Elbit Systems

Defense Technology · Directed-Energy Weapons · Aerospace

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Elbit Systems posts record $32B backlog, funds airborne laser weapons push

Record contract backlogs are increasingly bankrolling next-generation weapons research, not just factory expansion.

• Elbit Systems reported Q2 2026 revenue of $2.3 billion and net income of $173.6 million, with its order backlog hitting a record $32 billion that is now funding a push into airborne laser weapons.
• Elbit Systems is a global defense technology company with over 20,000 employees that builds airborne, precision-strike and directed-energy systems for militaries worldwide.
• The backlog climbed from $30.2 billion at the end of Q1 to $32 billion in Q2, giving Elbit multi-year revenue visibility to expand R&D and production capacity for high-power laser technology.
• Elbit contributed to Rafael's Iron Beam ground-based laser system, delivered to the IDF in December 2025 after combat testing against Hezbollah drones, work that is now informing Elbit's airborne laser effort.
• Elbit also declared a $1.00-per-share dividend alongside the results, underscoring confidence in cash flow generated by the record backlog.
• The move signals a broader shift in air-defense economics, as militaries chase directed-energy weapons that cost only dollars in electricity per shot versus tens of thousands for missile interceptors.