- S&P Global Ratings Maalot upgrades Elbit Systems' (ESLT, Financial) long-term rating to 'ilAA+' with a stable outlook.
- Reaffirms short-term rating as 'ilA-1+', highlighting strong operational performance and record-high backlog.
- Rising demand due to geopolitical conflicts boosts Elbit's market position and financial stability.
S&P Global Ratings Maalot has upgraded Elbit Systems Ltd.'s (NASDAQ: ESLT) long-term credit rating to 'ilAA+' with a stable outlook, while reaffirming the short-term rating at 'ilA-1+' on the local scale. This rating update applies to the company's Series B, C, and D Notes and its Commercial Paper, underscoring improved financial standing and creditworthiness.
The upgrade reflects Elbit Systems' strong operating performance and a record-high backlog, attributed to the rising demand for its advanced defense technologies amid escalating geopolitical tensions. The improved ratings indicate Elbit's robust ability to meet its financial commitments and sustained growth potential within the defense sector.
Elbit Systems, a key player in the global defense industry, reported $1.9 billion in revenues for the first quarter of 2025 and maintains an order backlog of $23.1 billion as of March 31, 2025. This financial strength is complemented by its extensive workforce of approximately 20,000 employees across multiple countries.
