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

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.

Key Figures

Contract value: $435 million Contract duration: 6 years

2 metrics

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

Market Reality Check

Price: $676.43 Vol: Volume 57,716 is below th...

low vol

$676.43 Last Close

Volume Volume 57,716 is below the 20-day average of 118,398 (relative volume 0.49x). low

Technical Price at 676.43 is trading above the 200-day MA of 500.89 and 8.67% below the 52-week high.

Peers on Argus

ESLT showed a slight -0.12% move pre-news. Peers were mixed: RKLB +1.12%, CW +0....

ESLT showed a slight -0.12% move pre-news. Peers were mixed: RKLB +1.12%, CW +0.52%, BWXT +1.18%, LHX +1.67%, while TXT declined -1.28%, suggesting stock-specific rather than broad sector movement.

Historical Context

5 past events · Latest: Jan 26 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 26	Defense contract win	Positive	-1.4%	Won <b>$228M</b> Iron Fist APS follow-on contract for U.S. Army Bradleys.
Jan 12	Defense contract win	Positive	+4.9%	Secured about <b>$275M</b> EW and DIRCM contracts for Asia-Pacific helicopters.
Dec 16	System selection	Positive	+1.9%	PULS rocket artillery system selected by Hellenic Armed Forces with material contract expected.
Nov 19	Defense contract win	Positive	-4.5%	Awarded about <b>$210M</b> in Israel MoD contracts for Merkava tank upgrades.
Nov 18	Quarterly earnings	Positive	+0.2%	Reported Q3 2025 revenues of <b>$1,921.6M</b>, backlog <b>$25.2B</b>, and a <b>$2.3B</b> contract.

Pattern Detected

Recent contract wins generally prompted mixed reactions, with three positive and two negative 24-hour moves following broadly favorable announcements.

Recent Company History

Over the last few months, ESLT has reported a series of sizable defense-related wins and solid financial results. These included contracts of $228 million, about $275 million, and about $210 million, plus selection of its PULS artillery system and Q3 2025 revenues of $1,921.6 million with a $25.2 billion backlog and an additional $2.3 billion contract. Today’s roughly $435 million multi-year awards extend this pattern of building a sizable, long-duration order book.

Market Pulse Summary

This announcement adds roughly $435 million of multi-year work, extending ESLT’s trend of significan...

Analysis

This announcement adds roughly $435 million of multi-year work, extending ESLT’s trend of significant contract awards and supporting long-term revenue visibility over the next 6 years. Recent history features other sizable wins and a large reported backlog, underscoring sustained demand for its defense technologies. Investors may watch how these programs convert into margins, how reliably milestones are met, and how new awards affect overall backlog composition and geographic exposure.

AI-generated analysis. Not financial advice.

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

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.