Elbit Systems Shares Up on Higher Demand-Driven Profit, Revenue

Dow Jones03-17

By Adriano Marchese

Elbit Systems shares rise as higher demand for weapons systems supported higher revenue and profit.

Shares trading in New York were up 6.5% to $930.98.

The Israel-based high-technology defense contractor posted on Tuesday a higher net income of $168.6 million, or $3.52 a share, compared with $90.2 million, or $2.00 a share, in the same quarter a year ago.

Adjusted earnings were $3.56 a share. According to FactSet, analysts were expecting $3.14 a share.

Revenues rose to $2.15 billion from $1.93 billion, topping forecasts of a more modest rise to $2.1 billion.

Elbit's Chief Executive Officer Bezhalel Machlis said that the company continues to benefit from expanding global demand while strengthening its presence in the U.S., Europe and Asia.

Machlis also said that it is also currently providing capabilities to the Israel Ministry of Defense and the Israel Defense Forces as a strategic partner during the country's war with the U.S. against Iran.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

March 17, 2026 06:40 ET (10:40 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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