On May 20, Elbit Systems Ltd. (NASDAQ:ESLT) reported results for the fiscal first quarter of 2025. It operates as an international defense company, which has seen significant growth amidst rising global defense demands and ongoing regional conflicts. As a result, the stock has gained more than 50% on a year-to-date basis.Elbit Systems (ESLT) Reports a Robust Q1 2025 Amdist Growing Defense Spending

An unmanned aircraft system in the sky, its silhouette illuminated in the night light.

Elbit Systems Ltd. (NASDAQ:ESLT) grew its revenue by 22% year-over-year to $1.9 billion, marking the fourth consecutive quarter of double-digit growth. This was driven by robust performance across all its business segments. The Land segment was notable with 48% year-over-year growth, driven by ammunition and munition sales in Israel and Europe. In addition, GAAP net income also grew from $73.7 million a year ago to $107.1 million in Q1 2025.

Bezhalel Machlis, President and CEO of Elbit Systems Ltd. (NASDAQ:ESLT), highlighted that the company is strategically positioned to benefit from rising defense budgets, particularly in Europe. This is complemented by the well-established subsidiaries and recent contract wins.

Notably, the order backlog of Elbit Systems Ltd. (NASDAQ:ESLT) increased 14% year-over-year to $23.1 billion. Management noted that around 66% of this backlog is from outside Israel, with about 51% scheduled for completion in 2025 and 2026.

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