Elbit Systems secures USD 235 million deal: Elbit Systems stock is valued at USD 34.8 billion
Published on 10/22/2026 at 11:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSContract and operating scale
- Elbit Systems won a USD 235.00 million European rocket contract on October 19, 2026.
- The second quarter produced USD 2,287.10 million in revenue and a USD 32.00 billion backlog.
- Elbit Systems stock traded at EUR 659.75 at 11:09 a.m. CEST at Lang & Schwarz on October 22, 2026.
Elbit Systems (IL0010811243) secured a USD 235.00 million contract on October 19, 2026, to supply EXTRA-MR rockets and PULS launchers to a European customer. Morningstar reported that the government-to-government contract will run for three years.
Rocket contract adds order visibility
The deal covers medium-range EXTRA-MR precision-guided rockets, PULS launchers, additional rocket-artillery platforms and integrated logistics support. The EXTRA-MR system can engage targets at ranges of up to 80 kilometers, according to the same October 19 release.
Elbit Systems reported USD 2,287.10 million in revenue for the three months ended June 30, 2026, while its order backlog reached USD 32.00 billion. The contract therefore adds to an already large base of future work rather than standing alone as a single order.
Three dated steps shape the story
On October 5, 2026, Jefferies cut its price target from USD 880.00 to USD 790.00 and kept a Hold rating, as Markets Insider reported. On October 16, 2026, Morgan Stanley raised its target from USD 845.00 to USD 850.00 while keeping Equal Weight. On October 19, 2026, Elbit Systems announced the USD 235.00 million European contract.
What does the backlog mean?
The USD 32.00 billion backlog gives the company substantial revenue visibility, but execution remains important because the contract is spread across three years. The latest quarterly revenue of USD 2,287.10 million provides the current scale comparison.
Upcoming dates carry the next tests
Benzinga lists November 17, 2026, as the next estimated earnings date. The next dividend payment is scheduled for October 26, 2026, after the USD 1.00 per share dividend, according to Simply Wall St.
Stock price and valuation context
The latest structured market quote put the Nasdaq-listed stock at USD 742.72 on October 21, 2026, with a USD 34.8 billion market capitalization and a USD 453.00 to USD 1,016.06 52-week range. Elbit Systems was trading at EUR 659.75 at Lang & Schwarz on October 22, 2026 at 11:09 a.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of Elbit Systems stock.
Elbit Systems stock facts
- Company: Elbit Systems Ltd.
- ISIN: IL0010811243
- Ticker: ESLT
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 22, 2026, 11:09 a.m. CEST): EUR 659.75
- Market capitalization: USD 34.8 billion (as of October 21, 2026)
- 52-week range: USD 453.00-1,016.06 (as of October 21, 2026)
- Sector / Industry: Industrials / Aerospace and Defense
- Index membership: TA-35
- Next earnings date: November 17, 2026
Market context: Market report TA-35.
