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Inside this spotlight:
Elbit Systems books $710M+ in contracts across 48 hours
IAI CEO: order backlog on track to hit $30 billion
Defense Tech Expo: 50 Israeli companies, global delegations
RSL Electronics lands US Air Force deal inside $6M framework
Spacecom extends satellite agreements with Israeli government
Elbit Systems (TASE: ESLT) - $710M in 48 hours
Elbit had a historic two-day run last week. A $435 million contract on Monday for advanced defense systems, followed by another $277 million on Tuesday for its UT30 MK2 modular turrets and munitions, both to undisclosed international clients, which is standard for Elbit.
$710M+: Total contract value booked in 48 hours
$25 billion: Current order backlog
15.5%: Elbit share price increase on TASE year-to-date
UT30 MK2: Modular turret system with missile and observation integration capabilities
The stock has climbed 15.5% year-to-date, and it’s not hard to see why. These aren’t one-off wins, they’re consistent with an order pipeline that has been building for some time. The global rearmament wave is real, and Elbit is positioned directly in its path.
Israel Aerospace Industries - order backlog heading to $30 billion
IAI - Israel Aerospace Industries - is the state-owned company behind the Arrow missile defense system and some of Israel’s most strategic military platforms. This week, CEO Boaz Levy took the stage at the Defense Tech Expo with a significant signal: the order backlog is on track to hit $30 billion, with 80% of total activity now directed at international clients.
$30 billion: Projected order backlog
80%: Share of IAI’s activity going to international clients
Arrow 4 & 5: Next-generation missile defense systems currently in deep engineering development
The 80% international figure is worth sitting with. IAI started as a company built to defend one country, and it has effectively become a global defense contractor that happens to be headquartered in Tel Aviv.
Defense Tech Expo - Israel’s defense sector on display
Tel Aviv’s Expo center hosted about 50 Israeli defense companies last week, with international delegations in attendance. The showcase covered national security, cyber, battlefield intelligence, and AI-integrated hardware systems - a broad cross-section of what Israel’s defense industry looks like today.
~50: Israeli defense and security companies in attendance
Tondo Smart: Up ~72% over the past year on the back of an ₪8M Ministry of Defense contract
Massivit: Showcased new platform with drastically reduced production timelines for defense applications
The clear message from the expo floor was hard to miss; Israeli defense technology is combat-tested in a way that most other suppliers simply cannot claim - and foreign buyers know it.
RSL Electronics (TASE: RSEL) - Inside the US Air Force supply chain
RSL just received a ₪1.6 million order from the US Air Force to test and upgrade temperature controllers installed on T-38 Talon trainer jets. The T-38 is one of the most widely used jet trainers in the American military, so this is a niche but stable, recurring relationship.
₪1.6 million: Current order value
$6 million: Total five-year framework agreement with the US Air Force
$2.8 million: Additional follow-on orders anticipated in 2026
3.5%: Annual pricing update rate for each option year exercised
RSL isn’t a household name. But the US Department of Defense as a recurring client - inside a multi-year framework - is worth paying attention to regardless of the deal size.
Spacecom (TASE: SCC) - Securing Israel’s satellite backbone
Spacecom extended its satellite communication agreements with the Israeli government, covering the Amos-4 and Amos-17 satellites. A bit of context: Israel operates its own sovereign satellite network called the Amos constellation. The older Amos-3 is approaching end of life, so this extension is about ensuring continuity in secure government communications during the transition.
$8.4 million: Total contract value (approx. ₪26 million)
$5.4 million: Allocated to Amos-17 services over up to 12 months
$3 million: Allocated to Amos-4 services over a 9-month extension
0.6%: Spacecom share price gain year-to-date
It’s not a flashy deal. But it locks in Spacecom’s role as the backbone of Israel’s strategic satellite infrastructure at a particularly sensitive moment in the transition.
Sector Outlook
Elbit, IAI, RSL, Spacecom - four very different companies in terms of size and profile, all winning at the same time. The common thread is that Israel’s defense sector has spent decades building technology under real operational pressure, and that combat-proven credibility is now one of its most bankable export assets.
The global rearmament trend is structural and Israel’s position as a combat-tested supplier (with continuously iterated, field-proven systems) means the order pipeline may be larger than current analyst models are capturing.
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Disclaimer: This brief is for informational purposes only and does not constitute investment advice. All data current as of publication date.
