Elbit Systems Awarded Contracts Valued at Approximately $435 Million for Advanced Defense Systems

Elbit Systems (NASDAQ: ESLT) was awarded several contracts worth approximately $435 million from an international customer to supply advanced land systems and conduct a development program for an innovative defense solution.

Rhea-AI Summary

Elbit Systems (NASDAQ: ESLT) was awarded several contracts worth approximately $435 million from an international customer to supply advanced land systems and conduct a development program for an innovative defense solution.

The contracts will be performed over a six-year period, combining deliveries of fielded systems with a multi-year development effort.

Positive

• $435 million in contracts awarded
• Contracts span six years of performance
• Includes a development program for an innovative defense solution
• Scope covers multiple advanced land systems

Negative

• None.

Argus Feb 17 session

+2.61% close to close Open Argus

Details

News Market Reaction – ESLT

On Feb 17, the day this news came out, ESLT closed 2.61% above the previous close.

Data tracked by StockTitan Argus for the Feb 17 session.

Key Figures

Contract value: $435 million Contract duration: 6 years

Contract value

$435 million

Total value of several contracts from an international customer

Contract duration

6 years

Period over which the awarded contracts will be performed

Historical Context

5 past events · Latest: Jan 26

5 events

1. Jan 26

   Defense contract win

   24h Move

   -1.4%

   Won $228M Iron Fist APS follow-on contract for U.S. Army Bradleys.

2. Jan 12

   Defense contract win

   24h Move

   +4.9%

   Secured about $275M EW and DIRCM contracts for Asia-Pacific helicopters.

3. Dec 16

   System selection

   24h Move

   +1.9%

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

4. Nov 19

   Defense contract win

   24h Move

   -4.5%

   Awarded about $210M in Israel MoD contracts for Merkava tank upgrades.

5. Nov 18

   Quarterly earnings

   24h Move

   +0.2%

   Reported Q3 2025 revenues of $1,921.6M, backlog $25.2B, and a $2.3B contract.

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

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

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HAIFA, Israel, Feb. 17, 2026 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that it was awarded several contracts with a total value of approximately $435 million from an international customer. Under these contracts, the Company will supply a range of advanced systems, including land systems, and will also carry out a development program for an innovative defense solution. The contracts will be performed over a period of six years.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems: "These contracts reflect confidence in both our operational–proven systems and our ability to develop strategic, future–oriented capabilities. We take pride in being recognized not only for reliable, fielded solutions, but also for our capacity to innovate and adapt to the evolving challenges of the modern battlefield."

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.

Logo: https://mma.prnewswire.com/media/2017806/Elbit_Systems_Logo.jpg

 

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SOURCE Elbit Systems Ltd.

FAQ

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

What contracts did Elbit Systems (ESLT) announce on February 17, 2026?

Elbit Systems announced awards of multiple contracts totaling approximately $435 million. According to the company, the awards cover supply of advanced land systems and a development program to be performed over six years.

How long will Elbit Systems (ESLT) perform the $435 million contracts?

The contracts are scheduled to be performed over a six-year period. According to the company, that timeline covers both deliveries of fielded systems and a multi-year development program.

What products and services are included in Elbit Systems' (ESLT) new contracts?

The contracts include supply of a range of advanced land systems and execution of a development program for an innovative defense solution. According to the company, this combines proven systems and R&D work.

Who is the customer for Elbit Systems' (ESLT) contracts announced February 17, 2026?

The announcement states the awards were from an international customer. According to the company, no further customer-identifying details were disclosed in the announcement.

What does the $435 million contract award mean for Elbit Systems' (ESLT) near-term backlog?

The awards add approximately $435 million of contracted work to future performance. According to the company, the contracts include both deliveries and a multi-year development effort that will be executed over six years.

Will Elbit Systems (ESLT) develop new capabilities under the awarded contracts?

Yes, the contracts include a development program for an innovative defense solution. According to the company, this reflects confidence in its operational systems and its capacity to develop future-oriented capabilities.