° hard‑kill protection capability across multiple threat types

Negative

• None.

Argus Jan 26 session

-1.36% close to close Open Argus

Details

News Market Reaction – ESLT

On Jan 26, the day this news came out, ESLT closed 1.36% below the previous close.

Data tracked by StockTitan Argus for the Jan 26 session.

Key Figures

Bradley APS contract: $228 million Quarterly revenue: $1,922 million Order backlog: $25.2 billion +2 more

Bradley APS contract

$228 million

Iron Fist APS follow-on contract, over three years

Quarterly revenue

$1,922 million

Revenues for three months ended September 30, 2025

Order backlog

$25.2 billion

As of September 30, 2025

Contract duration

3 years

Performance period for Iron Fist APS Bradley contract

Employees

approximately 20,000

Global workforce across dozens of countries

Historical Context

5 past events · Latest: Jan 12

5 events

1. Jan 12

   EW/DIRCM contracts

   24h Move

   +4.9%

   Contracts worth about $275M for advanced EW suite and Mini‑MUSIC DIRCM.

2. Dec 16

   Rocket system selection

   24h Move

   +1.9%

   PULS rocket artillery system selected by Hellenic Armed Forces with expected contract.

3. Nov 19

   Tank upgrade awards

   24h Move

   -4.5%

   About $210M in contracts from Israel MoD for Merkava tank upgrades.

4. Nov 18

   Q3 2025 earnings

   24h Move

   +0.2%

   Q3 revenues $1,921.6M, EPS reported, backlog $25.2B and $2.3B contract.

5. Nov 17

   Large international contract

   24h Move

   +6.4%

   International strategic solution contract worth about $2.3B over eight years.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

active protection system, unmanned aerial systems, loitering munitions, apfsds, +2 more

6 terms

active protection system technical

"Bradley Fighting vehicle Active Protection System (APS), that Elbit Systems has been..."

An active protection system is a defensive technology fitted to military vehicles or installations that detects incoming threats—like missiles, rockets or drones—and automatically intercepts or neutralizes them before they hit. It matters to investors because it can be a high-value product line with sales, recurring maintenance and upgrade revenue, and influence on government procurement decisions, so firm performance and risk exposure can shift much like a company that sells advanced alarms that don’t just warn you but stop an intruder.

unmanned aerial systems technical

"including Anti-Tank Rockets (ATR), Anti-Tank Guided Missiles (ATGM), Unmanned Aerial Systems (UAS)..."

Unmanned aerial systems are complete drone setups: the aircraft itself plus the remote control, sensors, communications links and support equipment that let it fly without a person on board. Think of it as a flying robot plus its command center and toolbox. Investors watch these systems because they open new commercial and defense markets, carry revenue and regulatory risks, and can change how goods, data and services are delivered.

loitering munitions technical

"Unmanned Aerial Systems (UAS), loitering munitions, and Kinetic-Energy (APFSDS) tank ammunition..."

A loitering munition is a weapon that combines a small, guided aircraft and its explosive warhead into a single system that can fly over an area, wait while searching for a target, then dive in to destroy it — think of it as a drone with a built‑in bomb that can loiter like a hawk before striking. Investors care because demand, production, export rules, and ethical or regulatory restrictions can sharply affect defense company revenues, supply chains, and share prices.

apfsds technical

"and Kinetic-Energy (APFSDS) tank ammunition, in both open terrain..."

A high‑speed tank or anti‑armor projectile consisting of a dense, slender penetrator held in a lightweight outer shell (sabot) that falls away after firing; fins or rotation keep the penetrator stable like a dart. Investors care because its production, sale, and development drive revenue and margins for defense manufacturers, affect military procurement budgets and export controls, and signal technological edge or regulatory and geopolitical risks that can influence stock value.

electronic warfare technical

"an advanced airborne self-protection electronic warfare (EW) suite, including the Mini-MUSIC..."

Electronic warfare involves using technology to disrupt, deceive, or disable an opponent’s electronic systems, such as communication networks, radar, or navigation signals. It is like jamming or scrambling a radio or GPS to prevent others from receiving clear information. For investors, it matters because advances in electronic warfare can impact military capabilities, influence global security, and affect the stability of markets and technological investments.

dircm technical

"EW suite, including the Mini-MUSIC™ DIRCM, for a helicopter platform..."

Directed infrared countermeasures (DIRCM) are defensive systems that point a focused infrared beam at incoming heat-seeking missiles or sensors to confuse or blind their guidance, causing them to miss their target. For investors, DIRCM matters because sales, certifications, or export approvals for these high-tech systems can drive revenue, signal technological leadership, and affect risk in defense-related companies — think of it like a laser pointer that makes a tracking camera lose its lock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HAIFA, Israel, Jan. 26, 2026 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today, following the U.S. Government's publication from September 29, 2025 of an award to General Dynamics Ordnance and Tactical Systems (GD-OTS) of an order for the Bradley Fighting vehicle Active Protection System (APS), that Elbit Systems has been awarded by GD-OTS a $228 million contract to supply the Company's Iron Fist APS. The contract will be executed over a period of three years.

