Elbit Systems secures over $370 million in US border security contracts
Elbit Systems of America secured over $370 million in contracts from U.S. Customs and Border Protection, extending work through May 2029. The company reported revenues of $2,188.8 million and an order backlog of $30.2 billion for the quarter ended March 31, 2026. Analysts project Q2 revenue of $2.23 billion and maintain a Hold rating, while technical indicators suggest mixed near-term momentum.
*this image is generated using AI for illustrative purposes only.
Elbit Systems Ltd. has secured multiple contracts from U.S. Customs and Border Protection (CBP) totaling over $370 million to enhance U.S. national security. The work under these agreements is scheduled to be performed through May 2029. The contracts underscore the continued contribution of Elbit Systems of America to the security and defense capabilities of the United States.
Bezhalel (Butzi) Machlis, President and CEO of Elbit Systems, stated that the awards demonstrate the company's ability to deliver reliable, real-time situational awareness using advanced and operationally proven technologies. He emphasized that these solutions help customers address complex operational challenges.
Financial Performance
The company reported the following financial metrics for the three months ending March 31, 2026:
| Metric | Value |
|---|---|
| Revenues | $2,188.8 million |
| Order Backlog | $30.2 billion |
The order backlog figure reflects the company's strong position in the defense sector as of March 31, 2026.
Market Outlook and Analyst Ratings
Elbit is scheduled to report second-quarter earnings on August 11, 2026. Wall Street expects earnings of $3.66 per share, up from $3.23 a year earlier. Revenue is projected to reach $2.23 billion, compared with $1.97 billion in the prior-year quarter.
Analysts maintain a Hold consensus rating with an average price forecast of $915. Recent actions include:
- Jefferies: Hold; lowered price forecast to $880 on June 24.
- JP Morgan: Neutral; raised price forecast to $950 on May 27.
- JP Morgan: Neutral; raised price forecast to $930 on April 13.
Technical Analysis
Elbit remains in a longer-term uptrend. The stock is trading 8.6% above its 200-day simple moving average of $701.38, despite pulling back from its March 52-week high of $1,016.06. The near-term trend remains mixed, with shares 4% below the 50-day SMA of $793.29 and 8.6% below the 100-day SMA of $833.61, suggesting overhead resistance remains intact.
Momentum has weakened as the MACD remains below its signal line. Key resistance is identified at $821.50, with support at $710.00.
How will the $370 million CBP contracts impact Elbit's revenue growth beyond the current fiscal year?
What are the potential risks or delays in executing the contracts through May 2029?
How might the U.S. government's defense budget priorities affect future contract opportunities for Elbit?
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