Israeli defence firm Elbit Systems records huge revenue increase

Published May 27, 2026 Updated May 27, 2026 12:02am

Elbit Systems, Israel’s largest ⁠defence ⁠firm, has reported higher quarterly profit boosted by strong global demand for ⁠military equipment, Al Jazeera reports.

Revenue has grown to a record $2.2 billion from $1.9bn, with a backlog of orders reaching $30.2bn. The increase in the quarter is mainly coming ⁠from Israel and ⁠Asia.

Elbit adds ⁠that it received a $1.4bn contract from an unnamed European customer for “extensive military modernisation programmes” ‌that will be performed over five years.

The Israeli company says it earned $3.87 per diluted share in the first quarter, excluding one-time items, up from $2.57 a year earlier and well above expectations.