Elbit Systems of America Awarded $212 Million Delivery Order From The U.S. Army For Enhanced Night Vision Goggle - Binocular

Elbit Systems (NASDAQ: ESLT) announced that U.S. subsidiary Elbit Systems of America – Night Vision received a $212 million delivery order from the U.S. Army for continued production of Enhanced Night Vision Goggle - Binocular (ENVG-B) systems.

Rhea-AI Summary

Elbit Systems (NASDAQ: ESLT) announced that U.S. subsidiary Elbit Systems of America – Night Vision received a $212 million delivery order from the U.S. Army for continued production of Enhanced Night Vision Goggle - Binocular (ENVG-B) systems. Deliveries are scheduled through 2028.

Elbit Systems of America is the only prime supplier selected for this order under the ENVG-B program, originally awarded in 2023.

Positive

• U.S. Army ENVG-B delivery order valued at approximately $212 million
• Elbit Systems of America chosen as only prime supplier for this delivery order
• Contract provides production and delivery visibility through 2028
• Order continues ENVG-B program originally awarded in 2023, indicating ongoing customer confidence

Negative

• None.

Argus May 12 session

+0.91% close to close Open Argus

Details

News Market Reaction – ESLT

On May 12, the day this news came out, ESLT closed 0.91% above the previous close.

Data tracked by StockTitan Argus for the May 12 session.

Key Figures

ENVG-B order value: $212 million Delivery timeline: Through 2028 2025 revenue: $7,938.6 million +5 more

ENVG-B order value

$212 million

Delivery order for Enhanced Night Vision Goggle - Binocular systems

Delivery timeline

Through 2028

Deliveries under the U.S. Army award

2025 revenue

$7,938.6 million

Revenues for year ended December 31, 2025 (Form 6-K)

Order backlog

$28.1 billion

Backlog as of December 31, 2025 (Form 6-K)

Employees

Over 20,000

Global workforce across five continents (Form 6-K)

Option grant size

30,000 Ordinary Shares

CEO compensation-related option exercised April 9, 2026 (Form 4)

Option exercise price

$134.34 per share

Exercise price for multiple employee stock option grants (Form 4 filings)

Share sale price

$887.40 per share

Open-market sale price following option exercises (Form 4 filings)

Historical Context

5 past events · Latest: Apr 27

5 events

1. Apr 27

   Earnings date notice

   24h Move

   -0.3%

   Announcement of Q1 2026 results release and conference call scheduling.

2. Apr 22

   Defense contracts win

   24h Move

   -1.5%

   Approx. $200M airborne munitions contracts with Israel Ministry of Defense.

3. Apr 06

   Large artillery contract

   24h Move

   +3.9%

   Approx. $750M PULS rocket artillery systems deal for Hellenic Armed Forces.

4. Mar 23

   Peer product showcase

   24h Move

   -1.9%

   Oshkosh Defense showcasing integrated mobility solutions at AUSA conference.

5. Mar 17

   Annual report filing

   24h Move

   -6.0%

   Filing of 2025 Form 20‑F annual report with U.S. and Israeli regulators.

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

Key Terms

thermal imaging, augmented reality, order backlog, employee stock option, +4 more

8 terms

thermal imaging medical

"By combining high-resolution image intensification with thermal imaging, the ENVG-B enables"

Thermal imaging is a camera-based technology that detects infrared radiation and turns differences in heat into a visible picture, like a camera that 'sees' temperature instead of color. Investors care because it is used across industries—medical diagnostics, building and equipment inspections, security, and manufacturing—so adoption, regulatory approval, or product improvements can affect sales, margins and competitive position in companies that make or use the technology.

augmented reality technical

"The system also supports augmented reality overlays and passive targeting, enhancing"

Augmented reality is technology that layers computer-generated images, information or sounds onto your view of the real world through devices like phones, tablets or smart glasses — like seeing navigation arrows or product labels projected onto what you’re looking at. It matters to investors because it creates new ways to sell hardware, software, services and ads, can change customer engagement and recurring revenue models, and carries adoption and privacy risks that affect company value.

order backlog financial

"and an order backlog of $28.1 billion as of that date."

