ESLT News & Events

Jefferies highlights a Calcalist report that Israel's Ministry of Finance removed its objection to an incremental $14.7B defense budget injection. This would lift Israel's 2026 defense budget to $62.9B from $48.2B, the analyst tells investors in a research note. If confirmed, Jefferies sees the budget increase as a positive for Elbit Systems (ESLT) and Next Vision (NXSNF). The proposed increase would be a "material step-up" for Israel's defense outlays and should support continued procurement of munitions, interceptors, sensors, C4ISR, unmanned aerial vehicles, electro-optics, and survivability systems, the firm contends.

Duke Robotics (DUKR) announced that it has received confirmation from Elbit Systems (ESLT) that Elbit has received a new order for the Bird of Prey stabilized weapons drone system, with deliveries expected to take place later this year. The company said, "The Bird of Prey is an agile, fully stabilized remote weapon system designed for non-line-of-sight and stand-off engagements. Built on Duke Robotics' proprietary stabilization technology, the system is engineered to deliver precise engagement capability from a moving aerial platform - a long-standing technical challenge for weaponized drones. The Company believes the confirmation of a new order further validates the operational relevance of the system and the strength of its collaboration with Elbit, one of the world's leading defense companies."