Elbit Systems Ltd. (NASDAQ:ESLT) saw its stock jump 9.5% in Monday’s premarket session after revealing it had landed a major international agreement valued at roughly $2.3 billion.
According to the announcement, the strategic contract will be delivered over an eight-year period, giving the defense technology company a substantial and highly visible revenue pipeline. Elbit did not disclose the client or provide specific program details, citing confidentiality.
Bezhalel Machlis, Elbit Systems’ President and CEO, underscored the importance of the award, saying: “Elbit Systems continues its significant investment in a broad range of advanced systems and solutions that provide our customers with a competitive advantage. This contract provides important recognition of our unique technological capabilities and significantly enhances our efforts to equip our customers with advanced and relevant solutions.”
The multibillion-dollar deal represents a meaningful addition to Elbit’s expanding order book. The Israel-based company supplies a wide range of defense products, including avionics upgrades, UAV platforms, ground combat systems, intelligence suites, and cybersecurity technologies.
The latest contract comes at a time when governments around the world are ramping up defense budgets amid escalating geopolitical tensions, helping boost demand for Elbit’s high-tech military systems.