Elbit Systems Wins $235 Million European Defense Contract

Elbit Systems Ltd. (NASDAQ: ESLT) shares edged higher on Monday after the company announced a $235 million agreement to supply rocket artillery systems to a European customer. Under the three-year government-to-government contract, Elbit will provide EXTRA-MR rockets and PULS rocket artillery systems, including PULS launchers, additional rocket artillery platforms and integrated logistics support. The agreement involves Israel's Ministry of Defense and the customer's Ministry of Defense.

The precision-guided EXTRA-MR rocket can reach targets up to 80 kilometers away and is compatible with Elbit's PULS launchers and existing C4I architectures. President and CEO Bezhalel (Butzi) Machlis said the award strengthens Elbit Systems' position in rocket artillery and reflects growing international demand for its rocket and launcher capabilities. Elbit Systems develops defense technologies for air, land and naval applications. A related headline cited the company's backlog at $32 billion.

Elbit Systems remained in a mixed technical setup, trading The shares are below their 20-day, 50-day and 100-day moving averages. The RSI is 61.63, indicating neutral momentum, while the MACD remains above its signal line, suggesting some near-term strength. A death cross occurred in September, when the 50-day SMA moved below the 200-day SMA, leaving the broader technical picture cautious. Despite the recent weakness, ESLT has risen 53.97% over the past 12 months and is closer to its 52-week high than its low.

Elbit's next estimated earnings report is scheduled for Nov. 17, 2026. Analysts forecast EPS of $3.87, compared with $3.35 a year earlier, and revenue of $2.21 billion, versus $1.92 billion. Elbit trades at a price-to-earnings ratio of 56.8.

The stock has a Hold consensus rating and an average price forecast of $837.50. Recent analyst actions include Jefferies maintaining a Hold rating and lowering its target to $790 on Oct. 5; JPMorgan maintaining Neutral with an $885 target on Aug. 19; and Jefferies maintaining Hold with an $880 target on June 24.

Elbit Systems' Edge scorecard shows Momentum at 78.6, rated Bullish, indicating relatively strong recent price performance. Quality is 86.12, also rated Bullish. Growth was rated 85.71, a bullish score indicating stronger growth characteristics than the broader market. Value scored 24.01, a weak rating that suggests the shares trade at a relatively expensive valuation.

Elbit Systems scored well on growth, quality and momentum, while valuation was its main weaker area. Elbit Systems shares were up 0.19% at $756.87 at the time of publication on Monday, according to Pro data. Read also: Stock Market Today: Dow Futures Drop, S&P 500 and Nasdaq 100 Rise as Scott Bessent Links September Inflation to 'Energy Shock'—RCAT, ESLT, STLD in Focus. Photo by T.

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