Elbit Systems Ltd.

elbitsystems.com

High-Tech Company
Public Company

(TASE: ESLT), (NASDAQ GS: ESLT)

TECH VERTICALS

Defense Tech Automotive, Computer Vision, Cyber Security, Drones, Electric Vehicles, Electro Optics, Forensics, Homeland Security, Machine Vision, Metamaterials, Military, Robotics, SpaceTech, Thermal Imaging Technologies, UAV, Upstream

General Data

Sector	Network Infrastructure
Company Stage:	Revenue Growth
Established	1966
Number of Employees	15,000
Reg. Number:	abCDe

DESCRIPTION

Elbit Systems is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The Company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, ommunications, computers, intelligence surveillance and reconnaissance ("C4ISR"), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence systems, data links and communications systems, radios, cyber-based systems and munitions. The Company also focuses on the upgrading of
existing platforms, developing new technologies for defense, homeland security and commercial applications and providing a range of support services, including training and simulation systems.

TECHNOLOGY

Elbit Systems tailor and adapt their technologies, integration skills, market knowledge and operationally-proven systems to each customer’s individual requirements in both existing and new platforms. By upgrading existing platforms with advanced technologies, we provide customers with cost-effective solutions, and our customers are able to improve their technological and operational capabilities within limited budgets. They are experienced in providing “systems of systems”, which enables us to provide overall solutions in a range of areas to meet our customers’ comprehensive defense, homeland security and safety needs.
Elbit Systems is a world leader in defense electronics & electro-optical systems and products. Maintaining its position in this highly competitive market is accomplished by skillful investments in R&D, developing cutting edge technologies in specific niche areas accompanied by technological breakthroughs and achievements by its strategic business units. Gross R&D expenses are set high above industry standards at about 9% of annual revenues, a figure reflecting corporate commitment to innovation and technological breakthroughs.

Elbit develops GroundEye their high-resolution, wide area panoramic ground persistent video surveillance system brings surveillance and security to the next level. GroundEye continuously monitors, records and analyzes large footprint areas, intercepts events and maintains constant surveillance of multiple regions of interest. Installed on high masts, towers or as a mobile configuration, GroundEye provides operators with information and tools that were previously unavailable or difficult to obtain, adding another dimension to the overall situational awareness.

ESTIMATED ANNUAL SALES

Year	Amount
2024	500
2023	490
2022	480
2021	470
2019	460
2018	450
2017	440

	TARGET MARKETS
	Armed Forces, Air Forces, Government Authorities, Militaries, Homeland Security Agencies

