Elbit Systems launched the Hermes 650 Spark UAV, a higher-endurance, higher-payload platform for surveillance and reconnaissance, extending its Hermes-family portfolio in strategic ISR and defense missions.

Elbit Systems was awarded contracts totaling approximately $335 million by a European country to supply PULS rocket launchers, rockets, and Hermes 900 UAS with advanced payloads, underscoring strong export traction for its UAV and strike systems.

Elbit Systems received the 2024 Israel Defense Prize for three innovative defense technological systems, including battle management centers within the David’s Sling Air Defense System, highlighting top-tier national recognition for its R&D output.

Elbit Systems secured its first contract, worth $53 million, for the Crossbow unmanned turreted mortar system from a European client, demonstrating commercialization of new autonomous and remote-operated weapon platforms.

Elbit Systems reported 2024 revenues of approximately $6.83 billion, up around 14% year-over-year, with an order backlog of about $21.1 billion as of mid-2024, signaling very strong financial health and multi-year demand visibility.

Elbit’s multi-domain unmanned systems, notably the Hermes and Skylark UAV families, generated an estimated $1.2 billion in FY2024 unmanned revenues, roughly 23% of group sales, confirming UAVs as a core strategic business pillar.

The aerospace segment, which includes the Hermes family of unmanned aerial systems and precision-guided munitions, posted approximately 27% year-over-year revenue growth in Q4 2024, driven by UAS demand in Israel and Europe.

Elbit’s revenue and profit growth during 2024–2025 have been closely linked to increased demand associated with the Swords of Iron war and broader regional conflict dynamics, creating elevated operational tempo and sustained defense procurement.