Israeli defense contractor Elbit Systems said Monday it signed the largest deal in its history, a $2.3 billion agreement with an undisclosed international customer for weapons systems to be delivered over eight years.
The company did not reveal the identity or location of the customer, citing a confidentiality agreement, and did not specify which systems would be supplied.
News of the deal sent Elbit’s shares up more than 4% on the Tel Aviv Stock Exchange.
The agreement is the latest in a series of multi-billion-dollar deals by Israel’s defense industry, which has seen a surge in global demand since Russia’s 2022 invasion of Ukraine. The largest deal to date remains Israel Aerospace Industries’ (IAI) $3.5 billion sale of the Arrow 3 missile defense system to Germany in 2023.
Other recent major contracts include Rafael’s $2.2 billion deal to sell air defense systems to Romania and IAI’s $1.6 billion sale of Barak 8 systems to India.
Elbit reported a record-high order backlog of $23.8 billion in its second-quarter financial results for 2025, up $700 million from the previous quarter. The company said 68% of the backlog comes from international customers, with the remainder from the IDF.
Second-quarter revenue rose 21% year over year, reaching $1.97 billion.