Israeli defence firm Elbit Systems' profit, revenue jump

Elbit Systems

26/05/2026 10:10

JERUSALEM, May 26 (Reuters) - Elbit Systems ESLT.TA, Israel's largest defence firm, reported higher quarterly profit boosted by strong global demand for military hardware.

Elbit ESLT.O on Tuesday said it earned $3.87 per diluted share excluding one-time items in the first quarter, up from $2.57 a year earlier and well above expectations, according to LSEG, of $3.28. Revenue grew to a record $2.2 billion from $1.9 billion.

Its backlog of orders reached $30.2 billion, with the increase in the quarter mainly coming from Israel and Asia, while 71% of the total backlog is orders from outside of Israel. About half are expected to be completed by 2027.

Elbit also said it had received a $1.4 billion contract from an unnamed European customer for "extensive military modernisation programmes" that will be performed over five years.

Elbit said it would pay a quarterly dividend of $1.00 per share.

(Reporting by Steven Scheer; EDiting by Kirsten Donovan)

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