This large contract win adds meaningful backlog visibility and validates Elbit's competitive positioning in European defense modernization. Monitor for potential follow-on orders from the same customer and any impact on FY2026 revenue guidance. The five-year performance period provides multi-year revenue visibility.
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Executive Summary
Elbit Systems announced a $1.4 billion contract from a European customer for extensive military modernization programs, to be performed over five years. This is a material order addition representing ~17.6% of FY2025 revenue and further builds on the company's $28.1 billion backlog, reinforcing its position in European defense modernization.
Key Facts
- Contract valued at approximately $1.4 billion
- Contract from a European customer for extensive military modernization programs
- Contract will be performed over a period of five years
- Solutions include uncrewed autonomous systems, electronic warfare, precision-guided munitions, electro-optical systems, and software-defined radios
- Elbit reported $7,938.6 million in revenues for FY2025 and an order backlog of $28.1 billion as of December 31, 2025
- The $1.4B contract represents approximately 17.6% of FY2025 annual revenue
Financial Impact
$1.4 billion contract over five years, representing ~17.6% of FY2025 revenue of $7,938.6 million
Risk Factors
- Execution risk on a large, complex multi-year modernization program
- Potential for geopolitical or budgetary shifts in the European customer country
- Fixed-price contract terms could pressure margins if costs overrun
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001178913-26-002878 |
| Document: zk2635407.htm | 0001178913-26-002878 |
| Document: 0001178913-26-002878-index-headers.html | 0001178913-26-002878 |
| Document: 0001178913-26-002878-index.html | 0001178913-26-002878 |
| Document: 0001178913-26-002878.txt | 0001178913-26-002878 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 11, 2026 7w ago | 6-K | $776.08 $714.40 | ▼ −7.95% | ▼ −6.89% | $696.23 (−10.29%) |
Aug 11, 2026 7w ago | Press Release | $776.08 $714.40 | ▼ −7.95% | ▼ −6.89% | $696.23 (−10.29%) |
Aug 6, 2026 8w ago | Press Release | $857.00 $701.22 | ▼ −18.18% | ▼ −18.78% | $696.23 (−18.76%) |
Jul 20, 2026 10w ago | 6-K | $754.85 $782.84 | ▲ +3.71% | ▼ −0.41% | $696.23 (−7.77%) |
Jul 20, 2026 10w ago | Press Release | $754.85 $782.84 | ▲ +3.71% | ▼ −0.41% | $696.23 (−7.77%) |
Jul 13, 2026 11w ago | 6-K | $735.40 $846.04 | ▲ +15.04% | ▲ +11.86% | $696.23 (−5.33%) |
Jul 13, 2026 11w ago | Press Release | $735.40 $846.04 | ▲ +15.04% | ▲ +11.86% | $696.23 (−5.33%) |
Jul 1, 2026 13w ago | 6-K | $759.98 $769.10 | ▲ +1.20% | ▲ +3.39% | $696.23 (−8.39%) |
May 28, 2026 18w ago | 6-K | $892.63 $715.72 | ▼ −19.82% | ▼ −16.67% | $696.23 (−22.00%) |
May 27, 2026 18w ago | GOVT-CONTRACT | $828.81 $732.71 | ▼ −11.59% | ▼ −9.69% | $696.23 (−16.00%) |
US Market Status
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