Elbit Systems awarded $2.3 billion contract as results soar
Elbit Systems provides the laser segment for land-based Iron Beam and is developing an airborne system. (Photo: Rafael)
The company’s order backlog as of 30 September totalled $25.2 billion and more than a third of this is scheduled to be fulfilled before the end of 2026.
Elbit Systems’ revenues in Q3 2025 were US$1.92 billion, up from $1.71 billion in the same period of 2024, with the figures coming in the face of a 3% drop in precision-guided munition (PGM) sales in that period.
In reporting its results, the company noted that it had signed “an international contract for a strategic solution...of approximately $2.3 billion [and] the contract will be performed over a period of eight years”.
Significantly, the company reported a backlog of $25.2 billion as of 30 September, which is a 14% increase on the $22.1 billion reported 12 months earlier.
The fall in PGM sales for the
Our news & analysis is now part of Defence Insight®
A Basic-level or higher Defence Insight subscription is now required to view this content.
You may also like
More from Defence Notes
-
![From systems integrator to multi-domain solutions provider (video)]()
From systems integrator to multi-domain solutions provider (video)
Philipp von Brandenstein, Head of Corporate Communications at Rheinmetall, explains how Eurosatory 2026 marked a new stage in the company's evolution.
-
![US Pentagon pushes for major reform of defence acquisition system]()
US Pentagon pushes for major reform of defence acquisition system
The US Department of Defense has requested new contracting authorities from Congress, using the Army's MV-75 Cheyenne programme to demonstrate how competition, digital engineering and closer industry collaboration could accelerate acquisitions.
-
![US speeds up B61-13 nuclear bomb production as programme moves further ahead of schedule]()
US speeds up B61-13 nuclear bomb production as programme moves further ahead of schedule
The US government plans to accelerate production even further after achieving key B61-13 milestones months ahead of schedule, as the programme advances amid growing US-China strategic competition.
-
![Canada’s C$2 billion ACSV deal reinforces new defence industrial strategy as allies align]()
Canada’s C$2 billion ACSV deal reinforces new defence industrial strategy as allies align
General Dynamics Land Systems-Canada is the country’s first strategic partner under the Defence Industrial Strategy’s Strategic Partnership Framework, an effort to provide companies with confidence to invest and boost the defence labour force.
-
![New UK armed forces minister frames High North defence as vital to “homeland security”]()
New UK armed forces minister frames High North defence as vital to “homeland security”
The UK’s Minister for the Armed Forces Louise Sandher-Jones made her first appearance in the role before the House of Commons Defence Committee this week to highlight efforts to improve capability in the High North.
-
![Canada seeks to strengthen industrial ties with the US on classified programmes]()
Canada seeks to strengthen industrial ties with the US on classified programmes
Ottawa explores expanding defence-industrial cooperation with Washington into sensitive programmes, an approach that could reshape NORAD modernisation, strengthen North American supply chains and create new opportunities for defence contractors.
