Elbit Systems wins $1.4B European defense deal

Elbit Systems Ltd. reported a major business win, securing a contract valued at approximately $1.4 billion from a European customer for extensive military modernization programs.

Rhea-AI Filing Summary

Elbit Systems Ltd. reported a major business win, securing a contract valued at approximately $1.4 billion from a European customer for extensive military modernization programs. The contract is scheduled to be performed over five years.

The programs will upgrade maneuverability and survivability across the battle domain using uncrewed autonomous solutions, advanced networked land electronic warfare, precision-guided munitions, and electro-optical designating and reconnaissance systems, all connected by software-defined radios. Elbit highlights this award as evidence of the breadth of its defense portfolio and its role as a long‑term modernization partner. The company also notes it generated $7,938.6 million in revenue and held an order backlog of $28.1 billion for the year ended December 31, 2025.

Positive

• Secures ~$1.4 billion European modernization contract, a sizable multi-year award that adds materially to Elbit Systems’ already large order book.
• Five-year performance period enhances revenue visibility by spreading program execution and potential cash flows over a defined multi-year horizon.
• Reinforces positioning in advanced, networked defense solutions, spanning uncrewed systems, electronic warfare, precision-guided munitions and software-defined radios.

Negative

• None.

Insights

Defense sector equity analyst

$1.4B, five-year European contract materially strengthens Elbit’s backlog.

Elbit Systems secured a contract of about $1.4 billion for multi-domain military modernization with a European customer, to be executed over five years. This is a sizable addition relative to reported revenues of $7,938.6 million for the year ended December 31, 2025.

The deal spans uncrewed systems, land electronic warfare, precision-guided munitions, electro-optical systems and software-defined radios, reinforcing Elbit’s positioning in integrated, networked battlefield solutions. Management presents this as validation of its broad portfolio and long-term modernization capabilities.

The company also cites an order backlog of $28.1 billion as of December 31, 2025, so this contract represents a meaningful incremental win rather than a one-off anomaly. Future disclosures in periodic reports can show how conversion of this contract into revenue progresses over the five-year term.

Key Figures

Contract value: $1.4 billion Contract duration: 5 years Annual revenue: $7,938.6 million +2 more

5 metrics

Contract value $1.4 billion European military modernization programs over five years

Contract duration 5 years Performance period for new European modernization contract

Annual revenue $7,938.6 million Revenue for year ended December 31, 2025

Order backlog $28.1 billion Backlog as of December 31, 2025

Employees over 20,000 Global workforce across dozens of countries

Key Terms

order backlog, precision-guided munitions, software-defined radios, electronic warfare (EW), +1 more

5 terms

order backlog financial

"The Company reported $7,938.6 million in revenues... and an order backlog of $28.1 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.

precision-guided munitions technical

"state-of-the-art solutions to be delivered include... precision-guided munitions (artillery and air-to-ground)..."

Weapons that use onboard sensors, satellites or guidance systems to home in on a specific target and reduce stray damage, much like a GPS-guided driver steering to a precise address instead of relying on a rough map. Investors watch them because demand, export rules, production bottlenecks and government procurement decisions can sharply affect defense-company revenues, supply chains and political risk, making them a key factor in valuing military suppliers.

software-defined radios technical

"all networked by software-defined radios (SDR)."

A radio system that uses software running on processors or programmable chips to perform functions traditionally done by fixed hardware parts (like filters, modulators and mixers). Think of it like replacing a shelf of single-purpose appliances with a smartphone app that can mimic them: the same device can be reconfigured to work with different frequencies, protocols or features through software updates. For investors, that flexibility affects product development speed, upgrade cycles, manufacturing scale and the ability to serve multiple markets with one platform.

electronic warfare (EW) technical

"advanced networked land electronic warfare (EW)..."

Electronic warfare is the use of the electromagnetic spectrum—radio waves, radar, GPS signals and similar emissions—to detect, confuse, block or protect electronic systems such as communications, navigation and sensors. Think of it as deliberately creating static, fake signals or protective filters for a radio or GPS device to hide movements or deny an opponent’s view. Investors watch it because governments and companies buy these capabilities as part of defense, security and critical-infrastructure spending, which can drive revenue, contracts and technology risk for suppliers and customers.

forward-looking statements regulatory

"This press release may contain forward-looking statements... regarding Elbit Systems Ltd."

