Elbit Systems wins USD 235 million deal as stock trades at EUR 674.75

Published on 10/20/2026 at 09:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Elbit Systems won a USD 235.0 million European rocket contract on October 19, 2026. Elbit Systems stock trades at EUR 674.75.

Contract and earnings context

Elbit Systems secured a USD 235.0 million European contract on October 19, 2026.
Second-quarter 2026 revenue reached USD 2,287.1 million and backlog stood at USD 32.0 billion.
Elbit Systems stock trades at EUR 674.75 at 9:18 a.m. CEST at Lang & Schwarz on October 20, 2026.
Morgan Stanley raised its target from USD 845.00 to USD 850.00 on October 16, 2026.

ESLT, IL0010811243, Illustration mit AI erstellt.

Elbit Systems (ISIN IL0010811243) won a USD 235.0 million contract for EXTRA-MR rockets and PULS rocket artillery systems on October 19, 2026. The three-year award covers a European customer and includes launchers, related platforms and integrated logistics support, according to StockTitan.

European order adds scale

The contract strengthens Elbit Systems' rocket-artillery portfolio, but its financial weight needs to be measured against the existing order book. The company reported an order backlog of USD 32.0 billion as of June 30, 2026, making the new award equal to 0.73 percent of that backlog.

The same filing reported revenue of USD 2,287.1 million for the three months ended June 30, 2026. The contract value therefore equals 10.28 percent of second-quarter revenue, although deliveries and related work will be spread across three years.

What changed around the target?

Morgan Stanley raised its price target for Elbit Systems from USD 845.00 to USD 850.00 on October 16, 2026, while maintaining an Equal Weight rating, as reported by Markets Insider. The modest target increase came ahead of the next earnings cycle and provides a counterpoint to the fresh contract award.

Three dated company markers

On August 11, 2026, Elbit Systems reported second-quarter revenue of USD 2,287.1 million and diluted earnings per share of USD 3.61, based on its financial statements. On October 16, 2026, Morgan Stanley lifted its target from USD 845.00 to USD 850.00. On October 19, 2026, Elbit Systems announced the USD 235.0 million rocket and launcher contract, according to StockTitan.

Next dates for investors

The next scheduled reporting date is November 17, 2026, as listed on the company's investor-relations topic coverage. The contract itself is scheduled for performance over three years, so revenue recognition will be distributed across future reporting periods.

Stock trades near a fresh catalyst

Elbit Systems was trading at EUR 674.75 at Lang & Schwarz on October 20, 2026 at 9:18 a.m. CEST. The company combines a new USD 235.0 million award with a USD 32.0 billion backlog and USD 2,287.1 million in quarterly revenue, giving investors three different measures for judging the order's eventual contribution. The further course of trading is shown by the continuously updated real-time quote of Elbit Systems stock.