Story
Elbit Systems Shares Climb After Securing Over $370 Million in U.S. Border Contracts
Shares of Elbit Systems Ltd. (NASDAQ: ESLT) gained on Monday after the company disclosed that its U.S. subsidiary secured contracts valued at over $370 million from U.S. Customs and Border Protection. The announcement pushed the defense technology firm's stock up by 2.5% during the trading session.
Contract Details
According to a company statement, Elbit Systems of America was awarded multiple contracts aimed at enhancing U.S. national security. The work is scheduled to be performed through May 2029 and will support the operations of U.S. Customs and Border Protection.
Bezhalel Machlis, President and CEO of Elbit Systems, stated that the awards demonstrate the U.S. subsidiary's "continued contribution to enhancing the security and defense capabilities of the United States." He added that the company's technologies are designed to provide "reliable, real-time situational awareness."
AdFinancial Context
The new contracts add to Elbit's already substantial order book. The Israeli-based parent company reported an order backlog of $30.2 billion as of March 31, 2026, providing long-term revenue visibility for investors.
For the first quarter ending on that same date, Elbit Systems posted revenues of $2.19 billion. The latest awards represent a notable addition to the company's future revenue stream and underscore its position as a key supplier for U.S. government agencies.
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