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.

FAQ

What major contract did Elbit Systems (ESLT) announce in this 6-K?

Elbit Systems announced a contract valued at approximately $1.4 billion with a European customer for extensive military modernization programs. The contract covers multi-domain upgrades, including uncrewed systems, electronic warfare and precision-guided munitions, and will be executed over a five-year period.

Over what period will Elbit Systems’ new $1.4 billion contract be performed?

The $1.4 billion military modernization contract will be performed over five years. This multi-year schedule supports steadier program execution and provides clearer visibility on future revenue contribution as the various uncrewed, electronic warfare and precision-guided munitions capabilities are delivered.

What technologies are included in Elbit Systems’ new European modernization programs?

The programs include uncrewed autonomous solutions, advanced networked land electronic warfare, precision-guided munitions for artillery and air-to-ground missions, and electro-optical designating and reconnaissance systems. All are networked by software-defined radios to enhance battlefield connectivity and operational effectiveness.

How large are Elbit Systems’ revenues and backlog mentioned in the release?

Elbit Systems reported revenues of $7,938.6 million for the year ended December 31, 2025 and an order backlog of $28.1 billion as of that date. These figures indicate a substantial existing business base alongside the newly announced $1.4 billion contract.

How does Elbit Systems describe the strategic significance of this $1.4 billion contract?

Elbit Systems’ CEO states the contract reflects the breadth and attractiveness of its defense portfolio and its ability to deliver integrated, best-in-class systems. He highlights the company’s global experience and strong in-house development capabilities as drivers of growing demand for long-term modernization programs.

What is the stated purpose of the modernization programs in Elbit Systems’ new contract?

The modernization programs aim to improve maneuverability and survivability across the battle domain and enhance the nation’s operational effectiveness toward becoming an advanced, modern army. Integrated uncrewed, electronic warfare, precision-guided and electro-optical solutions are central to achieving this objective.

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

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Accepted by SEC EDGAR 05/26/2026 - 06:01 AM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549

____________________

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

For the Month of May 2026

_______________________

Commission File Number 000-28998

ELBIT SYSTEMS LTD.

(Translation of Registrant’s Name into English)

Advanced Technology Center, P.O.B. 539, Haifa 3100401, Israel

(Address of Principal Corporate Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒ Form 40-F ☐

Attached hereto as Exhibit 1 and incorporated herein by reference is the Registrant’s press release dated May 26, 2026.

SIGNATURE

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.

	ELBIT SYSTEMS LTD. (Registrant)
	By:	/s/ Pinchas Confino Adi
	Name:	Pinchas Confino Adi
	Title:	Corporate Secretary

Date: May 26, 2026

EXHIBIT INDEX

Exhibit No.	Description
1	Press Release dated	May 26, 2026

Exhibit 1

 

Elbit Systems Awarded Approximately $1.4 Billion

Contract for Extensive Military Modernization

Programs for a European Customer

Haifa, Israel, May 26, 2026 – Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems” or the “Company”) announced today that it has been awarded a contract valued at approximately $1.4 billion by a European customer for extensive military modernization programs. The contract will be performed over a period of five years.

The modernized programs will provide improved maneuverability and survivability, spanning the entire battle domain. The state-of-the-art solutions to be delivered include a variety of uncrewed autonomous solutions, advanced networked land electronic warfare (EW), precision-guided munitions (artillery and air-to-ground), coupled with electro-optical designating and reconnaissance systems, all networked by software-defined radios (SDR). These solutions will improve the nation's operational effectiveness towards becoming an advanced and modern army.

Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems: "This contract reflects the breadth and attractiveness of Elbit Systems’ defense portfolio, as well as our ability to deliver both highly capable, best-in-class systems and comprehensive, integrated solutions tailored to evolving operational needs. Our proven experience working with numerous armed forces worldwide, together with our strong in-house development capabilities and leading-edge technological expertise, continue to drive growing demand for our solutions and position us as a trusted partner for long-term military modernization programs."

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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