Israel's Elbit Systems profit jumps on Gaza war, more European spending

Elbit Systems

18/11/2025 11:16

JERUSALEM, Nov 18 (Reuters) - Israel's largest defence firm Elbit Systems ESLT.TA reported sharply higher third-quarter profit on Tuesday, fuelled by sales to Israel's military during its war against Palestinian militant group Hamas in Gaza and by higher global defence spending.

Elbit ESLT.O said it earned $3.35 per diluted share excluding one-time items in the July to September quarter, up from $2.21 a year earlier.

Revenue rose to $1.92 billion from $1.72 billion.

"These results reflect the significant contracts the company has secured across Europe and from customers worldwide, who continue to choose Elbit Systems' advanced systems amid the ongoing global conflicts and increasing defence budgets," said CEO Bezhalel Machlis.

The results were boosted by a 14% increase in revenue from its command, control, communications, computers, and intelligence and cyber systems.

More than 33% of Elbit's revenue came from Israel, where the country fought Hamas from October 7, 2023 until a ceasefire deal last month. The company supplied munitions, drones, guided rocket systems, reconnaissance capabilities and other systems.

Sales to Europe, which is in the process of boosting defence spending, rose to $536 million from $430 million a year earlier, comprising 28% of revenue.

On the heels of more European contracts, Elbit's backlog of orders reached $25.2 billion. Some 69% of the backlog is from outside Israel, while 38% of the orders are scheduled to be fulfilled during the rest of 2025 and in 2026.

Elbit said it would pay a quarterly dividend of 75 cents a share.

 (Reporting by Steven Scheer. Editing by Mark Potter)

 ((steven.scheer@thomsonreuters.com; +972 2 632 2210; Reuters Messaging: X: @StevenMScheer))