Elbit Systems Awarded Contracts in an Aggregate Amount of $210 Million from Israel Ministry of Defense for Tank Upgrades

Rhea-AI Summary

Elbit Systems (NASDAQ: ESLT) was awarded contracts from the Israel Ministry of Defense totaling approximately $210 million for upgrades to Merkava main battle tanks.

The work will be performed over six years and covers renewal of electronic assemblies, upgrades to multiple onboard systems, supply of spare parts, and comprehensive maintenance and support services. The programs include AI-enhanced, lightweight electro-optical sights offering panoramic day/night observation and advanced target detection, acquisition, and tracking.

The company stated the awards continue its role as a partner to the Israel Ministry of Defense and Israel Defense Forces to extend tank operational service life and enhance survivability.

Positive

• $210 million in signed contracts
• Contracts span a six-year performance period
• Includes AI-enhanced electro-optical sights for modernized capability
• Scope covers spare parts plus maintenance, enabling recurring services

Negative

• Contract revenue will be recognized over six years, diluting near-term cash impact

News Market Reaction

-4.51%

3 alerts

-4.51% News Effect

-$1.05B Valuation Impact

$22.30B Market Cap

0.6x Rel. Volume

On the day this news was published, ESLT declined 4.51%, reflecting a moderate negative market reaction. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $1.05B from the company's valuation, bringing the market cap to $22.30B at that time.

Data tracked by StockTitan Argus on the day of publication.

HAIFA, Israel, Nov. 19, 2025 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that it has been awarded contracts from the Israel Ministry of Defense in an aggregate amount of approximately $210 million for the upgrade of Merkava Main Battle Tanks (MBTs). The contracts will be performed over a period of six years.

Under these contracts, Elbit Systems will carry out an extensive renewal of the electronic assemblies of the tanks to extend their operational service life, as well as the upgrade and enhancement of multiple onboard systems. Among these are high–performance, lightweight, AI–enhanced electro–optical sights that provide panoramic day– and night–time observation, along with advanced target detection, acquisition, and tracking capabilities. The contracts also include the supply of spare parts and the provision of comprehensive maintenance and support services.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems: "Elbit Systems is proud to continue serving as a key partner of the Israel Ministry of Defense and the Israel Defense Forces in advancing their technological capabilities. These new contracts reflect our ongoing commitment to providing cutting–edge solutions that enhance the operational effectiveness and survivability of Israel's armored platforms."

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 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 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

What did Elbit Systems (ESLT) announce on November 19, 2025 regarding Merkava tank upgrades?

Elbit Systems announced contracts worth approximately $210 million from the Israel Ministry of Defense to upgrade Merkava MBTs over six years.

How long will Elbit Systems perform the Merkava upgrade contracts (ESLT)?

The contracts will be performed over a six-year period.

What key systems are included in the ESLT Merkava upgrade contracts?

Upgrades include renewal of electronic assemblies, AI-enhanced electro-optical sights, spare parts supply, and maintenance support.

How much are the Elbit Systems (ESLT) contracts from the Israel Ministry of Defense worth?

The aggregate contract value is approximately $210 million.

Will the ESLT Merkava contracts include ongoing support and parts?

Yes, the contracts include supply of spare parts and comprehensive maintenance and support services.

What operational benefits do the ESLT upgrades provide to Merkava tanks?

The upgrades aim to extend operational service life and add panoramic day/night observation with advanced target detection and tracking.