INDEX / DIRECTORY / ELBIT SYSTEMS

Elbit Systems🇮🇱

Defense & Aerospace 69 CITED SOURCES UPDATED 2026-09-22 METHOD V6.5
BDS-1000 Score 933 /1000 A Tier A - Extreme
Military ↗ 9.50 Digital ↗ 7.30 Economic ↗ 9.10 Political ↗ 9.00
OWNERSHIP TREE 26 brands and group businesses View all

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Key Findings

  • Military: IMOD announced multiple 2024–26 procurements from Elbit, including Iron Sting precision-guided mortar munitions, attack-capable drones, aerial munitions, and digital warfare systems for IDF forces.1, 2, 3
  • Digital: Elbit’s C4I and Cyber business has direct IDF digitization contracts covering C4ISR, command-and-control, connectivity, border protection, and “digital fire”; the available announcement does not establish autonomous targeting or civilian-data AI provision.4
  • Economic: Israel represented 29% of Elbit’s consolidated FY2024 revenue; at year-end 2025, IMOD-related receivables and contract assets were approximately US$1.03 billion.5
  • Settlements: A 2006 Elbit group disclosure supports an IMOD electronic-fence project involving the Security Fence Administration and Jerusalem’s detour route, but available primary records do not establish the exact route, continuation after 2009, or a current settlement facility or contract.6, 7

Target Profile

FieldDetail
Company NameElbit Systems Ltd.
JurisdictionIsrael; incorporated and domiciled in Israel.5
HeadquartersAdvanced Technology Center, Haifa, Israel.5
SectorDefence, homeland security, and commercial aviation; systems include airborne, land, naval, training, support, C4ISR, communications, electronic warfare, electro-optics, and munitions.5, 8
OwnershipOrdinary shares trade on Nasdaq and the Tel Aviv Stock Exchange. Federmann Enterprises Ltd. is the disclosed controlling shareholder; the 2026 proxy reports beneficial ownership of 19,318,508 ordinary shares, approximately 41.2% of shares outstanding.5, 9
Key Executives / GovernanceBezhalel (“Butzi”) Machlis, President and CEO; David Federmann, board chair; Michael Federmann, controlling shareholder and director. The disclosed board also includes Ehud Adam, Noaz Bar Nir, Rina Baum, Tzipi Livni, Dov Ninveh, Ehood Nisan, and Bilha Shapira.5, 9
Israeli-Nexus SummaryIsraeli defence manufacturer with substantial IMOD procurement, domestic production, IDF-directed weapons and digitization contracts, and a historically documented electronic-fence project.

Key Facts:

Executive Summary

Elbit Systems is an Israeli publicly traded defence, homeland-security, and commercial-aviation company whose revenue is principally derived, directly or indirectly, from government agencies, including IMOD and other military or governmental customers.5 Its documented Israel/Palestine nexus is strongest in direct defence procurement: official IMOD releases describe purchases of Elbit ammunition, Iron Sting precision-guided mortar munitions, attack-capable drones, communications systems, aerial munitions, and military digitization capabilities for IDF forces.1, 2, 3, 4

The military record includes direct official evidence of lethal munitions and military systems: IMOD identified IDF ground forces as the recipient of Iron Sting munitions, announced systems for intelligence collection and targeted strikes, and described domestic aerial-munitions manufacturing at Elbit facilities.1, 2, 3 The evidence does not, however, establish where every post-2024 procurement was ultimately deployed or used in a particular operation.1, 2, 3

Digital involvement is documented through Elbit’s C4I and Cyber activities and IDF contracts. Public materials describe communications, C4ISR, command-and-control, multi-domain connectivity, border protection, and “digital fire.”4 The reviewed records do not establish that Elbit supplied an identified autonomous target-generation system, an AI model trained on Palestinian civilian data, a particular surveillance dataset, or Project Nimbus cloud services.4, 10

A historically documented territorial vector concerns Elbit subsidiary Ortek’s 2006 selection for an IMOD electronic deterrence/fence project involving the Security Fence Administration, sensors, fencing, communications, and computerized command-and-control posts.6 A Norwegian Council on Ethics recommendation concluded that Elbit supplied a surveillance system forming part of the separation barrier in the West Bank, but this was an investment-ethics recommendation rather than a judicial finding; Elbit’s own 2006 disclosure did not identify the exact route or establish continuation after 2009.6, 7 The reviewed 2023 and 2025 OHCHR settlement-business database materials did not name Elbit, a document-scoped finding that does not prove historical or group-wide absence from settlement-linked activity.11

On the fixed, human-vetted V6.5 methodology, Elbit receives BRS 933, Tier A (Extreme Complicity). The result reflects the documented scale and directness of its government defence activity, particularly direct IMOD procurement and Israeli domestic military production, while retaining all evidentiary limits, non-findings, and unresolved allegations in the record.

