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Israel-Gaza War, European Tensions Yield Record Sales for Elbit

Elbit Systems will provide advanced multi-domain defense technologies including AI-enabled systems over five years under a $1.635 billion contract to modernize a European military.

  • On August 13, 2025, Elbit Systems Ltd announced in Haifa that it was awarded a $1.635 Billion defense contract with a European country.
  • The contract aims to modernize the country's military and spans a five-year period, including industrial cooperation to strengthen the buyer’s national industrial capabilities.
  • The second group includes ISTAR systems with COMINT, SIGINT and electronic warfare capabilities, as part of the contract's two groups of advanced solutions.
  • Alongside the deal, Elbit reported a record $24 billion Q2 2025 order backlog, over $600 million higher than the previous quarter, with approximately 68% outside Israel.
  • Elbit states about 46% of orders are scheduled for the remainder of 2025 and 2026, and Bezhalel Machlis said the deal reflects strong demand in Europe for advanced defense technologies.
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EDR Magazine broke the news in on Wednesday, August 13, 2025.
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