Elbit Systems (NASDAQ: ESLT) lands $1.4B, five-year European military upgrade
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
$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
Key Terms
order backlog financial
precision-guided munitions technical
software-defined radios technical
electronic warfare (EW) technical
forward-looking statements regulatory
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.