The Iron Fist APS is an advanced hard-kill active protection system designed to enhance the survivability and self-defense capabilities of armored platforms against a wide range of modern battlefield threats. As the Israel Defense Forces' second-generation APS, Iron Fist combines high performance with a compact design, characterized by low volume, weight and power requirements. The system delivers 360-degree protection against various anti-armor threats, including Anti-Tank Rockets (ATR), Anti-Tank Guided Missiles (ATGM), Unmanned Aerial Systems (UAS), loitering munitions, and Kinetic-Energy (APFSDS) tank ammunition, in both open terrain and complex urban environments.

This contract follows an initial contract awarded to the Company by GD-OTS, as announced by Elbit Systems on May 5, 2024. Iron Fist APS has been selected by the Israel Defense Forces, as well as by leading NATO and worldwide armies for a variety of fighting platforms, and this contract marks its third selection by the U.S. Army.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems: "Our globally recognized Active Protection System continues to demonstrate its technological edge. As a leading provider in this field, we are proud of our close and strategic partnership with GD-OTS and the U.S. Army, and of the trust placed in us to deliver systems that enhance survivability and protect the lives of American troops in the field."

About Elbit Systems 

Elbit Systems is a leading global defense technology company, delivering advanced solutions for a secure and safer world. Elbit Systems develops, manufactures, integrates and sustains a range of next-generation solutions across multiple domains.

Driven by its agile, collaborative culture, and leveraging Israel's technology ecosystem, Elbit Systems enables customers to address rapidly evolving battlefield challenges and overcome threats.

Elbit Systems employs approximately 20,000 people in dozens of countries across five continents. The Company reported $1,922 million in revenues for the three months ended September 30, 2025 and an order backlog of $25.2 billion as of such date.

For additional information, visit: https://elbitsystems.com, follow us on X or visit our official Facebook, YouTube and LinkedIn Channels.

Company Contact:
Dr. Yaacov (Kobi) Kagan, Executive VP - CFO
Tel: +972-77-2946663
kobi.kagan@elbitsystems.com

Daniella Finn, VP, Investor Relations
Tel: +972-77-2948984
daniella.finn@elbitsystems.com

Dalia Bodinger, VP, Communications & Brand
Tel: +972-77-2947602
dalia.bodinger@elbitsystems.com

This press release may contain forward–looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Israeli Securities Law, 1968) regarding Elbit Systems Ltd. and/or its subsidiaries (collectively the Company), to the extent such statements do not relate to historical or current facts. Forward-looking statements are based on management's current expectations, estimates, projections and assumptions about future events. Forward–looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions about the Company, which are difficult to predict, including projections of the Company's future financial results, its anticipated growth strategies and anticipated trends in its business. Therefore, actual future results, performance and trends may differ materially from these forward–looking statements due to a variety of factors, including, without limitation: scope and length of customer contracts; governmental regulations and approvals; changes in governmental budgeting priorities; general market, political and economic conditions in the countries in which the Company operates or sells, including Israel and the United States among others; including the duration and scope of the war in Israel, and the potential impact on our operations; changes in global health and macro-economic conditions; differences in anticipated and actual program performance, including the ability to perform under long-term fixed-price contracts; changes in the competitive environment; and the outcome of legal and/or regulatory proceedings. The factors listed above are not all-inclusive, and further information is contained in Elbit Systems Ltd.'s latest annual report on Form 20-F, which is on file with the U.S. Securities and Exchange Commission. All forward–looking statements speak only as of the date of this press release.

Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company does not undertake to update its forward-looking statements.

Elbit Systems Ltd., its logo, brand, product, service and process names appearing in this press release are the trademarks or service marks of Elbit Systems Ltd. or its affiliated companies. All other brand, product, service and process names appearing are the trademarks of their respective holders. Reference to or use of a product, service or process other than those of Elbit Systems Ltd. does not imply recommendation, approval, affiliation or sponsorship of that product, service or process by Elbit Systems Ltd. Nothing contained herein shall be construed as conferring by implication, estoppel or otherwise any license or right under any patent, copyright, trademark or other intellectual property right of Elbit Systems Ltd. or any third party, except as expressly granted herein.

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SOURCE Elbit Systems Ltd.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the value and duration of Elbit Systems' Bradley Iron Fist contract (ESLT)?

Elbit Systems was awarded a $228 million contract to supply Iron Fist over a three‑year period.

How significant is this award for Iron Fist's U.S. Army program (ESLT)?

The award represents Iron Fist's third selection by the U.S. Army, indicating continued program adoption.

What protection capabilities does the Iron Fist APS provide on Bradley IFV upgrades (ESLT)?

Iron Fist is a compact hard‑kill APS delivering 360° protection against ATR, ATGM, UAS, loitering munitions and APFSDS threats.

How does the contract relate to Elbit Systems' recent financial scale (ESLT)?

The company reported $1,922 million revenue for the three months ended Sept 30, 2025 and an order backlog of $25.2 billion.

Who awarded the Iron Fist follow‑on contract for the Bradley upgrades (ESLT)?

General Dynamics Ordnance and Tactical Systems (GD‑OTS) awarded Elbit Systems the $228 million follow‑on contract.