	BUSINESS MODEL
	B2B

AFFILIATION

Account ID	Affiliation Type	Name	Parent Name	Status
0CD87FD8-1F7A-E111-AC59-00155D32A403		Elbit Systems Ltd.
54828DCC-1F7A-E111-AC59-00155D32A403		Pearls of Wisdom Advanced Technologies Ltd.	Elbit Systems Ltd.
4AAABF32-905A-E411-B8A5-80C16E7D3630	Spin-off	Everysight Ltd.	Elbit Systems Ltd.
90CC77DE-1F7A-E111-AC59-00155D32A403	Spin-off	MediGuide Ltd.	Elbit Systems Ltd.	Acquired/Merged
9ED01E2C-207A-E111-AC59-00155D32A403	Spin-off	BrightWay Vision (BWV) Ltd.	Elbit Systems Ltd.
E367BFCC-21E4-E411-B68E-080027005CC8	Spin-off	Cyberbit Inc.	Elbit Systems Ltd.
	Subsidiary	Cyclone Aviation Products Ltd.	Elbit Systems Ltd.
	Subsidiary	Elbit Systems of America LLC	Elbit Systems Ltd.
09CE5FF0-1F7A-E111-AC59-00155D32A403	Subsidiary	Elbit Systems BMD and Land EW - Elisra Ltd.	Elbit Systems Ltd.
1096093E-207A-E111-AC59-00155D32A403	Subsidiary	Elbit Systems - Rokar Ltd.	Elbit Systems Ltd.
147B50A7-227A-E111-AC59-00155D32A403	Subsidiary	Elbit Systems C4I and Cyber Ltd.	Elbit Systems Ltd.
2FCA67EA-1F7A-E111-AC59-00155D32A403	Subsidiary	Elbit Security Systems Ltd.	Elbit Systems Ltd.
3ADC6360-2E02-E211-A13F-00155D32A408	Subsidiary	Incubit Technology Ventures Ltd.	Elbit Systems Ltd.
461A7F2D-E0BC-ED11-B811-00505695CD29	Subsidiary	Meep Advanced Enterprise Communication Ltd. (Synch)	Elbit Systems Ltd.
6A9C410E-207A-E111-AC59-00155D32A403	Subsidiary	Silver Arrow Ltd.	Elbit Systems Ltd.	Acquired/Merged
73D957F6-1F7A-E111-AC59-00155D32A403	Subsidiary	Elbit Systems EW and SIGINT – Elisra Ltd.	Elbit Systems Ltd.
94F756F1-9D6F-E811-80E4-00155D0B832C	Subsidiary	Beyeonics Surgical Ltd.	Elbit Systems Ltd.
A99B410E-207A-E111-AC59-00155D32A403	Subsidiary	Mitam Advanced Technologies (1999) Ltd.	Elbit Systems Ltd.	Acquired/Merged
AECBDC79-7F43-EB11-810C-0050569A1018	Subsidiary	Hydrolite Ltd.	Elbit Systems Ltd.
B6B822E3-7F46-E611-BD22-80C16E7D3630	Subsidiary	Elbit Transportation	Elbit Systems Ltd.	Ceased
B79B410E-207A-E111-AC59-00155D32A403	Subsidiary	Kinetics Ltd.	Elbit Systems Ltd.
C5CEAE74-8479-E611-9113-80C16E7D3630	Subsidiary	Elbit Systems Sigmabit Ltd.	Elbit Systems Ltd.
E3D957F6-1F7A-E111-AC59-00155D32A403	Subsidiary	Tadiran Communications Ltd.	Elbit Systems Ltd.	Acquired/Merged
5EB635DD-5124-EC11-B80D-00505695CD29	Spin-off	Beyeonics Vision Ltd. (Beyeonics One)	Beyeonics Surgical Ltd.
75AB3914-207A-E111-AC59-00155D32A403	Spin-off	TadSec Advanced Homeland Security Technologies Ltd.	Elbit Systems BMD and Land EW - Elisra Ltd.	Ceased
96767B45-F61C-E211-BEEC-00155D32A408	Division	Elbit Energy	Elbit Systems C4I and Cyber Ltd.	Ceased
67D77FD8-1F7A-E111-AC59-00155D32A403	Spin-off	Dekolink Wireless Ltd. (now Axell Wireless Israel)	Elbit Systems EW and SIGINT – Elisra Ltd.	Acquired/Merged
268B4908-207A-E111-AC59-00155D32A403	Subsidiary	Bankom Security Systems Ltd.	Elbit Systems EW and SIGINT – Elisra Ltd.	Ceased
4EAA3914-207A-E111-AC59-00155D32A403	Subsidiary	Stellar Satellite Communications Ltd.	Elbit Systems EW and SIGINT – Elisra Ltd.	Acquired/Merged
77CE5FF0-1F7A-E111-AC59-00155D32A403	Spin-off	Tadlys Ltd.	Tadiran Communications Ltd.	Ceased
	Subsidiary	Talla Com	Tadiran Communications Ltd.
	Subsidiary	Telefunken Racoms	Tadiran Communications Ltd.
424852FC-1F7A-E111-AC59-00155D32A403	Subsidiary	Scopus Video Networks Ltd.	Tadiran Communications Ltd.	Acquired/Merged
69C967EA-1F7A-E111-AC59-00155D32A403	Subsidiary	Snapshield Ltd.	Tadiran Communications Ltd.	Acquired/Merged

SERVICE PROVIDERS

Company Name	Type
abC Defghij	Law Firm
abC Defghij	Accounting Firm
abC Defghij	Law Firm

CONTACT INFO

Expand / Collapse All

Main Address: Haifa, Israel

Address	MATAM - Advanced Technology Center
POB	539
City	Haifa
Country	Israel
Zip	3100401

