Elbit Systems awarded $1.635 billion European defense contract

Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) announced it received a $1.635 billion contract to deliver defense solutions to an unspecified European country over a five-year period.

The Israeli defense technology company will provide two groups of solutions. The first includes long-range precision strike artillery-rocket systems and unmanned reconnaissance and loitering aerial combat systems ranging from operational to tactical capabilities, including personally operated drones.

The second group encompasses intelligence, surveillance, target acquisition and reconnaissance capabilities, including signals intelligence, communications intelligence and electronic warfare systems. Elbit will also deliver intelligence collection and processing systems, electro-optical and night-vision systems, combat vehicle upgrades, and protective systems.

The contract includes military digitalization and network combat solutions featuring command-and-control applications spanning from strategic army headquarters to individual combat vehicles. The solutions incorporate artificial intelligence technology and are based on what the company describes as cutting-edge technologies from its portfolio.

"This contract reflects the strong demand for Elbit Systems' cutting-edge technologies in Europe and demonstrates our ability to deliver integrated, multi-domain solutions tailored to the needs of modern defense forces," said Bezhalel Machlis, president and CEO of Elbit Systems. The agreement includes industrial cooperation aimed at strengthening the buyer's national industrial capabilities.

Elbit Systems employs approximately 20,000 people across five continents. The company reported $1.9 billion in revenues for the three months ended March 31, 2025, and maintains an order backlog of $23.1 billion as of that date.

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