Advanced Technology Center, P.O.B. 539, Haifa
3100401, Israel
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F:
Attached hereto as Exhibit 1 and incorporated herein by reference is
the Registrant’s press release dated October 19, 2026.
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Exhibit 1

Elbit
Systems Awarded $235 Million Contract to
Supply
EXTRA-MR Rockets and PULS Launchers to a
European
Country
Haifa,
Israel, October 19, 2026 – Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems” or the “Company”)
announced today that it was awarded a contract valued at approximately $235 million to supply EXTRA-MR (Medium Range) rockets and Precise
& Universal Launching System (PULS™) rocket artillery systems to a European customer, under a government-to-government (G-to-G)
agreement between the Israel Ministry of Defense and the customer country’s Ministry of Defense. The contract will be performed
over a period of three years.
Under
the contract, Elbit Systems will supply the medium-range variant of the Company’s EXTRA supersonic rocket system. The contract
also includes the delivery of PULS launchers, additional rocket-artillery-related platforms, and integrated logistics support.
The
EXTRA-MR (Medium-Range) is a precision-guided rocket munition designed for mid-range operational scenarios, enabling highly accurate
engagement of high-value targets at ranges of up to 80 km. Fully compatible with Elbit Systems’ PULS and existing C4I architectures,
the system provides a flexible and cost-effective capability across a broad range of mission profiles.
Bezhalel
(Butzi) Machlis, President and CEO of Elbit Systems: "This contract award further strengthens Elbit Systems’ position
as a global leader in rocket artillery systems and reflects the growing international demand for our advanced rocket and launcher capabilities.
The PULS systems and precision rocket solutions are recognized among the leading systems in their category and have been selected by
a growing number of customers worldwide, including European and NATO member states. We remain committed to delivering advanced operational
capabilities that support our customers’ evolving defense requirements."
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 21,000 people in dozens of countries across five continents. The Company reported $2,287.1 million in revenues for
the three months ended June 30, 2026 and an order backlog of $32.0 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.