Elbit Systems wins roughly $200 million Asia‑Pacific airborne ISTAR and training contracts
Elbit Systems announced contracts worth about $200 million with an undisclosed Asia‑Pacific country for airborne intelligence, surveillance, target acquisition and reconnaissance (ISTAR) solutions, live‑training systems and advanced head‑up displays. The deals will be executed over a period of up to five years and include the SPECTRO 12 multispectral ISR payload. The company said the contracts add to its existing order backlog of $32.0 billion.
Why it matters
The contracts increase Elbit's backlog and should generate revenue over the next five years, supporting its growth outlook (the company reported a $2.287 billion Q2 2026 revenue). Shares rose 2.4% in pre‑market trading after the announcement.
Key facts
- 1Elbit Systems secured contracts valued at approximately $200 million. rttnews.com
- 2The contracts will be performed over a period of up to five years. prnewswire.com
- 3The agreements include supply of the SPECTRO 12 multispectral ISR and targeting payload. stocktitan.net
- 4The deals also cover airborne live‑training system support and upgrades, and advanced HUD systems. finance.yahoo.com
- 5Elbit reported revenue of $2,287.1 million for the three months ended 30 June 2026. prnewswire.com
- 6The company's order backlog stood at $32.0 billion as of 30 June 2026. finance.yahoo.com
Summary written by AlphAI AI Desk from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.