Overview
- Elbit reported about 16% revenue growth to roughly $2.29–2.30 billion and saw GAAP earnings and margins expand, driven by stronger sales in ISTAR, electronic warfare and land systems.
- The company said its confirmed order backlog reached a record $32 billion, with about 73% from customers outside Israel and roughly 42% scheduled for delivery by the end of 2027.
- Operating cash flow more than doubled to about $237 million and free cash flow rose to $150 million, supporting a planned increase in capital expenditures to around $300 million and a $1.00 per share dividend.
- Elbit announced major contract wins since the prior quarter, including a roughly $350 million tank‑upgrade deal and more than $370 million in U.S. Customs and Border Protection contracts.
- The firm highlighted progress on an airborne high‑power laser system that it says is under development for helicopters and fighters, while warning that Houthi attacks on Red Sea shipping, reserve call‑ups and component shortages could disrupt execution.