Contact Person	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

Branch Address: Nof Hagalil, Israel

City	Nof Hagalil
Country	Israel

Contact Person	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

	MANAGEMENT

Key Executive

Name	Title	Previous Position
Mr. Bezhalel Machlis	President & CEO
Dr. Kobi Kagan	EVP, CFO
Mr. Jonathan Ariel	EVP & Chief Legal Officer
Mr. Yehoshua Yehuda	EVP & CTO	Elisra - A member of Elbit Systems (CTO)
Mr. David Block-Temin	EVP, Chief Compliance Officer & Senior Counsel
Mr. Haim Daniel Delmar	EVP & General Manager, C4I & Cyber Division
Ms. Shelly Gordon	EVP, Human Resources
Mr. Raanan Horowitz	President & CEO – Elbit Systems of America
Mr. Uri Kaplan	Director of Open Innovation & Digital Transformation
Mr. Ran Kril	EVP, International Marketing & Business Development
Mr. Zeev Gofer	EVP, Strategic & Business Development - North America
Mr. Ilan Pacholder	EVP, Mergers & Acquisitions & Financing
Mr. Yuval Ramon	EVP, COO
Mr. Yoram Shmuely	EVP & General Manager– Aerospace Division
Mr. Yehuda Vered	EVP & General Manager - Land and C4I Division	Elbit Transportation (EVP and General Manager - Land and C4I Division)
Ms. Karin Golding	Director of Business Development & Programs, Fixed Wing HMS Business Unit, Aerospace Division	KiloLambda (VP, Marketing & Business Development)
Dr. Ariela Donval	Director of AOF, Engineering, Aerospace Division

	BOARD

Board

Member	Title	Affiliation
abC Defghij	Chairman	Chairman & CEO, Federmann Enterprises Ltd.
abC Defghij	Vice Chairman	Chairman, Freiberger Compound Materials
abC Defghij	Board Member	Director and General Manager, Unico Investment Company
abC Defghij	Board Member	Former CEO, Clalit
abC Defghij	Board Member	Strategic Advisor
abC Defghij	Board Member	Former MP
abC Defghij	Board Member	CFO & Manager, Federmann Enterprises

Public Offerings

Deal Date	Type of Offering	Exchange	Amount Raise	Valuation	Remarks
May. 21, 2025	Fifth Public Offering	NASDAQ GS	abCDe	abCDe	$76.8m from the Underwriters exercised option to purchase additional shares (green shoe option).
Jun. 08, 2010	Fourth Public Offering	NASDAQ GS	abCDe	abCDe	In debentures.
Sep. 24, 1997	Third Public Offering	NASDAQ GS	abCDe	abCDe
Nov. 27, 1996	Second Public Offering	NASDAQ GS	abCDe	abCDe	Stock split
Jan. 01, 1978	IPO	TASE	abCDe	abCDe

	FINANCIAL ROUNDS

Total Capital Raised
abCDe

Financial Rounds

Numbers of Investors

Expand / Collapse All

Round

Date

Stage

Amount

Valuation

Debt Financing

Jul. 05, 2021

Revenue Growth

abCDe

PIPE

Apr. 09, 2019

Revenue Growth

abCDe

NIS 665m

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Institutional Investor	abCDe
abC Defghij	Institutional Investor	abCDe
abC Defghij	Institutional Investor	abCDe
abC Defghij	Institutional Investor	abCDe
abC Defghij	Institutional Investor	abCDe

PIPE

May. 08, 2012

Revenue Growth

abCDe

Buyout

Dec. 04, 2006

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Investment Company	abCDe	Acquired additional 1.9% of the company from Koor ($25m); Currently holds 46.1% of the company shares

Buyout

Nov. 22, 2006

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Investment Company	abCDe	Acquired 5.5% of the company from Koor ($70m)

Other

Dec. 27, 2004

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Holding Company	abCDe	Acquired 9.8% of the company from Federmann Enterprises for $99m; On 23/11/06 sold 5.5% of Eblit's shares to Federman Holdings for $70m, 5/12/06 sold remaining 1.9% for $29.4m

Buyout

Jul. 08, 2004

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Investment Company	abCDe	Acquired Elron's share (19.6%) for $197m; sold 9.8% to Koor for $99m

Other

abCDe

* New investor

Investor	Type	Amount	Remarks
abC Defghij	Investment Company	abCDe	Sold its holding (19.6%) to Federmann Enterprises for $197m
abC Defghij	Investment Company	abCDe	In-kind payment for time-limited exclusive rights

	R&D Grants

Expand / Collapse All

Round

Date

Stage

Amount

Remarks

R&D Grant

Jun. 01, 2024

Revenue Growth

abCDe

R&D Grant

Mar. 01, 2022

Revenue Growth

abCDe

R&D Grant

Dec. 19, 2019

Revenue Growth

abCDe

Co-op with Ballard Unmanned Systems Inc. (Southborough, MA).

