Elbit Systems Ltd. (NASDAQ:ESLT) stock edged higher on Monday. The company announced a $235 million contract to supply rocket artillery systems to a European customer.
Elbit Systems develops defense technologies across air, land, and naval applications.
Elbit Wins $235 Million European Defense Contract
The company will supply EXTRA-MR rockets and PULS rocket artillery systems under a government-to-government agreement involving Israel’s Ministry of Defense and the customer’s Ministry of Defense.
The three-year contract also includes PULS launchers, additional rocket artillery platforms, and integrated logistics support.
The EXTRA-MR precision-guided rocket can strike targets up to 80 kilometers away and works with Elbit’s PULS launchers and existing C4I architectures.
“This contract award further strengthens Elbit Systems’ position as a global leader in rocket artillery systems and reflects the growing international demand for our advanced rocket and launcher capabilities,” President and CEO Bezhalel (Butzi) Machlis said.
ESLT Technical Outlook
Elbit Systems remains in a mixed technical setup, trading below its 20-day, 50-day, and 100-day moving averages.
The RSI stands at 61.63, signaling neutral momentum, while the MACD remains above its signal line, pointing to some short-term strength.
A death cross formed in September when the 50-day SMA fell below the 200-day SMA, keeping the broader technical picture cautious.
Despite the recent weakness, ESLT has gained 53.97% over the past 12 months and remains closer to its 52-week high than its low.
ESLT Earnings And Analyst Outlook
Elbit’s next estimated earnings report is scheduled for Nov. 17, 2026.
Analysts expect EPS of $3.87, up from $3.35 a year earlier, on revenue of $2.21 billion versus $1.92 billion.
Elbit trades at a price-to-earnings ratio of 56.8.
The stock carries a Hold consensus rating with an average price forecast of $837.50.
Recent analyst actions include Jefferies maintaining a Hold rating while lowering its target to $790 on Oct. 5, JPMorgan maintaining Neutral with an $885 target on Aug. 19, and Jefferies maintaining Hold with an $880 target on June 24.
Elbit Systems Benzinga Edge Scores
The Benzinga Edge scorecard shows:
- Momentum: 78.6 — Bullish, indicating relatively strong recent price performance.
- Quality: 86.12 — Bullish, pointing to strong underlying business fundamentals.
- Growth: 85.71 — Bullish, reflecting strong growth characteristics versus the broader market.
- Value: 24.01 — Weak, suggesting the stock trades at a relatively expensive valuation.
Overall, Elbit Systems scores well on growth, quality, and momentum, while valuation remains the main weaker area.
ESLT Price Action: Elbit Systems shares were up 0.19% at $756.87 at the time of publication on Monday, according to Benzinga Pro data.
Photo by T. Schneider via Shutterstock
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