DealsJul 20, 2026, 06:07 AM
Elbit Systems of America Awarded $370M+ CBP Contracts
AI Summary
Elbit Systems Ltd. announced that its U.S. subsidiary, Elbit Systems of America, has been awarded multiple contracts by U.S. Customs and Border Protection (CBP) totaling over $370 million. These contracts are aimed at enhancing U.S. national security, with the work expected to be completed by May 2029. The company's President and CEO, Bezhalel Machlis, highlighted the contribution of Elbit America's advanced technologies to U.S. security and defense capabilities.
Key Highlights
- Elbit Systems of America awarded multiple contracts from U.S. Customs and Border Protection (CBP).
- Total value of the contracts exceeds $370 million.
- Work under the contracts is scheduled to be performed through May 2029.
- The awards aim to enhance U.S. national security.
- Elbit Systems reported $2,188.8 million in revenues for Q1 2026.
- Company's order backlog stood at $30.2 billion as of March 31, 2026.
Price Impact
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