$ESLT

Elbit Systems (ESLT) secured a $270M contract for advanced ISR and targeting payloads, adding to its $32B backlog. Q2 revenue rose to $2.29B, with 73% of backlog from international clients. CEO Bezhalel Machlis highlights global demand, but risks include conflict dependency and execution challenges.

Elbit Systems secured $270M contracts to supply advanced surveillance, intelligence, and targeting systems over six years. The deal includes SPECTRO and AMPS NG systems for air, sea, and ground operations, featuring AI-powered analytics and advanced sensors. The CEO highlighted the technologies' role in enhancing situational awareness and mission effectiveness.

Israel received the final of six German-made submarines, part of a long-standing deal. Elbit Systems is collaborating with TKMS for future submarine components. The submarines are reported to have nuclear capabilities and are involved in operations against regional threats. The deal is part of Israel's naval modernization efforts and strengthens Israel-Germany defense ties.

Israel received its sixth submarine from Germany, part of a long-standing deal. Elbit Systems is collaborating with TKMS to produce submarine components. The submarines have offensive and defensive capabilities, reportedly including nuclear deterrence. Israel's Defense Ministry and IDF officials attended the send-off ceremony. The submarines have been used in operations against Iran, Yemen, and Syria.

Elbit Systems secured a $270 million contract to supply electro-optical ISR and targeting systems to an international customer over six years. The systems, part of the SPECTRO family, feature multi-spectral imaging and AI analytics for various platforms. The contract includes airborne ISR and targeting systems with advanced sensors and image-processing technologies.

The Tel Aviv Stock Exchange rose after the Bank of Israel cut interest rates to 3.25%. The Tel Aviv 35 Index gained 0.22%, while Dimri led gains with a 5.47% rise. OPC Energy fell 4.67%, the biggest decline. Key movers included Elbit Systems, Teva, and Ormat, which rose, and Camtek and Tower Semiconductor, which fell.

Estonia is considering Israel's David Sling missile defense system, among others, for a €1 billion investment in long-range air defense. The decision is expected within two months, with delivery times varying by system. The system will complement Germany's IRIS-T systems already in use.

Finland and Israel extended their defense cooperation agreement for 10 years, including R&D, procurement, and joint projects. The deal, approved by Finland's defense minister, was criticized due to the Gaza war. Key purchases include David’s Sling, Spike missiles, and Gabriel missiles, totaling hundreds of millions annually. The agreement was signed during a visit by Finland's defense forces commander.

Israeli companies invested $3.2B in Texas in 2024, creating 4,200 jobs, with key sectors including AI, cyber, and defense. Texas doubled its investment in Israel bonds to $280M. Top investors include Nofar, Wiz, and Elbit Systems. Texas plans a trade office in Jerusalem, pending contractor selection.

Israeli defense company Elbit reports a $32 billion order backlog, equivalent to 4.4% of Israel's GDP. The backlog is driven by demand for defense technologies amid global conflicts. Elbit plans to expand production and hire 2,000 more employees. Additionally, Israeli tech startups have seen significant foreign investments, including acquisitions by Tencent, Cisco, and Instacart. Israel's economy is projected to grow 4.4% to 5.6% in 2027, with stable inflation and a narrowing fiscal deficit.