Elbit Systems wins $350 million tank upgrade contract

Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) announced it received a contract valued at approximately $350 million from an international customer to deliver upgrades for Main Battle Tanks. The four-year program will include integration of advanced fire control systems, electric gun and turret drive systems, communication and situational awareness solutions, and mid-life upgrade packages.

The Israeli defense technology company will modernize tank systems to extend service life and enhance combat readiness. The upgrade program includes replacing key onboard systems with lightweight, high-performance electro-optical sights featuring artificial intelligence capabilities for day and night observation, target detection and tracking.

The contract covers spare parts supply and maintenance and technical support services. It also includes integration of a secure, high-capacity voice communication suite.

"Elbit Systems is a global leader in tank modernization programs," said Bezhalel Machlis, President and CEO of Elbit Systems. "By leveraging the strengths and expertise of our divisions, we deliver comprehensive and integrated solutions that incorporate latest generation fire control, electro-optical, and communication systems, along with other state-of-the-art subsystems."

Elbit Systems employs over 20,000 people across five continents. The company reported $2.19 billion in revenues for the three months ended March 31, 2026, and maintained an order backlog of $30.2 billion as of that date.

The information is based on a company press release statement.

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