Elbit Systems of America Awarded Contracts from U.S. Customs and Border Protection Totaling Over $370 Million to Enhance U.S. National Security

Rhea-AI Summary

Elbit Systems (NASDAQ: ESLT) reported that its U.S. subsidiary, Elbit Systems of America, received multiple awards from U.S. Customs and Border Protection (CBP) totaling over $370 million. The contracts are intended to enhance U.S. national security, with work scheduled through May 2029.

According to the company, Elbit Systems provides advanced, operationally proven technologies designed to deliver real-time situational awareness for complex security and defense missions. Elbit Systems employed over 20,000 people worldwide and reported $2,188.8 million in revenue for the three months ended March 31, 2026, with an order backlog of $30.2 billion as of that date.

Positive

• CBP contract awards over $370 million with work through May 2029
• Q1 2026 revenue of $2,188.8 million for three months ended March 31, 2026
• Order backlog of $30.2 billion as of March 31, 2026

Negative

• None.

News Market Reaction – ESLT

+1.79%

+1.79% Session close to close

In the Jul 20 session, ESLT gained 1.79%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The platform’s low short-positioning signal adds limited squeeze-related context to this contract aw...

Analysis

The platform’s low short-positioning signal adds limited squeeze-related context to this contract award. Historical contract news included a 7.7% 24-hour gain, while fixed-price execution and government-budget risks remain relevant watch items.

Key Figures

Contract awards: Over $370 million Work completion: May 2029 Revenue: $2,188.8 million +2 more

5 metrics

Contract awards Over $370 million Multiple CBP awards

Work completion May 2029 Contract performance timeline

Revenue $2,188.8 million Three months ending March 31, 2026

Order backlog $30.2 billion As of March 31, 2026

Employees Over 20,000 people Company-wide across dozens of countries

Historical Context

5 past events · Latest: Jul 13 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 13	Earnings date notice	Neutral	-2.2%	Q2 2026 results date and conference call announcement preceded a 2.18% decline.
May 28	Contract award	Positive	+7.7%	International customer awarded a four-year tank upgrade program valued at approximately $350 million.
May 26	Earnings report	Positive	+11.0%	Q1 revenues, backlog, earnings, cash flow and contracts were reported.
May 26	Modernization contract	Positive	+11.0%	European customer awarded approximately $1.4 billion modernization programs over five years.
May 20	Credit rating upgrade	Positive	+0.7%	S&P raised long-term local rating to ilAAA and reaffirmed short-term ilA-1+.

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

Pattern Detected

Positive contract, earnings, and credit-rating announcements were generally followed by gains, while a reporting-date notice preceded a decline.

Key Terms

order backlog, situational awareness, forward-looking statements, fixed-price contracts

4 terms

order backlog financial

"and an order backlog of $30.2 billion as of such 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.

situational awareness technical

"deliver reliable, real–time situational awareness, helping our customers"

Awareness of the real-time business, market and regulatory conditions that could affect an investment; like a driver scanning the road for hazards, it means continuously noting news, price moves, regulatory signals and other forces that change a company’s prospects. Investors rely on situational awareness to react quickly to risks and opportunities, adjust position size, protect capital and seize short‑lived advantages before the environment shifts.

forward-looking statements regulatory

"This press release may contain forward–looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

fixed-price contracts financial

"ability to perform under long-term fixed-price contracts;"

Fixed-price contracts are agreements where a seller or service provider commits to deliver a defined product or service for a set total price, regardless of the actual costs incurred while performing the work. They matter to investors because they create more predictable revenue and clear margin exposure—like agreeing to pay a fixed bill for a meal even if ingredient costs rise—which affects earnings stability, cash flow forecasting, and the company's cost risk.

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

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HAIFA, Israel, July 20, 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, LLC ("Elbit America"), has received multiple awards from U.S. Customs and Border Protection (CBP) totaling over $370 million to enhance U.S. national security, with work to be performed through May 2029.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems: "These new awards demonstrate Elbit Systems of America's continued contribution to enhancing the security and defense capabilities of the United States. Our advanced and operationally proven worldwide technologies are designed to deliver reliable, real–time situational awareness, helping our customers address complex operational challenges."

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 $2,188.8 million in revenues for the three months ending March 31, 2026, and an order backlog of $30.2 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.

 

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SOURCE Elbit Systems Ltd.

FAQ

What did Elbit Systems (ESLT) announce on July 20, 2026 about U.S. Customs and Border Protection contracts?

Elbit Systems announced that Elbit Systems of America received multiple CBP awards totaling over $370 million. According to Elbit Systems, the contracts are aimed at enhancing U.S. national security, with work expected to be carried out through May 2029 using its defense technology solutions.

How much are the Elbit Systems of America contracts with U.S. Customs and Border Protection worth?

The CBP awards to Elbit Systems of America are valued at over $370 million. According to Elbit Systems, these multiple contracts will support delivery of advanced technologies and services to enhance U.S. national security, with performance extending through May 2029.

Over what period will Elbit Systems of America perform the CBP contracts announced in 2026?

Elbit Systems of America is expected to perform the CBP awards through May 2029. According to Elbit Systems, the multi-year performance window supports deployment and sustainment of advanced situational awareness and security solutions for U.S. Customs and Border Protection operations.

What recent revenue did Elbit Systems (ESLT) report alongside the CBP contract announcement?

Elbit Systems reported $2,188.8 million in revenue for the three months ended March 31, 2026. According to Elbit Systems, this quarterly revenue figure illustrates the scale of its operations while it adds over $370 million in new CBP-related awards to its business.

What is Elbit Systems' current order backlog and how does it relate to the new CBP awards?

Elbit Systems reported an order backlog of $30.2 billion as of March 31, 2026. According to Elbit Systems, the over $370 million in new CBP awards further contributes to its long-term contracted work supporting security and defense customers worldwide, including in the United States.

How do the new CBP contracts impact Elbit Systems of America's role in U.S. national security?

The CBP contracts reinforce Elbit Systems of America’s role as a provider of security technologies to U.S. agencies. According to Elbit Systems, its advanced, operationally proven solutions are intended to enhance real-time situational awareness and address complex operational challenges along U.S. borders.