Elbit Systems Reports $30 Billion Order Backlog After Signing $1.4 Billion European Contract

Elbit Systems reported an order backlog of $30 billion in its quarterly results released last week. The figure includes contracts across land, sea, and air systems, with 71 percent of the backlog attributable to customers outside Israel. About 49 percent of the total is scheduled for performance during the remainder of 2026 and in 2027.

President and CEO Bezhalel Machlis said the company’s positioning reflects its evolution into a fully integrated end-to-end defense provider. He added that demand is rising well above historical levels and that the firm is scaling production capacity while increasing the use of robotics and AI in automation.

Machlis also stated that the company’s experience with armed forces worldwide, combined with its in-house development capabilities, continues to drive demand for long-term military modernization programs.

4 billion contract with an unnamed European customer for extensive military modernization programs to be carried out over five years. The package includes uncrewed autonomous solutions, advanced networked land electronic warfare systems, precision-guided munitions for artillery and air-to-ground use, electro-optical designating and reconnaissance systems, and software-defined radios.

The company said the systems will enable the customer to field an advanced and modern army.

Elbit Systems has also disclosed other recent contracts. 63 billion deal with an unnamed European customer that Israeli media later identified as Serbia. On April 6 the company signed a $750 million agreement, routed through Israel’s Ministry of Defense, to supply Greece’s Ministry of National Defense with its Precise and Universal Launching System artillery rockets.

In late April it opened a new facility in Chitila, Romania, focused on unmanned aerial systems, which the company described as a milestone in its expansion across Europe. Additional activity includes the acquisition of Blue White Robotics through its subsidiary Fuse and a $350 million contract for upgrades on main battle tanks for an unnamed customer.

Elbit Systems’ revenues derive from a mix of sectors that includes C4I, cyber, ISTAR, electronic warfare, ammunition, unmanned aerial systems, and lasers.

Elbit Systems is one of Israel’s three major defense companies and the only one that is publicly traded. The other two, Israel Aerospace Industries and Rafael Advanced Defense Systems, are state-owned.