Elbit Systems Ltd (NASDAQ: ESLT)

Elbit Systems Ltd. is an international high technology company engaged in the defense and homeland security sectors. It develops and supplies a broad portfolio of airborne, land and naval systems and products for military, homeland security and commercial applications. The company also provides training, support and platform modernization services. Its operations span design, integration, manufacturing and after sales support for a variety of defense platforms. The company maintains subsidiaries and facilities across North America, Europe, Asia Pacific and other regions to support local markets.

The company generates revenue primarily through the sale of its defense and homeland security systems, including unmanned aircraft, precision guided munitions, command and control electronics, electronic warfare suites and armored vehicle solutions. It also earns income from training programs, simulation services and lifecycle support contracts. Sales are made to government armed forces, defense ministries and allied international customers, as well as to commercial aviation and industrial clients. In recent years, export sales have accounted for a significant portion of total revenue, with approximately 68% of 2025 revenue coming from international markets.

The company operates through the following segments: Aerospace, C4I and Cyber, Intelligence Surveillance Target Acquisition and Reconnaissance and Electronic Warfare (ISTAR and EW), and Land.

• Aerospace: This segment provides unmanned aircraft systems, avionics, helmets mounted displays, aerostructures, training simulators and commercial aviation systems for fixed and rotary wing platforms.

• C4I and Cyber: This segment offers command control communications computers intelligence surveillance reconnaissance systems, secure radios, data links, cyber intelligence, autonomous solutions and homeland security technologies.

• ISTAR and EW: This segment supplies electro optic laser systems, infrared countermeasures, naval surveillance, electronic warfare suites, signal intelligence gear and radar systems for air, land and maritime applications.

• Land: This segment delivers land based systems including artillery, mortar systems, armored vehicle upgrades, precision guided munitions, active protection systems and ammunition for ground forces.

Elbit Systems Ltd. holds a strong position among global defense contractors, competing with firms such as Lockheed Martin, Raytheon Technologies, Northrop Grumman, BAE Systems and Leonardo. Its competitive advantages stem from sustained investment in research and development, a diversified product portfolio that spans multiple domains, and a worldwide footprint that enables local partnerships and rapid response to customer needs. The firm differentiates itself through its ability to integrate subsystems into comprehensive solutions, leveraging cross segment collaboration.

The company's customer base consists principally of defense ministries and armed forces, with the Israel Ministry of Defense and the United States government representing its largest individual clients. In addition, Elbit Systems supplies allied foreign governments, NATO members and commercial entities in the aviation and industrial sectors. The company also serves commercial aviation operators and industrial manufacturers seeking avionics and surveillance equipment.