What did Elbit Systems (NASDAQ:ESLT) announce on February 18, 2026?

Elbit Systems was awarded contracts worth approximately $277 million by an international customer to supply its UT30MK2 30mm turrets and associated munitions. The agreement will be executed over a three-year period. This announcement followed another massive win just 24 hours earlier—a $435 million deal for advanced land systems and a new defense development program.

What makes the UT30MK2 turret unique for military customers?

The UT30MK2 is a "configurable" turret that features an open architecture design, allowing it to be used in both manned and unmanned modes. It can be easily converted between these configurations without a complete vehicle overhaul. Its very low profile reduces the battlefield silhouette of Armored Personnel Carriers (APCs) while packing significant firepower, including a 30mm main gun and anti-tank missiles.

How do these recent contracts affect Elbit Systems' order backlog?

As of late 2025, Elbit Systems reported a record-high order backlog of $25.2 billion. These latest wins, totaling over $712 million in just two days, continue to push that backlog higher. Roughly 66% of Elbit’s backlog is from international customers outside of Israel, providing the company with significant long-term revenue visibility through 2028 and beyond.

What weapons are integrated into the $277 million turret deal?

The contract includes the supply of the UT30MK2 turret system, which integrates a 30mm main gun, a coaxial 7.62mm machine gun, and fully integrated Anti-Tank Guided Missiles (ATGMs). The system is also designed to support Air Burst Munition (ABM) capabilities, which are increasingly critical for neutralizing "soft" targets and drones on the modern battlefield.

. Why is Elbit Systems seeing a surge in "Land Systems" contracts?

Global defense spending is shifting toward land-based modernization following recent conflicts that highlighted the need for upgraded armored fleets. Elbit is capitalizing on this "land rush" by offering "dual-use" technologies—systems that can be remotely operated (unmanned) to protect troops or manned when direct human control is required. Land revenues for the company grew by 48% in 2025 alone.

Elbit Systems wins $277M international turret contract

Elbit Systems secures $277M order for modular turret systems

Written by Isaac FrancisPublished Feb. 18 2026Last Updated Feb. 18 2026

Elbit Systems (NASDAQ:ESLT) announced on Feb. 18, 2026, that it has been awarded contracts totaling approximately $277 million by an unnamed international customer to supply 30mm turrets and associated munitions.

The agreement, which will be executed over a three-year period, further bolsters Elbit’s massive order backlog, which stood at a record $25.2 billion as of late 2025.

The centerpiece of the contract is the UT30MK2, a highly configurable turret designed for armored personnel carriers (APCs).

The system’s "open architecture" design is a key selling point for modern militaries, as it allows operators to toggle between manned and unmanned configurations without specialized workshop overhauls.

This flexibility, paired with a very low profile, reduces the vehicle's battlefield silhouette while significantly enhancing its lethality.

The UT30MK2 integrates a 30mm main gun with a coaxial 7.62mm weapon and fully integrated anti-tank guided missiles (ATGMs).

This latest win comes just one day after Elbit announced a separate $435 million suite of contracts for advanced land systems and defense development, signaling a period of rapid international expansion for the Haifa-based contractor.