Elbit Systems stock surges to record high, reaches $592

Elbit Systems stock has opened 2026 at a record high, rising 2.5% to nearly $592 on Wall Street, with a market cap of $27.5 billion. The defense electronics company's record order backlog of $25.2 billion and increasing defense budgets worldwide have boosted its stock by 124% in 2025. Elbit Systems is controlled by Mikey Federmann's Federmann Industries with a 42.2% stake worth around $11.6 billion.