Direct Defence Contracting & Procurement
Elbit Systems Ltd. is an Israeli corporation whose ordinary shares trade as ESLT on Nasdaq and the Tel Aviv Stock Exchange 1.
Elbit’s FY2025 SEC filing states that the company derives most revenue directly or indirectly from government agencies, principally IMOD, the U.S. Department of Defense, and other military or governmental authorities under defence and homeland-security contracts 2.
IMOD announced an approximately US$340 million ammunition agreement with Elbit in July 2024, stating that Elbit would establish a new Israeli ammunition-and-munitions production facility supporting continuing IDF operational capability 3.
IMOD announced in July 2024 an order exceeding US$220 million for thousands of Elbit Iron Sting precision-guided mortar munitions for IDF ground forces 4.
IMOD announced several Elbit contracts totalling approximately US$40 million in December 2024 for advanced drones and autonomous systems for the IDF 5.
IMOD announced two January 2025 agreements with Elbit totalling approximately NIS 1 billion for thousands of heavy aerial munitions and a national raw-materials plant 6.
Elbit’s FY2025 filing reports two IMOD contracts totalling about US$260 million for advanced airborne munitions and states that IMOD’s “Blue and White” local-production strategy has resulted in several Elbit awards 2.
Elbit reported IMOD-related trade receivables and contract assets of approximately US$1.030 billion at 31 December 2025, compared with US$761.5 million at 31 December 2024 2.
Dual-Use Products & Tactical Variants
The December 2024 IMOD contracts cover intelligence-collection drones, “Seek & Strike” swarm-capable systems, attack-capable mission drones, urban mini-drone strike solutions, and resilient communications for unmanned systems 5.
IMOD describes Iron Sting as a 120mm precision-guided mortar munition using laser and GPS guidance, with IMOD as purchaser and IDF ground forces as the stated operational recipient 4.
The available evidence characterises these systems as purpose-built military products rather than ordinary civilian distribution products 4, 5.
No public evidence identified in the supplied materials of Elbit end-user certificates or export-licence applications specifically governing sales by Elbit to Israeli security end-users.
Heavy Machinery, Construction & Infrastructure
A 2006 SEC-filed Elbit announcement states that group subsidiary Ortek was selected by IMOD for an electronic deterrence/fence project led by Israel’s Security Fence Administration 7.
The disclosed system included sensors, electronic fencing, communications, and computerized command-and-control posts 7.
Who Profits reports that this work included electronic fencing at the separation barrier and a 25-km segment around East Jerusalem under an IMOD contract, but that geographical and contract-specific account remains an NGO finding not independently verified in the primary filing reviewed here 8.
No public evidence identified in the supplied materials of Elbit construction, demolition, heavy-machinery supply, or settlement base-infrastructure contracts.
Supply Chain Integration with Defence Primes
IMOD identified Elbit and Rafael as participants in the March 2025 expansion of serial production of Iron Beam, describing Rafael as lead developer and IMOD’s DDR&D as project lead 9.
IMOD identifies Elbit as a contributor to Arrow-system production alongside IAI ELTA, IAI TAMAM, Tomer, and Rafael, while identifying IAI’s MLM division as Arrow’s prime contractor 10.
The official Arrow announcement does not specify Elbit’s component or sub-system role 10.
IMOD’s 2024 Israel Defense Prize announcement identifies Elbit, Rafael, IAI ELTA, IMOD’s Missile Defense Organization, and the Israeli Air Force as David’s Sling developers 4.
Elbit’s FY2025 filing identifies wholly owned subsidiaries including Elbit Systems Electro-Optics Elop, Elbit Systems C4I and Cyber, Elbit Systems EW and SIGINT–Elisra, Elbit Systems Land, and IMI Systems 2.
Logistical Sustainment & Base Services
No public evidence identified in the supplied materials of Elbit contracts for catering, transport, fuel, waste, facilities management, port handling, freight, or other base services specifically for Israeli military installations.
No primary IMOD tender, construction contract, logistics contract, end-user certificate, enforcement notice, or judicial record was retrieved establishing direct Elbit construction, maintenance, demolition, or base-services activity in the West Bank, East Jerusalem, Golan Heights, or settlements 2, 8, 11, 12, 13, 14.
Munitions, Weapons Systems & Strategic Platforms
The July 2024 Iron Sting order is direct official evidence of Elbit supply of precision-guided lethal mortar munitions to IMOD for IDF ground forces 4.
The July 2024 ammunition agreement supported a new Elbit production facility in Israel, while the January 2025 agreements separately covered heavy aerial munitions 3, 6.
The December 2024 IMOD contracts explicitly included attack-capable drones and mini-drone strike solutions for IDF combat forces 5.
Iron Beam is described by IMOD as a ground-based high-power laser system designed to intercept rockets, mortars, UAVs, and cruise missiles, and its serial-production expansion was announced in March 2025 with Elbit identified as a participant 9.