R&D Grant

Dec. 30, 2015

Revenue Growth

abCDe

Co-op with Tyvak Nano-Satellite Systems (Irvine, CA).

R&D Grant

Dec. 31, 2012

abCDe

R&D Grant

Nov. 11, 2009

abCDe

R&D Grant

Jun. 01, 2007

abCDe

R&D Grant

Jun. 01, 2006

abCDe

R&D Grant

Jun. 28, 2005

abCDe

R&D Grant

Jun. 28, 2004

abCDe

R&D Grant

Feb. 29, 2004

abCDe

R&D Grant

Jun. 30, 2003

abCDe

R&D Grant

Jun. 01, 2003

abCDe

	Acquisitions made by Elbit Systems

Acquired Company	Sector	Date	Amount	Remarks
abC Defghij	Hardwa...	Jan. 22, 2026	abCDe
abC Defghij	Hardwa...	Apr. 01, 2021	abCDe	Acquired from BAE Systems Inc., In cash.
abC Defghij	Hardwa...	Mar. 13, 2019	abCDe
abC Defghij	N/A	Aug. 19, 2018	abCDe
abC Defghij	N/A	Apr. 11, 2018	abCDe
abC Defghij (Partial Sale)	Enterp...	May. 21, 2015	abCDe	Sold its Cyber and Intelligence Division for $117.9m in cash; An additional amount of up to $40m will be paid as earn-out, based upon the future business performance of the acquired division's activities.
abC Defghij	Enterp...	Jun. 01, 2011	abCDe
abC Defghij	Networ...	Mar. 31, 2011	abCDe	Acquired the remaining 30% of the company from IAI for $67.5m
abC Defghij	N/A	Dec. 30, 2010	abCDe
abC Defghij	N/A	Dec. 30, 2010	abCDe
abC Defghij	N/A	Dec. 15, 2010	abCDe	Through its US subsidiary
abC Defghij	Hardwa...	Oct. 18, 2010	abCDe	Elbit Systems now owns 87.85% of ITL.
abC Defghij	Hardwa...	Oct. 18, 2010	abCDe	Along with its parent company ITL Optronics
abC Defghij (Partial Sale)	N/A	Sep. 02, 2010	abCDe	Companies included: Soltam, Saymar and ITL.
abC Defghij	N/A	Jun. 01, 2010	abCDe
abC Defghij	Networ...	Jan. 25, 2010	abCDe	Acquired 81% after acquiring 19% of the company in 10/2008.
abC Defghij	Enterp...	Jul. 20, 2009	abCDe	In cash.
abC Defghij (Partial Sale)	Hardwa...	Apr. 07, 2009	abCDe	Additional 49%, completed full takeover, in cash.
abC Defghij	Networ...	Feb. 24, 2009	abCDe	Through its Elbit Systems Land and C4I - Tadiran subsidiary
abC Defghij	N/A	Nov. 11, 2008	abCDe
abC Defghij	Hardwa...	Jun. 30, 2008	abCDe
abC Defghij	Networ...	Nov. 07, 2007	abCDe
abC Defghij	N/A	Jul. 26, 2007	abCDe
abC Defghij	Networ...	Jul. 06, 2005	abCDe	Acquired 70% of the company from Koor for $70m; 03/2011: acquired the remaining 30% of the company from IAI for $67.5m
abC Defghij	Hardwa...	Jun. 01, 2001	abCDe
abC Defghij	Hardwa...	Jul. 06, 2000	abCDe	Formed Elbit Systems Electro-Optics ELOP Ltd. Reg # 512875071
abC Defghij	Hardwa...	Jun. 01, 2000	abCDe	1998: acquired 34% of Kinetics; 2000: exercised an option to increase its stake to 51%; 04/2009: completed its full takeover of Kinetics for $110m in cash.
abC Defghij	Hardwa...	Jan. 01, 1999	abCDe
abC Defghij	Hardwa...	Jun. 01, 1997	abCDe
abC Defghij	Networ...	Jun. 01, 1994	abCDe

