Elbit Systems Awarded $277 Million Contracts for 30mm Turrets and Munitions by an International Customer
Rhea-AI Summary
Elbit Systems (NASDAQ: ESLT) was awarded contracts totaling approximately $277 million by an international customer for the supply of 30 mm turrets and munitions. The contracts are to be performed over a period of three years, and include the configurable UT30MK2 manned/unmanned turret.
The UT30MK2 features a low profile, 30mm main gun, coaxial 7.62mm weapon, ATGMs integration, modular design and open architecture that allow easy conversion between manned and unmanned configurations.
Positive
- $277 million in contracts awarded, providing near‑term booked work
- Contracts cover supply of 30 mm turrets and munitions, core land‑systems products
- Order explicitly includes the UT30MK2 configurable manned/unmanned turret
Negative
- Contracts will be performed over three years, spreading revenue recognition
- Award is from a single international customer, implying potential customer concentration risk
Key Figures
Market Reality Check
Peers on Argus
ESLT gained 2.61% while key Aerospace & Defense peers like RKLB, CW, BWXT, TXT, and LHX also showed positive moves (up to 5.76%), but no names appeared on the momentum scanner, so this looks more stock-specific than a broad sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 26 | Defense contract win | Positive | -1.4% | Awarded $228M follow-on Iron Fist APS contract for U.S. Army Bradley IFVs. |
| Jan 12 | Defense contract win | Positive | +4.9% | Secured ~$275M EW and Mini-MUSIC DIRCM contracts for Asia-Pacific helicopters. |
| Dec 16 | System selection | Positive | +1.9% | PULS rocket artillery system selected by Hellenic Armed Forces as budget approved. |
| Nov 19 | Defense contract win | Positive | -4.5% | Won ~$210M contracts from Israel MoD for Merkava tank electronic upgrades. |
| Nov 18 | Earnings update | Positive | +0.2% | Posted Q3 2025 results with $1.92B revenue, $25.2B backlog, and $2.3B contract. |
Recent defense contract wins often produced mixed reactions, with both rallies and sell-offs on otherwise positive awards and backlog updates.
Over the past six months, ESLT has repeatedly reported sizable defense contracts and solid fundamentals. Awards included $228M for Iron Fist APS on Jan 26, 2026, about $275M in EW/DIRCM contracts on Jan 12, 2026, and roughly $210M in Merkava tank upgrades on Nov 19, 2025. Q3 2025 results on Nov 18, 2025 highlighted revenues near $1.92B and an order backlog of $25.2B. Today’s $277M turret and munitions contracts fit this pattern of recurring, multi‑year awards.
Market Pulse Summary
This announcement adds approximately $277M in contracts over three years for 30mm turrets and munitions, reinforcing ESLT’s role in advanced land systems. It follows multiple recent awards across armor protection and airborne EW, alongside a reported order backlog of $25.2B. Investors may watch how these wins translate into revenue growth in upcoming results and how sustained demand for turrets, munitions, and protection systems shapes the company’s longer‑term backlog mix.
AI-generated analysis. Not financial advice.
The UT30MK2 is a configurable manned and unmanned turret that enhances the firepower of armored personnel carriers (APCs) without compromising troop safety. Its modular design and open architecture allow for both unmanned and manned turret configurations, with easy conversion between the two and integration of various missiles and sights. Featuring a very low profile, the UT30MK2 integrates a wide array of weapon systems, including a 30mm main gun, a coaxial 7.62mm, and ATGMs.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems: "We are proud to be selected once again by a valued international customer. These contracts reflect the customer's confidence in our advanced land systems and munitions technologies and further demonstrate our ability to deliver high–performance, operational solutions to armed forces worldwide."
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
Elbit Systems employs approximately 20,000 people in dozens of countries across five continents. The Company reported
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
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
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