Elbit is identified as an Arrow-system production contributor, although the available official source does not identify its particular component category 10.
Elbit’s FY2025 filing states that its Israeli companies have received the Israel Defense Prize 38 times and reports 2025 awards for three projects, including IDF Eitan APC technology and a capability it says contributed to the operation culminating in Hassan Nasrallah’s killing 2.
Export Licensing, Regulatory & Legal History
Elbit reports that Israeli exports of its defence-related hardware, software, and technology require specific export licences, and that U.S. affiliates’ defence exports and technical-data transfers to Israel are subject to U.S. authorizations 2.
Elbit reports that 68% of FY2025 revenue was from exports subject to Israeli export regulation and that some foreign governments have imposed increased delays and stringency on exports of materials and components to Israel since October 2023 2.
A UK parliamentary question asked whether licences held by Elbit Systems UK had been suspended after the United Kingdom’s September 2024 Israel export-licence review, but the question does not establish that an Elbit licence existed, was suspended, or remained valid 15.
The UK Information Commissioner’s Office held that the Department for Business and Trade could neither confirm nor deny whether it held information on suspended licences involving Elbit Systems UK and named related companies, which likewise does not establish any particular licence or suspension 13.
In a March 2025 answer referring to Elbit products, the UK Government stated that no extant licences were assessed as potentially usable by the IDF in Gaza operations except F-35 components, without identifying Elbit as a licence holder or establishing use of an Elbit product 12.
Globes reported that Elbit subsidiary Elop filed a US$74 million lawsuit in 2012 after IMOD directed Elbit and IAI to cancel a Turkish Air Force airborne-intelligence contract, a matter concerning export restrictions to Turkey rather than supply to Israeli forces 16.
A Paris commercial court lifted restrictions on Israeli firms exhibiting defence technology at Euronaval in October 2024, and Associated Press reported that Elbit was among firms permitted to exhibit 17.
No public evidence identified in the supplied materials of a final regulatory decision, enforcement action, licence revocation, or court judgment specifically determining Elbit’s compliance with an arms embargo, export-control regime, or sanctions measure.
Civil Society Scrutiny & Documented Investigations
The UN Special Rapporteur’s 2025 report names Elbit among prominent Israeli weapons companies and states that it has cooperated closely with Israeli military operations since 2023 11.
The same report records Elbit’s 2017–2025 membership in MIT’s Industrial Liaison Program, while the underlying materials cited for the report’s operational assertions were not retrieved in the supplied research 11.
Who Profits characterises Elbit as an Israeli defence company supplying systems and services to the Israeli military through IMOD and alleges use of listed systems in Gaza and elsewhere 8.
Those Who Profits allegations should be treated as civil-society findings rather than independently established operational-use evidence because the underlying contracts and operational records were not retrieved in the supplied research 8.
The 2006 SEC-filed Ortek announcement independently supports the narrower finding that an Elbit group company was selected for an IMOD and Security Fence Administration electronic-fence project 7.
The supplied document-scoped pre-scan found Elbit absent from the 2023 OHCHR settlement-business database update, which does not establish group-wide or historical absence from settlement-linked activity 14.
No public evidence identified in the supplied materials of a company response, contract termination, end-use-monitoring commitment, institutional divestment decision, or formal Elbit policy change responding to civil-society pressure.
Footnotes
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https://www.sec.gov/Archives/edgar/data/1027664/000162828025013971/eslt-20241231.htm ↩
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https://www.sec.gov/Archives/edgar/data/1027664/000102766426000005/eslt-20251231.htm ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8
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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 ↩ ↩2
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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
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https://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
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https://mod.gov.il/en/press-releases/press-room/israel-mod-signs-two-major-deals-with-elbit-systems-totaling-approximately-nis-1-billion ↩ ↩2
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https://www.sec.gov/Archives/edgar/data/1027664/000091068006000236/f6k032006.htm ↩ ↩2 ↩3
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https://www.whoprofits.org/companies/company/3794 ↩ ↩2 ↩3 ↩4
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https://www.mod.gov.il/en/press-releases/press-room/major-milestone-in-high-power-laser-intercept-system-development ↩ ↩2
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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
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https://www.un.org/unispal/wp-content/uploads/2025/06/a-hrc-59-23-aev.pdf ↩ ↩2 ↩3
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https://questions-statements.parliament.uk/written-questions/detail/2025-02-26/33992/ ↩ ↩2
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https://documents.un.org/doc/undoc/gen/g23/064/30/pdf/g2306430.pdf ↩ ↩2
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https://questions-statements.parliament.uk/written-questions/detail/2025-08-29/73275 ↩
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https://apnews.com/article/paris-israel-lebanon-gaza-ruling-00ae98f573aa815831c73ad37dd8b48a ↩