Timeline of Relevant Events

DateEvent
1966Elbit’s predecessor was incorporated in Israel as Elbit Computers Ltd.5
1996Elbit Systems was formed through the demerger and spin-off of Elbit Ltd.’s defence-related assets and business.5
March 2006Elbit subsidiary Ortek was selected by IMOD for an electronic deterrence/fence project involving the Security Fence Administration, sensors, fencing, communications, and command-and-control posts.6
15 May 2009Norway’s Council on Ethics recommended excluding Elbit from the Government Pension Fund–Global over its assessment of a surveillance system forming part of the West Bank separation barrier; this was not a judicial determination.7
2 November 2023CEO Bezhalel Machlis said Elbit systems were being used extensively by the IDF and described accelerated production and workforce mobilisation following 7 October 2023.12
July 2024IMOD announced an approximately US$340 million ammunition-systems agreement with Elbit supporting a new Israeli production facility.13
July 2024IMOD announced an order exceeding US$220 million for Iron Sting precision-guided mortar munitions for IDF ground forces.1
December 2024IMOD announced contracts totalling approximately US$40 million for Elbit drones and autonomous systems, including intelligence-collection, swarm, attack-capable, and urban strike systems.2
January 2025IMOD announced two agreements totalling approximately NIS 1 billion for heavy aerial munitions and a national raw-materials plant.3
March 2025IMOD announced expansion of Iron Beam serial production, identifying Elbit as a participant alongside Rafael.14
August/November 2025IMOD announced approximately US$260 million in contracts for Israeli-produced aerial munitions to be manufactured at Elbit domestic facilities.15
9 February 2026Elbit announced DDR&D/MAFAT contracts exceeding US$100 million for IDF digitization, C4ISR, border-protection, and “digital fire” capabilities.4
23 April 2026IMOD announced multi-year Elbit aerial-munitions orders exceeding US$200 million, to be manufactured at Elbit facilities in Israel.16

Corporate Overview

Elbit presents itself as an international high-technology company principally active in defence, homeland security, and commercial aviation.8 Its FY2025 filing states that most company revenue is derived directly or indirectly from governmental agencies, principally IMOD, the U.S. Department of War, and other military or governmental authorities.5

The company’s disclosed major wholly owned subsidiaries include Elbit Systems of America, Elbit Systems Electro-Optics Elop, Elbit Systems C4I and Cyber, Elbit Systems EW and SIGINT–Elisra, Elbit Systems Land, and IMI Systems.5 Elbit acquired IMI Systems in 2018; the acquisition materials describe IMI as an Israeli defence company developing, manufacturing, marketing, and selling munitions and defence systems.17

Elbit Systems of America is a Delaware LLC and operates under a U.S. Department of War Special Security Agreement because of its non-U.S. control; the agreement addresses security and export-control safeguards for classified programmes.5 The group also reports subsidiaries or investments in several countries undertaking local marketing, engineering, manufacturing, and logistics-support functions.5

Federmann Enterprises is disclosed as Elbit’s controlling shareholder rather than a formal legal parent.5, 9 Michael Federmann controls voting interests through the disclosed ownership chain, while David Federmann has served as board chair since August 2023.5, 9 No public evidence identified in the reviewed filing, proxy, and governance materials of a current Israeli state equity stake, golden share, or government board-appointment right; this remains limited to those reviewed records.5, 9

Domain Summaries

Military: Military

Mechanism of Involvement

Official IMOD procurement releases establish direct military supply. IMOD purchased Iron Sting 120mm precision-guided mortar munitions from Elbit for IDF ground forces; IMOD describes the munition as laser- and GPS-guided.1 December 2024 agreements covered intelligence-collection drones, swarm-capable “Seek & Strike” systems, attack-capable mission drones, urban mini-drone strike systems, and unmanned-system communications.2

IMOD subsequently announced agreements for heavy aerial munitions, a national raw-materials plant, and Israeli-produced aerial munitions manufactured at Elbit domestic facilities.3, 15, 16 Elbit’s FY2025 filing reports approximately US$1.03 billion in IMOD-related trade receivables and contract assets at 31 December 2025.5

Elbit is also identified as a participant in Iron Beam serial-production expansion and as a contributor to Arrow-system production, although the official Arrow announcement does not specify Elbit’s component role.14, 18 IMOD identified Elbit among David’s Sling project participants, but the cited material does not isolate Elbit’s particular technical contribution.19

Counter-Arguments and Evidence Limits

The available official procurement record establishes contracts and stated recipients, but does not establish the deployment location or operational use of every listed post-2024 system.1, 2, 3, 15, 16 Arrow and David’s Sling announcements identify participation but not a specific Elbit subsystem or role.18, 19

