Direct answer: Here are the latest notable developments on Elbit Systems.
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Contract momentum in 2025–2026: Elbit Systems has announced several new defense contracts, including a $210 million Israeli MoD program to upgrade Merkava tanks, with work planned over six years, signaling sustained demand for its electronic and electro-optical upgrades. Separately, a February 2026 report highlighted a $435 million bundle of U.S. defense contracts for advanced systems, reinforcing a trend of multi-year backlog-driven growth. These reports together illustrate ongoing order flow across domestic and international programs.[1][2]
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Backlog and financial backdrop: Elbit’s backlog remained robust at roughly $25.2 billion at the end of 2025, underpinning the company’s ability to secure follow-on awards across land, air, and electro-optical systems. This backdrop often accompanies steady revenue contributions from long-duration programs.[2]
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Areas of focus: Recent activity points to upgrades of armored and aerial platforms, including advanced protection systems and sensor/electro-optical suites, as well as potential involvement in helmet displays and next-gen target recognition capabilities through joint ventures and internal R&D initiatives.[3][8]
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Market and press coverage: Coverage spans industry outlets and press releases, with company statements emphasizing leadership in high-precision, reliable defense solutions and long-standing MOI/foreign military sales relationships.[4][7]
Illustrative example: A March 2025/February 2026 wave of contract announcements demonstrates Elbit’s strategy of securing multi-year orders for both domestic Israeli programs and international platforms (e.g., U.S. Army/Bradley systems), contributing to a diversified, multi-year revenue base.[1][2]
If you’d like, I can narrow to: 1) only Israeli MoD contracts and their upgrade scope, 2) U.S. defense awards and specific systems involved, or 3) how Elbit’s backlog translates into potential future revenue. I can also pull the exact contract details in a concise timeline.
Citations:
- Elbit’s $210M Israeli MoD tank upgrade contracts and six-year timeline.[1]
- $435M in fresh U.S. defense contracts and related backlog data as of 2025–2026.[2]
- Background on focus areas (electro-optical upgrades, helmet displays, etc.).[3]
- Company press and analysis coverage.[8][4]
Sources
By Tony Osborne Sep 07, 2023 The Collins Elbit Vision Systems joint venture has unveiled the Zero-G helmet-mounted display system. Aircraft & Propulsion Elbit Lands ATR 72 Modification Deal With Unspecified Asian Customer By Chen Chuanren Jul 10, 2023 Israeli company Elbit Systems says the contract—with an unnamed Asia-Pacific customer for modification of two ATR 72s—spans a five-year period. … Sensors & Electronic Warfare U.S. Navy To Upgrade Helmet Displays For F/A-18E/Fs and EA-18Gs By...
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www.prnewswire.comThe latest news and top stories on Elbit Systems. A leading entity in the the Aerospace & Defence sector, the Israeli-based Elbit Systems specialises in advanced technology solutions for defence, homeland security and commercial applications. Headquartered in Haifa, the company provides unmanned aircraft systems, electro-optical systems, avionics and munitions to governments and military forces globally, including the Royal Air Force. Recognised as Israel’s largest weapons manufacturer and a...
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finviz.comThe agreements center on extensive improvements to the Merkava Main Battle Tank fleet and will be carried out over several years.
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