Israel-based Elbit Systems reported a $30bn order backlog in its latest quarterly results release in information seen by IntelliNews on June 2. 

Despite coming under international pressure during the Iran war, it appears as if international customers are still relying on Israeli arms exports, with Elbit becoming Israel’s largest publicly traded company.

The backlog is distributed across a diversified revenue mix spanning C4I, cyber, ISTAR, electronic warfare, ammunition, unmanned aerial systems and lasers, with approximately 71% attributable to orders outside Israel. About 49% of the backlog is expected to be executed through the remainder of 2026 and into 2027.

Recent contract momentum has been substantial. On May 26, Elbit announced a $1.4bn deal with an unnamed European customer for extensive military modernisation programmes over five years, encompassing uncrewed autonomous solutions, advanced land electronic warfare, precision-guided munitions, electro-optical systems and software-defined radios, Breaking Defense Europe noted.

The scope of the programme points to a central or eastern European customer requiring deeper modernisation than established Western militaries.

That followed a $750mn contract in April, through Israel's Ministry of Defence, to supply Greece's Hellenic Ministry of National Defence with its PULS artillery system, and an August 2025 deal worth $1.63bn, with Israeli media reporting the customer as Serbia.

Domestically, a $130mn contract to supply technological enhancements for 12 CH-53K helicopters for Israel's Ministry of Defence reflects record Israeli defence spending since the Gaza war and the broader military campaign against Iran.

President and CEO Bezhalel Machlis said the company was scaling production capacity and increasing use of robotics and AI in automation. "With demand rising well above historical levels, we continue to focus on order execution," he said in the company’s press release.