Elbit Systems Secures $235 Million European Defense Deal

Elbit Systems Ltd. (NASDAQ: ESLT ) stock edged higher on Monday. The company announced a $235 million contract to supply rocket artillery systems to a European customer.

Elbit Systems develops defense technologies across air, land, and naval applications.

Elbit Wins $235 Million European Defense Contract

The company will supply EXTRA-MR rockets and PULS rocket artillery systems under a government-to-government agreement involving Israel's Ministry of Defense and the customer's Ministry of Defense.

The three-year contract also includes PULS launchers, additional rocket artillery platforms, and integrated logistics support.

The EXTRA-MR precision-guided rocket can strike targets up to 80 kilometers away and works with Elbit's PULS launchers and existing C4I architectures.

"This contract award further strengthens Elbit Systems' position as a global leader in rocket artillery systems and reflects the growing international demand for our advanced rocket and launcher capabilities," President and CEO Bezhalel (Butzi) Machlissaid.

Read Also: War-Fueled Defense Demand Sends Elbit Systems Backlog To $32 Billion

ESLT Technical Outlook

Elbit Systems remains in a mixed technical setup, trading below its 20-day, 50-day, and 100-day moving averages.

The RSI stands at 61.63, signaling neutral momentum, while the MACD remains above its signal line, pointing to some short-term strength.

A death cross formed in September when the 50-day SMA fell below the 200-day SMA, keeping the broader technical picture cautious.

Despite the recent weakness, ESLT has gained 53.97% over the past 12 months and remains closer to its 52-week high than its low.

ESLT Earnings And Analyst Outlook

Elbit's next estimated earnings report is scheduled for Nov. 17, 2026.

Analysts expect EPS of $3.87, up from $3.35 a year earlier, on revenue of $2.21 billion versus $1.92 billion.

Elbit trades at a price-to-earnings ratio of 56.8.

The stock carries a Hold consensus rating with an average price forecas t of $837.50.

Recent analyst actions include Jefferies maintaining a Hold rating while lowering its target to $790 on Oct. 5, JPMorgan maintaining Neutral with an $885 target on Aug. 19, and Jefferies maintaining Hold with an $880 target on June 24.

Elbit Systems Benzinga Edge Scores

The Benzinga Edge scorecard shows:

• Momentum:78.6 — Bullish, indicating relatively strong recent price performance.

• Quality:86.12 — Bullish, pointing to strong underlying business fundamentals.

• Growth:85.71 — Bullish, reflecting strong growth characteristics versus the broader market.

• Value:24.01 — Weak, suggesting the stock trades at a relatively expensive valuation.