No public evidence identified in the supplied materials of Elbit contracts for catering, transport, fuel, waste, facilities management, port handling, freight, or comparable base services for Israeli military installations. No public evidence identified of a retrieved primary tender, construction contract, or judicial record establishing direct Elbit base construction, demolition, maintenance, or services in settlements or occupied territory.5, 6

Named Entities and Evidence Map

Digital: Digital

Mechanism of Involvement

Elbit’s C4I and Cyber segment markets C4ISR, data links, radio communications, cyber-intelligence, autonomous, and homeland-security solutions.8 In 2023, Elbit announced cumulative contracts of approximately US$130 million with Israel’s Directorate of Defense Research and Development for advanced IDF communications systems and described itself as a partner in the IDF’s “digital maneuver” effort.20

In February 2026, Elbit announced contracts exceeding US$100 million for fifth-generation IDF digitization capabilities. The announced scope included headquarters and manoeuvring-force command-and-control, multi-domain connectivity, C4ISR, border protection, and “digital fire.”4 “Digital fire” is explicitly military in character, while the public announcement does not provide enough technical detail to distinguish every civilian-capable component from weapons-specific components.4

Counter-Arguments and Evidence Limits

The public record does not establish that Elbit supplied autonomous target-generation, automated target-identification, or automated-lethality systems.4 It also does not identify a civilian data source, particular AI model, training dataset, model host, surveillance-derived Palestinian data, or a specified state-agency AI contract.4, 8

No public evidence identified in the reviewed material of Elbit participation in Project Nimbus, operation of commercial data centres, data-residency services to Israeli state entities, or deployment of specified Israeli-origin facial-recognition, retail analytics, or workforce-surveillance products.10, 8 Civil-society assertions regarding checkpoint and barrier surveillance systems remain unverified deployment leads because the underlying tender and technical records were not retrieved.21

Named Entities and Evidence Map

Economic: Economic

Mechanism of Involvement

Elbit’s economic nexus is primarily its Israeli defence-industrial footprint and governmental revenue. Israel accounted for 29% of consolidated FY2024 revenue, compared with 19% in 2022 and 2023.5 Elbit reported 13,930 employees in Israel at year-end 2024 and 14,805 Israel-based employees at year-end 2025.5

The company reports Israeli offices, development, engineering, manufacturing, maintenance, hangar, and landing-strip facilities, and stated that IMOD’s “Blue and White” local-production strategy resulted in several company awards.5 IMOD described the January 2025 raw-materials plant agreement as supporting a domestic supply source in place of materials formerly sourced mainly abroad.3

Counter-Arguments and Evidence Limits

The geographic revenue disclosure does not provide Israel-only profit, tax paid, customer-level revenue, dividends, or a quantified direction of profit repatriation.5 No public evidence identified in reviewed materials of agricultural sourcing, consumer-goods importing, settlement-origin consumer products, sovereign-bond holdings, Israel Bonds underwriting, insurance underwriting, or retail labelling practices.5

No public evidence identified in the reviewed filings of an Elbit facility in a West Bank settlement, East Jerusalem settlement, or the Golan Heights.5 Elbit’s absence from the reviewed 2023 and 2025 OHCHR settlement-business database contexts is document-scoped and does not establish general or historical absence from settlement-linked activity.11

Named Entities and Evidence Map

Political: Political

Mechanism of Involvement

Elbit’s public statements describe increased IMOD demand after 7 October 2023, operational disruption, reservist call-ups, and expanded production.5, 12 In November 2023, CEO Bezhalel Machlis stated that Elbit systems were being used extensively by the IDF and referred to employees supporting the IDF; the statement did not address Palestinian civilian harm.12

The company’s historical barrier nexus is supported by its 2006 SEC-filed announcement that subsidiary Ortek was selected for an IMOD electronic-fence project involving the Security Fence Administration and Jerusalem’s detour route.6 Norway’s Council on Ethics subsequently recommended exclusion from its sovereign fund based on its assessment of Elbit’s surveillance-system involvement in the separation barrier being built in the West Bank.7

Elbit Systems of America maintains an active U.S. corporate PAC and filed U.S. lobbying disclosures addressing defence authorization, appropriations, procurement, munitions, border-security technology, and related subjects.22, 23

Counter-Arguments and Evidence Limits

The 2006 company disclosure does not identify the exact barrier route or establish West Bank placement, while the Norwegian recommendation is an official investment-ethics assessment rather than a judicial determination.6, 7 The reviewed sources do not establish whether the barrier relationship continued after 2009.6, 7

The PAC and lobbying records establish U.S. electoral and procurement-policy activity by Elbit’s U.S. subsidiary, but do not establish lobbying on Israel-Palestine policy, settlements, boycotts, or regional trade legislation.22, 23 No verified transfer by Elbit or an attributable controlling principal to specifically named settlement, military-welfare, or political organizations was retrieved in the documented research scope.5

