Elbit Systems Wins $1.4B European Contract, Q1 Revenue Up 15.5%
ESLT•Elbit Systems secured a $1.4 billion five-year European military modernization contract covering autonomous systems, electronic warfare solutions and precision-guided munitions, lifting shares 7.75%. Q1 revenue rose 15.5% to $2.19 billion, EPS grew 42% to $3.34, and order backlog exceeded $30 billion.
1. $1.4B European Contract Win
Elbit Systems secured a $1.4 billion five-year European military modernization contract covering autonomous systems, electronic warfare solutions and precision-guided munitions, expanding its presence across key defense segments.
2. Q1 2026 Results
In Q1 2026, revenue rose 15.5% year-over-year to $2.19 billion and GAAP EPS increased 42% to $3.34, driven by higher volume across multiple segments and expanded operating margins.
3. Record $30B Order Backlog
The company’s confirmed order backlog surpassed $30 billion for the first time, underpinning future revenue visibility and supporting continued investment in research, production capacity and technology development.
