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Elbit Systems is an Israeli company for the development and modernization of various types of weapons. UAV systems, avionics, radar, guidance in artillery and rocket technology. The largest private defense concern in Israel.
2026: Expansion in the Balkans and Eastern Europe
In the Balkans, Elbit Systems is moving from simple sales to deep integration into the defense structures of the countries of the region, forming the dependence of local armies on Israeli technologies, components and standards.
The strategy includes three key elements:
- Localization of production: The creation of joint ventures and factories (as planned in Serbia and Albania) not only provides jobs, but also firmly binds local armies to Israeli technologies, components and standards.
- Training control: The management of international flight training centers (as in Greece) and aviation academies (in Albania) allows you to form loyalty among the future military elites of the region.
- Marketing "combat experience": Elbit actively promotes its systems as "combat proven," using the conflicts in Palestine and Lebanon as a showcase for its technology, which especially attracts countries seeking rapid modernization.
As of February 2026, the following transactions are mentioned:
Serbia - contract for $1.635 billion; Hermes 900 UAV, PULS missile systems; plans for a drone factory.
Albania - contract for $30 million; production of Magni-X and Thor UAVs; purchase of ATMOS howitzers; creation of an aviation academy.
Greece - $758 million contract for PULS systems; management of the Kalamat International Flight Training Centre.
Romania - long-term modernization of aviation; purchase of Watchkeeper X UAV ($410 million).
North Macedonia - modernization of Mi-17/24 helicopters; use of Hermes 450 UAVs.
Bulgaria - modernization of T-72 tanks.
- Hungary - E-LynX communication systems for armored vehicles; Skylark UAVs.
Elbit Systems' expansion is displacing traditional suppliers such as Russia and China.
2025: Spain approves deal to purchase 11 thousand walkie-talkies from Elbit Systems for 800 million euros
For 2025, the Spanish government has a very bad relationship with. Israel After the attack HAMAS in October 2023, the Spaniards refuse to sell weapons to the Israelis, and generally condemn them in every way and internationally. In May 2025, the Spaniards announced that they would not buy weapons from the "bloody Netanyahu regime." In general. Never.
A month has passed since the solemn proclamation of the course for "liberation from Israeli dependence," and the Spanish government approved a previously frozen deal with Elbit Systems for the supply of 11 thousand tactical walkie-talkies E-LynX. Moreover, walkie-talkies are already buying half of Europe, the Spanish contract for 800 million euros was simply "another on the list."
The reason for the embarrassment is almost officially named: there is simply no adequate alternative on the national market. The Spanish Ministry of Industry explained that "it is necessary to overcome technological gaps" through purchases on the global market.
2023: Agreement on the production of howitzers and shells in Romania
In November 2023, Israeli Elbit Systems Ltd. and Romanian CN ROMARM S. A. signed an agreement on the joint production of 155 mm ATMOS self-propelled guns in Romania.
To do this, the Romanian Artillery Center is being created on the basis of the Automecanica Automobile Plant in Moreni (Automecanica Moreni S. A.). Previously, the plant produced amphibious armored personnel carriers SAUR 1 and SAUR 2, as well as armored personnel carriers Zimbru. There were no artillery and howitzers in the line of the plant, which indicates the creation of a new production line.
The investment project itself is justified by "the growing demand for 155-mm artillery mounts and shells in the Armed Forces of Romania and other NATO and EU countries."
Stock price dynamics
| Ticker company on the exchange: | NYSE:ESLT |

