5 Best Industrial Stocks to Buy for the 2026 Infrastructure Boom

2. Elbit Systems Ltd. (NASDAQ:ESLT)

Short % of Shares Outstanding: 0.50%

Elbit Systems Ltd. (NASDAQ:ESLT) announced on April 22 that it had secured several contracts totaling approximately $200 million for the supply of advanced airborne munitions to the Israel Ministry of Defense during Operation “Roaring Lion.” CEO Bezhalel Machlis stated that the contracts reinforce the company’s technological leadership in air-launched weapon systems and highlight its longstanding partnership with the Israeli defense establishment. The agreements also underscore continued demand for precision-guided and mission-critical defense technologies as geopolitical tensions and military modernization initiatives continue driving global defense spending.

Earlier, on April 13, JPMorgan raised its price target on Elbit Systems Ltd. (NASDAQ:ESLT) to $930 from $580 while maintaining a Neutral rating on the shares. The firm noted that defense-sector sentiment and geopolitical developments remain major drivers of aerospace and defense stock performance, while original equipment manufacturers and engine suppliers appear relatively insulated from broader volatility. The sizable target increase reflects improving expectations for defense procurement activity and sustained demand across the aerospace and military systems markets.

Elbit Systems Ltd. (NASDAQ:ESLT) is an international defense electronics and high-technology company specializing in aerospace, land, naval, unmanned aircraft, and electronic warfare systems. Founded in 1966 and headquartered in Haifa, the company develops advanced defense technologies for governments and military organizations worldwide. Its product portfolio includes precision-guided systems, surveillance solutions, communications technologies, and integrated battlefield management platforms.

The company’s growing defense contract backlog and strong positioning in advanced military technologies may continue supporting revenue visibility and long-term earnings growth.