No public evidence identified in the bounded review of a company call for a ceasefire, peace process, or protection of Palestinian civilians in the annual-report and company-news materials examined; the comparison with other issue areas was not comprehensive.5

Named Entities and Evidence Map

BDS-1000 Score

Method: V6.5

DomainIMPV-Domain Score
Military9.507.007.809.50
Digital7.307.008.007.30
Economic9.108.309.009.10
Political9.007.009.009.00

Military supplies the V_MAX because official procurement records document direct military supply of munitions, attack-capable drones, and IDF-directed systems.1, 2, 3 The high cross-domain result also reflects Elbit’s substantial Israeli defence-industrial revenue, employment, production, and state procurement relationship.5 Scores are fixed human-vetted V6.5 outputs, using a scale-free, evidence-only method rather than an allegation count.

Methodology Note

Footnotes

  1. https://mod.gov.il/en/press-releases/press-room/israel-ministry-of-defense-acquires-over-220-million-worth-of-iron-sting-precision-guided-mortar-munitions-from-elbit-systems ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9

  2. https://www.mod.gov.il/en/press-releases/press-room/israel-mod-purchases-advanced-drones-and-autonomous-systems-from-elbit-systems-for-approximately-40m ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9

  3. https://mod.gov.il/en/press-releases/press-room/israel-mod-signs-two-major-deals-with-elbit-systems-totaling-approximately-nis-1-billion ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10

  4. https://www.elbitsystems.com/news/elbit-systems-secures-over-100-million-contracts-advance-digital-warfare-and-border-defense ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10

  5. https://www.sec.gov/Archives/edgar/data/1027664/000102766426000005/eslt-20251231.htm ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12 ↩13 ↩14 ↩15 ↩16 ↩17 ↩18 ↩19 ↩20 ↩21 ↩22 ↩23 ↩24 ↩25 ↩26 ↩27 ↩28 ↩29 ↩30 ↩31 ↩32 ↩33 ↩34

  6. https://www.sec.gov/Archives/edgar/data/1027664/000091068006000236/f6k032006.htm ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9

  7. https://www.regjeringen.no/en/documents/the-council-on-ethics-recommends-that-th/id575451/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7

  8. https://www.elbitsystems.com/sites/default/files/2025-03/elbit-systems-investor-overview-november-2024-including-accessability-comments-vf_0.pdf ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  9. https://www.sec.gov/Archives/edgar/data/1027664/000102766426000021/elbit-2026agmproxystatement.htm ↩ ↩2 ↩3 ↩4 ↩5

  10. https://www.gov.il/en/pages/_bpress_20102022 ↩ ↩2 ↩3

  11. https://www.ohchr.org/en/press-releases/2025/09/un-human-rights-office-updates-database-businesses-involved-israeli ↩ ↩2

  12. https://elbitsystems.com/sites/default/files/2025-03/elbit-systems-q3-23-conference-call-edited-transcript.pdf ↩ ↩2 ↩3

  13. https://www.mod.gov.il/en/press-releases/press-room/israel-ministry-of-defense-to-purchase-ammunition-systems-worth-approximately-340-million-from-elbit-systems ↩

  14. https://www.mod.gov.il/en/press-releases/press-room/major-milestone-in-high-power-laser-intercept-system-development ↩ ↩2 ↩3

  15. https://www.mod.gov.il/en/press-releases/press-room/israel-mod-signs-260m-contract-with-elbit-systems-for-advanced-aerial-munitions-systems ↩ ↩2 ↩3

  16. https://mod.gov.il/en/press-releases/press-room/israel-mod-procures-over-200m-elbit-systems-aerial-munitions ↩ ↩2 ↩3

  17. https://www.sec.gov/Archives/edgar/data/1027664/000162828019003104/exhibit44-2018.htm ↩ ↩2 ↩3

  18. https://www.mod.gov.il/en/press-releases/press-room/israel-mod-and-iai-sign-major-deal-to-expand-procurement-of-arrow-3-interceptors ↩ ↩2 ↩3

  19. https://www.mod.gov.il/en/press-releases/press-room/israel-defense-prize-2024-awarded-for-groundbreaking-defense-technologies-that-proved-critical-during-the-swords-of-iron-war ↩ ↩2 ↩3

  20. https://www.elbitsystems.com/pr-new/israel-mod-procures-advanced-communication-systems-from-elbit-systems-for-approximately-130m/ ↩ ↩2

  21. https://www.whoprofits.org/companies/company/3794 ↩

  22. https://www.fec.gov/data/committee/C00437566/ ↩ ↩2 ↩3

  23. https://lda.gov/filings/public/filing/1cbaed6e-d48c-4b3b-a597-ecdae1521b5e/print/ ↩ ↩2 ↩3