Elbit Systems Ltd recorded robust financial expansion in 2025, driven by a 16.3% rise in revenues to $7.94 billion and a sharp 37.3% increase in operating income to $671 million. Growth was fueled primarily by surging demand from the Israeli Ministry of Defense and international customers amid heightened geopolitical tensions in the Middle East and Ukraine. The company’s $28.1 billion order backlog, with over 70% from outside Israel, reflects sustained momentum, though supply chain risks from regional conflicts and protectionist trade policies remain challenges. Elbit’s capital allocation shows disciplined reinvestment with $226 million capex and moderate dividends, underpinning a healthy 12.9% return on equity.