Description
Elbit Systems’ $1.4 Billion European Win — A Pivotal Defense Expansion!
Elbit Systems Ltd. reported solid financial performance in the second quarter of 2026, marked by double-digit growth in revenues, backlog, operating profit, and earnings per share. Revenue increased by 15.9% year-over-year to $2.29 billion, with strong contributions from Europe (25%), North America (20%), Asia-Pacific (14%), and Israel (37%). The diverse geographical revenue mix reflects demand across multiple regions, notably backed by inventory replenishment in Israel following regional conflicts. The company’s backlog expanded to a record $32 billion, driven predominantly by international orders, especially from Europe, with approximately 70% of the backlog attributed to outside Israel. Nearly 42% of the backlog is expected to convert to revenue by the end of 2027, providing visibility into future growth. Segment-wise, Elbit Systems Ltd. saw increases in C4I and Cyber (up 11%), ISTAR and Electronic Warfare (up 22%), and Land systems (up 32%), reflecting growing demand for advanced communication, electronic warfare, and ammunition systems.
