Company Overview

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications. The company operates internationally, with significant presence in Israel, North America, Europe, the Asia-Pacific, and Latin America.

Founded in 1966 by Elron, Elbit Systems is an Israel-based international military technology company and defense contractor. It is the primary provider of land-based equipment and unmanned aerial vehicles for the Israeli military. The company is based in Haifa, Israel.

Business Segments and Operations

The company operates through five distinct segments:

- Aerospace: Includes airborne platforms, unmanned aerial solutions, precision guided munition (PGM) sensors, aerostructures, training and simulator systems, flight academy solutions, and commercial aviation systems.

- C4I and Cyber: Covers command, control, communications, computer, intelligence, surveillance and reconnaissance (C4ISR) systems, data links and radio communication systems, cyber intelligence solutions, autonomous solutions, and homeland security products.

- Intelligence, Surveillance, Target Acquisition and Reconnaissance (ISTAR) and Electronic Warfare (EW): Encompasses various electro-optic laser solutions, countermeasure systems, naval systems, electronic warfare systems, and signal intelligence systems.

- Land: Focuses on land-based systems and products for armored and other military vehicles, artillery and mortar systems, munitions for land, air, and sea applications, including PGM, armored vehicle, and other platforms' survivability and protection systems.

- Elbit Systems of America (ESA): A dedicated segment for operations and products within the United States.

Financial Performance

2024 Full Year Results

As of December 31, 2024, Elbit Systems reported revenues of $6.8 billion and an order backlog of $22.6 billion. The company achieved revenues reaching $6.8 billion, marking a 14% increase from 2023.

Key Financial Metrics (2024)

- Revenue: $6.83 billion (an increase of 14.28% compared to $5.97 billion in 2023).

- Earnings: $321.14 million (an increase of 49.28%).

- Free Cash Flow: $320 million.

Quarterly Performance (Q4 2024)

Revenues in the fourth quarter of 2024 were $1,930.2 million, compared to $1,625.8 million in the fourth quarter of the previous year.

Segment Performance Highlights (2024)

- Aerospace: Revenues increased by 9% year-over-year, driven by higher UAS revenues in Israel and Europe, and increased PGM revenues.

- C4I and Cyber: Revenues grew by 11%, primarily due to sales of radio systems and command and control systems.

- ISTAR and EW: Revenues saw a 12% increase, mainly from higher sales of Electronic Warfare and Electro-Optic systems in Israel.

- Land: Revenues surged by 29%, attributed to increased sales of ammunition and munitions in Israel.

- ESA: Elbit Systems of America revenues grew by 8%, driven by increased sales of night-vision systems and medical instrumentation.

Global Presence and Workforce

Elbit Systems employs approximately 20,000 people across dozens of countries on five continents. In a 2025 investor relations presentation, the company confirmed having 20,000 employees globally, with 3,200 based in the United States.

Stock Exchange Listing

Elbit Systems' shares are traded on the Tel Aviv Stock Exchange and the Nasdaq stock exchange under the ticker symbol ESLT.

Recent Market Performance

Elbit Systems Ltd. stock has reached an all-time high, hitting a price of $500.15 USD. The company has experienced significant growth, largely driven by increased global defense spending and heightened demand stemming from geopolitical tensions.

Strategic Focus and Growth Drivers

Following the October 2023 conflict, Elbit Systems secured over $5 billion in contracts from the Israel Ministry of Defense (IMOD). The company continues to see strong demand for its defense products and solutions. Elbit's diversified portfolio and global footprint are well-positioned to capitalize on rising worldwide defense budgets.

The international composition of its order backlog (65% from outside Israel) provides substantial revenue diversification, partially insulating the company from regional disruptions and supporting its sustained growth trajectory.