Order backlog is the total value or number of customer orders a company has received but not yet fulfilled or delivered. It acts like a queue at a busy restaurant: a healthy backlog signals steady future sales and revenue visibility, while a growing backlog can also warn of production bottlenecks, delayed cash collection, or rising costs — all important when assessing a company’s near-term performance and operational risks.

employee stock option financial

"an employee stock option for 30,000 Ordinary Shares was exercised at $134.34 per share"

An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.

exercise price financial

"at an exercise price of $134.34 per share, receiving an equal number of ordinary shares"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

form 20-f regulatory

"filed its annual report on Form 20-F for the fiscal year ended December 31, 2025"

Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

form 4 regulatory

"title": "[Form 4] ELBIT SYSTEMS LTD Insider Trading Activity""

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

View in glossary

form 6-k regulatory

"title": "[6-K] ELBIT SYSTEMS LTD Current Report (Foreign Issuer)""

A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.

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HAIFA, Israel, May 12, 2026 /PRNewswire/ -- Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) ("Elbit Systems" or the "Company") announced today that its U.S. subsidiary, Elbit Systems of America – Night Vision LLC ("Elbit Systems of America"), received a delivery order valued at approximately $212 million, for the continued production of the Enhanced Night Vision Goggle - Binocular (ENVG-B) systems for the U.S. Army. Deliveries under the award will take place through 2028.

The Army has historically split production for ENVG-B systems among multiple vendors, however Elbit Systems of America was the only prime supplier selected for this delivery order.

The ENVG-B provides U.S. soldiers with advanced visual and situational capabilities designed for the demands of the modern battlefield. By combining high-resolution image intensification with thermal imaging, the ENVG-B enables soldiers to clearly detect, recognize, and engage threats in low-light or no-light environments. The system also supports augmented reality overlays and passive targeting, enhancing survivability, mobility, and operational effectiveness in a wide range of weather and visibility conditions.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems: "We are proud of Elbit America's role as a trusted partner to the U.S. Armed Forces, delivering cutting-edge night vision systems. The continuation of orders under the program originally awarded in 2023 is a strong testament to the performance and trust placed in our systems. This achievement reflects our ongoing commitment to innovation and our continued focus on developing technologies that provide our defense partners with the clarity and confidence they need to succeed in any environment."

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 over 20,000 people in dozens of countries across five continents. The Company reported $7,938.6 million in revenues for the year ended December 31, 2025, and an order backlog of $28.1 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 did Elbit Systems (ESLT) announce on May 12, 2026 about the U.S. Army contract?

Elbit Systems announced a U.S. Army delivery order worth about $212 million for ENVG-B systems. According to Elbit Systems, its American night vision subsidiary will continue producing Enhanced Night Vision Goggle - Binocular units, with deliveries planned to run through 2028.

How large is the new ENVG-B delivery order Elbit Systems (ESLT) received from the U.S. Army?

The new ENVG-B delivery order is valued at approximately $212 million. According to Elbit Systems, this funding supports continued production of Enhanced Night Vision Goggle - Binocular systems for U.S. soldiers, extending the company’s existing program that was originally awarded in 2023.

Over what period will Elbit Systems (ESLT) deliver ENVG-B systems under the $212 million order?

Deliveries of ENVG-B systems under the $212 million order are scheduled through 2028. According to Elbit Systems, its U.S. subsidiary will supply Enhanced Night Vision Goggle - Binocular units to the U.S. Army over multiple years, providing extended production visibility.

Is Elbit Systems of America the sole supplier for the latest ENVG-B order from the U.S. Army?

Yes, Elbit Systems of America was selected as the only prime supplier for this delivery order. According to Elbit Systems, although ENVG-B production has historically been split among vendors, this order designates its U.S. subsidiary as the sole prime contractor for the Army.

What capabilities do Elbit Systems’ ENVG-B goggles provide to U.S. Army soldiers?

ENVG-B goggles combine high-resolution image intensification with thermal imaging to enhance vision in low or no light. According to Elbit Systems, the system supports augmented reality overlays and passive targeting, improving survivability, mobility, and operational effectiveness across varied weather and visibility conditions.

Why is the 2026 ENVG-B order important for Elbit Systems (ESLT) investors?

The 2026 ENVG-B order secures a multi-year, $212 million revenue stream. According to Elbit Systems, it also continues a program initiated in 2023 and confirms Elbit Systems of America as the only prime supplier on this order, highlighting sustained U.S. Army trust.