Elbit Systems Earns Credit Upgrade from S&P Maalot Amid Soaring Demand

Elbit Systems announced today that S&P Global Ratings Maalot Ltd., the Israeli affiliate of S&P Global Ratings, has upgraded the company’s long-term credit rating to “ilAA+” (local scale) with a stable outlook. The upgrade applies to Elbit’s Series B, C, and D notes, reflecting increased confidence in the defense contractor’s financial stability and growth prospects.

Additionally, Maalot reaffirmed Elbit’s short-term credit rating of “ilA-1+” (local scale) for its commercial paper, citing robust operational performance.

In its rating report, Maalot noted: “Elbit is posting strong operating performance with a record-high backlog due to escalating geopolitical conflicts leading to high demand for its products.”

The report highlights how the global surge in military tensions, particularly in regions like Eastern Europe and the Middle East, has fueled demand for Elbit’s defense technologies, strengthening its market position and financial outlook.

Maalot’s full rating report in Hebrew was submitted to the Israel Securities Authority and the Tel Aviv Stock Exchange, while an unofficial English translation has been filed with the U.S. Securities and Exchange Commission on Form 6-K.

Elbit Systems, one of Israel’s largest defense companies, develops advanced military systems including unmanned platforms, electronic warfare solutions, and precision-guided weaponry. The rating upgrade signals increased investor confidence and may help reduce future borrowing costs for the company.