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 ContractThe 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) Machlis said. Read Also: War-Fueled Defense Demand Sends Elbit Systems Backlog To $32 Billion ESLT Technical OutlookElbit 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 OutlookElbit’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 forecast 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 ScoresThe 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. Overall, Elbit Systems scores well on growth, quality, and momentum, while valuation remains the main weaker area.ESLT Price Action: Elbit Systems shares were up 0.19% at $756.87 at the time of publication on Monday, according to Benzinga Pro data. Read Also: Stock Market Today: Dow Futures Drop, S&P 500, Nasdaq 100 Rise as Scott Bessent Links September Inflation to 'Energy Shock'— RCAT, ESLT, STLD in Focus Photo by T. Schneider via Shutterstock