Elbit Wins $1.4B European Military Modernization Deal

Elbit Systems Ltd. announced on May 26, 2026, that it has secured a contract valued at approximately $1.4 billion from a European customer for extensive military modernization programs. The contract is set to be performed over a five-year period and will involve delivering advanced solutions such as uncrewed autonomous systems, networked land electronic warfare, precision-guided munitions, and electro-optical systems, all interconnected by software-defined radios. These solutions aim to enhance the customer's military capabilities. Elbit Systems, a global defense technology company, reported revenues of $7,938.6 million for the year ended December 31, 2025, and had an order backlog of $28.1 billion as of that date. The company emphasizes its ability to provide integrated solutions tailored to evolving operational needs, supported by its strong development capabilities and technological expertise.