	PORTFOLIO COMPANIES

Current Portfolio Companies (15)

Company Name

Sector

Round/Deal Type

Date Announced

Investor Amount

Total Deal Amount

Remarks

Beyeonics One

First Round

12/09/2021

N/A

$13m

Beyeonics Surgical

Second Round	21/07/2021	N/A	$13m
First Round	13/06/2018	N/A	$11.5m

BWV

BWV provides multi-functional vision & ranging system for the automotive industry, based on active gated imaging, enabling unmatched performance in night, day and inclement weather. The company introduces Enhanced Driver Vision (EDV) and is an enabler for Enhanced Computer Vision (ECV) in inclement weather and poor light conditions, which supports robust & simplified ADAS and autonomous computation for all driving conditions. BWV's technology provides more robust ADAS functionality and is a crucial part to achieve class 4 & class 5 levels of automated driving.

HW & Indust.

Second Round	25/06/2019	N/A	$25m
First Round	01/01/2011	N/A	N/A

Capital Nature

N/A

Investment in Fund	07/07/2019	N/A	$6m
Investment in Fund	08/01/2018	N/A	$10m
Investment in Fund	01/01/2012	N/A	N/A

Civan Lasers

Civan is a danufacturer of an industrial fiber laser system, designed to improve precision welding and material processing. The company offers dynamic beam profiling with coherent beam combining and optical phase array architectures, enabling manufacturers in electric vehicle production, shipbuilding and wind tower fabrication to achieve higher weld quality, higher efficiency and lower CO2 emissions.

Semicon.

First Round

03/12/2017

N/A

$2m

Cyberbit

Ent. SW

Seed

01/03/2015

N/A

Everysight

HW & Indust.

Seed

01/01/2014

$3m

GreenVibe

HW & Indust.

Seed - Extended

16/04/2021

N/A

$3.8m

Incentive

N/A

Investment in Fund

22/02/2022

N/A

$90m

Incubit

N/A

Investment in Fund

23/07/2012

N/A

Kinetics

HW & Indust.

Partial Sale

07/04/2009

$110m

NICE

Ent. SW

Partial Sale

21/05/2015

$157.9m

Pearls of Wisdom

Network Infra.

First Round

01/12/2010

N/A

$18m

SCD

SCD is specializing in the development and manufacture of cooled and uncooled infrared detectors. The company's Cardinal 1280 SWIR detector is known for its particularly high sensitivity in the SWIR range and includes a built-in capability for asynchronous laser pulse detection (ALPD). This technology enables high-precision laser dot imaging, even when the laser is not synchronized with the camera frame rate and in poor visibility conditions. SCD's detector is characterized by advanced technical features and a rugged design that allows for seamless integration and reliable operation on a wide range of platforms.

HW & Indust.

First Round

01/06/1986

N/A

Holds 50% of the company

Vive X Israel

HTC's Vive X program is a 4 month program that help cultivate, foster and grow the global VR and AI ecosystem by supporting startups and providing them with education, investment and mentorship.

N/A

Investment in Fund

20/08/2018

N/A

Exits (6)

Company Name	Exit Type	Date Announced	Amount	Remarks
abC Defghij	IPO	27/08/2025	abCDe	NIS 40m; Post-money valuation NIS 170m. The final amount may reach NIS 88m if all options are exercised.
abC Defghij	Acquired	25/01/2010	abCDe	Acquired 81% after acquiring 19% of the company in 10/2008.
abC Defghij	Acquired	18/10/2010	abCDe	Elbit Systems now owns 87.85% of ITL.
abC Defghij	Acquired	22/12/2008	abCDe	$283m in cash; assumption of net liabilities: $17m.
abC Defghij	Acquired	25/11/2025	abCDe	In cash.
abC Defghij	Acquired	07/11/2007	abCDe

Historic Portfolio (3)

Company Name

Sector

Round/Deal Type

Date Announced

Investor Amount

Total Deal Amount

Remarks

AlphaMirror

Ceased to Operate

HW & Indust.

First Round

01/10/2005

N/A

$2.3m

G-Nius

Ceased to Operate

HW & Indust.

Seed

01/06/2008

N/A

Mikal Group

Ceased to Operate

N/A

Partial Sale

02/09/2010

$89m

Last Updated:	abCDe
IVC Number:	abCDe