ESLT · Elbit Systems Ltd.

Elbit Systems Ltd. announced that its U.S. subsidiary, Elbit Systems of America, has received multiple awards from U.S. Customs and Border Protection (CBP) totaling over $370 million. The contracts are aimed at enhancing U.S. national security, with work scheduled through May 2029. This award adds to Elbit's substantial backlog of $30.2 billion as of March 31, 2026, and underscores the company's growing footprint in the U.S. defense sector. The press release quotes President and CEO Bezhalel Machlis, emphasizing the contribution of Elbit America to U.S. security and the reliability of its technologies. These contracts are likely to provide a steady revenue stream over several years and reinforce Elbit's position as a key supplier to U.S. government agencies. The announcement also reflects the company's strategy to leverage its advanced technologies for homeland security applications beyond traditional defense. Investors should view this as a positive signal for future revenue visibility and operational stability, given the long-term nature of the work.