Israel’s Elbit Systems reports record profits on the back of Gaza genocide
The Cradle | November 18, 2025
Israel’s leading defense technology company, Elbit Systems, reported a sharp rise in quarterly profit on 18 November after months of fueling the genocide in Gaza by supplying weapons, munitions, and surveillance systems, while simultaneously securing a wave of new European contracts.
The company posted $3.35 per diluted share excluding one-time items, up from $2.21 a year earlier, and reported $1.92 billion in revenue compared to $1.72 billion last year.
Its order backlog reached $25.2 billion, with the company saying 69 percent comes from outside Israel.
Elbit CEO Bezhalel Machlis said the performance reflected “the significant contracts the company has secured across Europe and from customers worldwide,” driven by expanding defense budgets.
Israel accounted for over 33 percent of revenue, with Elbit supplying munitions, drones, guided rockets, and reconnaissance systems during the Israeli genocide of Palestinians in Gaza.
Sales to Europe, the world’s second-largest buyer of Israeli weapons, rose from $430 million to $536 million, comprising 28 percent of total revenue.
The company said 69 percent of its backlog comes from outside Israel and declared a quarterly dividend of $0.75 per share.
Separately, Elbit announced the largest contract in its history, a $2.3-billion deal with an undisclosed international buyer for weapons systems to be delivered over eight years.
The company did not reveal the customer or the type of systems being supplied, citing confidentiality.
Elbit Systems has also expanded its footprint across Europe, the Balkans, and the UK through a series of new agreements disclosed in recent months.
In Albania, the company is leading a government-to-government deal that includes ATMOS howitzers, SPEAR mortars, and Magni-X and Thor drones, and will assist the state-owned KAYO firm in establishing production lines and a new weapons plant.
Elbit deepened its presence in the country earlier this year through a flight-school agreement and is expected to support Albania’s goal of developing local drone manufacturing by 2027.
The firm has simultaneously continued to sign additional contracts worldwide, including Hermes 900 sales to Singapore and Brazil.
In the UK, Elbit is competing with Raytheon for a $2.7-billion Ministry of Defense contract that would make the company a “strategic partner” responsible for training 60,000 British troops annually.
The prospective agreement follows a separate $1.64-billion Elbit deal with Serbia and builds on the company’s existing role managing the Ministry of Defense’s Project Vulcan, a $75-million simulation-training program for tank crews.
Elbit subsidiaries in Britain have come under sustained protest, and Elbit’s central role in Israel’s war on Gaza has prompted renewed scrutiny, with the UN special rapporteur for Palestine noting that “for Israeli companies such as Elbit Systems … the ongoing genocide has been a profitable venture.”
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From the Archives
The lies about the 1967 war are still more powerful than the truth
By Alan Hart | June 4, 2012
In retrospect it can be seen that the 1967 war, the Six Days War, was the turning point in the relationship between the Zionist state of Israel and the Jews of the world (the majority of Jews who prefer to live not in Israel but as citizens of many other nations). Until the 1967 war, and with the exception of a minority of who were politically active, most non-Israeli Jews did not have – how can I put it? – a great empathy with Zionism’s child. Israel was there and, in the sub-consciousness, a refuge of last resort; but the Jewish nationalism it represented had not generated the overtly enthusiastic support of the Jews of the world. The Jews of Israel were in their chosen place and the Jews of the world were in their chosen places. There was not, so to speak, a great feeling of togetherness. At a point David Ben-Gurion, Israel’s founding father and first prime minister, was so disillusioned by the indifference of world Jewry that he went public with his criticism – not enough Jews were coming to live in Israel.
So how and why did the 1967 war transform the relationship between the Jews of the world and Israel? … continue
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