Elbit Systems Ltd. Announces Significant Milestones in the Mid‑November Quarter
Elbit Systems Ltd. (NASDAQ: ESLT) has delivered a series of announcements that collectively underscore the company’s robust performance and expanding footprint in the global defense sector. In a week punctuated by a record‑setting contract, strong earnings, and an expanding backlog, the Israeli‑based industrial firm positioned itself as a key supplier for both domestic and international military programs.
1. Record‑Setting Merkava Tank Upgrade Contract
On November 19, 2025, Elbit Systems secured a $210 million contract from the Israel Ministry of Defense to upgrade the Merkava series of main battle tanks. The award was confirmed in two separate releases:
- SeekingAlpha (09:06 UTC) reported the contract as a pivotal win for the company’s tank‑systems business.
- PRNewswire (08:31 UTC) reiterated the same figure, noting that the contract “has been awarded from the Israel Ministry of Defense in an aggregate amount of approximately $210 million.”
The deal is expected to enhance the armor protection, fire‑control systems, and electronic warfare capabilities of the Merkava fleet, thereby extending the life cycle of Israel’s armored forces.
2. Strong Third‑Quarter 2025 Financial Results
Elbit Systems’ third‑quarter earnings call on November 18, 2025 highlighted several key metrics:
- Revenue rose 12 % year‑over‑year, reaching $1.92 billion.
- Net profit surged 52 % to $2.3 billion, a figure driven by increased sales during the Gaza conflict and heightened global defense spending.
- The order backlog expanded to $25.2 billion, reflecting robust demand for the company’s integrated defense solutions.
These results were echoed across multiple platforms: Investing.com reported the revenue growth and backlog figure, while Marketscreener and KLSescreener provided detailed earnings call transcripts and analyses.
3. Dividend Announcement
In line with its solid cash flow, Elbit Systems declared a $0.75 per share dividend on November 18, 2025. The dividend underscores the company’s commitment to delivering shareholder value while maintaining the resources needed for research, development, and procurement of new defense contracts.
4. Market Position and Strategic Outlook
Elbit’s expansion into tank upgrades and other high‑value defense projects coincides with a broader strategy to deepen its presence in Europe and other key markets. The company’s NASDAQ listing and substantial market capitalization of approximately $23.4 billion position it favorably to capture emerging opportunities in the aerospace and defense arena.
The combination of a sizeable contract portfolio, a growing backlog, and a healthy dividend policy points to a company that is not only thriving on current orders but also building a resilient pipeline for the future.
Key Takeaways
| Item | Detail |
|---|---|
| Merkava Upgrade Contract | $210 million from Israeli Ministry of Defense |
| Q3 2025 Revenue | $1.92 billion (+12 % YoY) |
| Q3 2025 Net Profit | $2.3 billion (+52 % YoY) |
| Order Backlog | $25.2 billion |
| Dividend | $0.75 per share (declared November 18) |
Elbit Systems Ltd. continues to demonstrate its capability to deliver sophisticated defense solutions while maintaining a strong financial footing and rewarding its investors.
