Elbit Systems plans turret deliveries and Jefferies cuts Elbit Systems stock target to USD 790

Published on 10/09/2026 at 12:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MMI starts turret deliveries in March 2027 under a Moroccan defense deal. Elbit Systems stock costs EUR 594.50 on October 9, 2026 versus EUR 593.75.

Key points in brief

Elbit Systems' Moroccan subsidiary plans armored turret deliveries from March 2027 under a defense production agreement.
Jefferies cut its Elbit Systems target from USD 880.00 to USD 790.00 while keeping a Hold rating.
Elbit Systems reported USD 2.29 billion in second-quarter 2026 revenue and USD 4.14 in adjusted earnings per share.
The Lang & Schwarz quote was EUR 594.50 on October 9, 2026, up 0.13 percent versus the prior close.

ESLT, IL0010811243, Illustration mit AI erstellt.

Elbit Systems (ISIN IL0010811243) was trading at EUR 594.50 at Lang & Schwarz on October 9, 2026 at 12:33 p.m. CEST, up 0.13 percent versus the prior close of EUR 593.75. The latest company development combines Moroccan production plans with a lower analyst target: as Arab News reported on October 8, 2026, Elbit subsidiary Moroccan Military Industry plans to begin armored turret deliveries in March 2027, while MarketBeat reported on October 7 that Jefferies cut its target from USD 880.00 to USD 790.00 and kept a Hold rating.

Morocco adds a production angle

The Moroccan project gives Elbit a local manufacturing foothold rather than only an export relationship. MMI has agreed with Morocco's defense administration to produce turrets for 8x8 armored vehicles assembled in Morocco, with related ammunition also planned, according to Arab News.

The same report said MMI has a weapons systems facility near Casablanca and is establishing another plant in Sidi Yahya. It also described an anti-drone version of the turret, with ammunition production planned in Morocco.

Growth is visible in Q2 numbers

Elbit's second-quarter 2026 revenue rose 15.90 percent year over year to USD 2.287 billion from USD 1.973 billion. The August 11, 2026 earnings call transcript published by Yahoo Finance also showed GAAP operating income of USD 218.8 million, or 9.60 percent of revenue, compared with USD 157.8 million, or 8.00 percent, in the second quarter of 2025.

Adjusted diluted earnings per share reached USD 4.14 in the second quarter of 2026, up 28.00 percent from USD 3.23 a year earlier. The backlog stood at USD 32.0 billion on June 30, 2026, and operating cash flow reached USD 237.0 million in the quarter, compared with USD 120.0 million in the second quarter of 2025.

What does the order mean for visibility?

The operating picture combines a 34.00 percent year-over-year backlog increase with 15.90 percent revenue growth in the second quarter of 2026. That difference gives the company more contracted work than its current revenue growth alone suggests, but delivery capacity remains central as Elbit expands production.

Dates for dividend and results

Elbit Systems' next dated shareholder event is the October 13, 2026 ex-dividend date, followed by a USD 1.00 quarterly dividend payable on October 26, 2026, according to Yahoo Finance. The same page lists November 24, 2026 as the earnings date for the next reporting period.

Three recent milestones

On August 11, 2026, Elbit reported USD 2.287 billion in second-quarter revenue and USD 4.14 in adjusted diluted earnings per share, according to Yahoo Finance. On September 1, 2026, Marketscreener reported that the company signed USD 270.0 million of contracts for advanced intelligence, surveillance and reconnaissance and targeting payloads. On October 8, 2026, MMI said it would begin March 2027 turret deliveries for Morocco, according to Arab News.

EUR 594.50 at Lang & Schwarz

Elbit Systems stock was trading at EUR 594.50 at Lang & Schwarz on October 9, 2026 at 12:33 p.m. CEST, up 0.13 percent versus the prior close of EUR 593.75 on October 8, 2026. On Nasdaq, the stock closed at USD 665.09 on October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of Elbit Systems stock.