Elbit Systems
Israeli international defense electronics company developing, manufacturing, and integrating advanced military technology and defense systems.
Company Type
public
Founded
1966
Headquarters
Haifa, Israel
Stock
TASE, NASDAQ: ESLT
About Elbit Systems
Elbit Systems operates as a defense electronics company providing advanced military technology and defense systems. The company's business encompasses aerospace systems, land systems, naval systems, command and control systems, intelligence solutions, and cyber defense technologies.
The company's business model is based on defense contracts, government procurement, and international military sales. Elbit generates revenue through system development, manufacturing, integration, maintenance, and upgrade services for defense customers worldwide.
Elbit serves defense forces and government agencies globally, with Israel being its single largest market, followed by Europe and North America. The company's diverse portfolio includes unmanned aircraft systems, armored vehicle upgrades, electronic warfare systems, and advanced communications equipment.
History of Elbit Systems
Elbit Systems was founded in 1966 by Elron Electronic Industries and Israel's Ministry of Defense under the name 'Elbit Computers Ltd.' The company was established to develop computers and electronics for the Israeli military, with its first product being a minicomputer named 'Elbit 100.'
In 1970, Control Data Corporation acquired the Israeli government's interest in Elbit Computers for $1 million and marketed the company's products worldwide. Elbit had its initial public offering on the Tel Aviv Stock Exchange in 1978 and continued developing minicomputers through the early 1980s.
During the 1980s, the company refocused on defense electronics, developing systems for the Lavi fighter jet and Merkava tank. In 1996, Elbit was spun off into three independent companies: Elbit Medical Imaging, Elbit Systems, and Elbit.
In 2000, Elbit Systems merged with El-Op, creating the largest non-governmental defense electronics company in Israel. Following this merger, the company acquired several defense companies including Elisra, assets of Israel Military Industries' Aircraft Systems Division, and Mikal Ltd.
In 2018, Elbit completed its acquisition of IMI Systems, further expanding its defense capabilities. By 2022, the company reported having 18,407 total employees, with most based in Israel and 3,675 in the United States.
Brands Owned by Elbit Systems
Elbit Systems owns 0 brands in our database.
Stock Information
Elbit Systems Ownership: Pros & Cons
Advantages
- +Established market leadership in defense electronics with global presence
- +Long-term relationships with defense customers and government agencies
- +Comprehensive portfolio covering multiple defense domains
- +Strong R&D capabilities in advanced military technologies
- +Recurring revenue through maintenance, upgrades, and support services
Considerations
- -Dependency on defense spending and government procurement cycles
- -Geopolitical tensions affecting international defense sales
- -Regulatory scrutiny and export controls on military technology
- -Ethical considerations and public opposition to defense industry activities
- -Competition from other major defense contractors globally
Frequently Asked Questions About Elbit Systems
Is Elbit Systems owned by another company?
No, Elbit Systems is an independent publicly traded company with no parent organization. The company operates independently with shares traded on both TASE and NASDAQ exchanges.
Is Elbit Systems publicly traded?
Yes, Elbit Systems is publicly traded on both the Tel Aviv Stock Exchange (TASE) and NASDAQ under the ticker symbol ESLT. The company has been publicly traded since its IPO on TASE in 1978.
When was Elbit Systems founded?
Elbit Systems was founded in 1966 by Elron Electronic Industries and Israel's Ministry of Defense under the name 'Elbit Computers Ltd.' The current Elbit Systems was created in 1996 when the original company was spun off.
Who founded Elbit Systems?
Elbit Systems was founded through a partnership between Elron Electronic Industries and Israel's Ministry of Defense. The company was established to develop computers and electronics for the Israeli military.
What is Elbit Systems' market position?
Elbit Systems maintains a strong position in the global defense electronics market as Israel's largest non-governmental defense company. The company serves defense customers worldwide and reported revenues of $6.8 billion in 2024.
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