Elbit Systems announced a $235 million contract to supply rocket artillery systems to a European customer. Elbit Systems 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. The EXTRA-MR rocket works with Elbit's PULS launchers and existing C4I architectures. Elbit Systems develops defense technologies for air, land and naval applications. President and CEO Bezhalel (Butzi) Machlis said the award strengthens Elbit Systems' position as a global leader in rocket artillery systems. Machlis said the award reflects growing international demand for Elbit Systems' advanced rocket and launcher capabilities.
Benzinga Pro data showed Elbit Systems shares up 0.19% at $756.87 on Monday at the time of publication. Elbit Systems remains in a mixed technical setup, trading below the stock's 20-day, 50-day and 100-day moving averages. The relative strength index stands at 61.63, signaling neutral momentum. The moving average convergence divergence indicator remains above the signal line, indicating some short-term strength. A death cross formed in September when the 50-day simple moving average fell below the 200-day simple moving average, keeping the broader technical outlook cautious. Despite recent weakness, Elbit Systems shares have gained 53.97% over the past 12 months. Elbit Systems shares remain closer to the stock's 52-week high than the stock's 52-week low.
Elbit Systems' next earnings report is estimated for November 17, 2026. Analysts expect earnings per share of $3.87, up from $3.35 a year earlier. Analysts expect revenue of $2.21 billion, compared with $1.92 billion a year earlier. Elbit Systems trades at a price-to-earnings ratio of 56.8. Elbit Systems carries a Hold consensus rating with an average price forecast of $837.50.
Jefferies maintained a Hold rating while lowering the price target to $790 on October 5. JPMorgan maintained a Neutral rating with an $885 price target on August 19. Jefferies maintained a Hold rating with an $880 price target on June 24.
The Benzinga Edge scorecard gives Elbit Systems a bullish momentum score of 78.6, indicating relatively strong recent price performance. The scorecard gives Elbit Systems a bullish quality score of 86.12, indicating strong underlying business fundamentals. The scorecard gives Elbit Systems a bullish growth score of 85.71, reflecting strong growth characteristics relative to the broader market. The scorecard gives Elbit Systems a weak value score of 24.01, suggesting a relatively expensive valuation. Valuation remains the main weaker area, while Elbit Systems scores well on growth, quality and momentum.
Elbit Systems Secures $235M European Defense Contract for Rocket Artillery Systems
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Summary
Elbit Systems (NASDAQ:ESLT) landed a $235 million government-to-government contract to deliver rocket artillery systems to a European defense ministry. The three-year deal covers EXTRA-MR rockets, PULS systems, launchers, and logistics support. On-chain news platforms are tracking the transaction as part of broader government crypto regulation discussions. The agreement involves Israel’s Ministry of Defense and the European customer’s defense ministry.
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