10 Best Performing Defense Stocks So Far in 2025

2. Elbit Systems Ltd. (NASDAQ:ESLT)

YTD Gains as of March 25: 56.94%

Elbit Systems Ltd. (NASDAQ:ESLT) is an Israel-based defense technology company whose share price has more than doubled over the past six months, with several high-value contracts bolstering investor sentiment. With year-to-date gains of nearly 57%, it is among the best performing stocks so far in 2025.

In November, Elbit Systems Ltd. (NASDAQ:ESLT) was awarded contracts worth $335 million to supply defense systems, including rocket launchers and unmanned aircraft, to a European country. In February, the Moroccan military also reportedly signed an agreement with the company for the purchase of self-propelled artillery.

According to reports last week, Elbit Systems Ltd. (NASDAQ:ESLT) has paired with Rafael to deliver an integrated maritime electronic warfare (EW) self-protection suite for frigates of certain NATO member states. The solution will combine cutting-edge decoy countermeasures and the DESEAVER MK-4 Naval Decoy Control & Launching System (DCLS) to enhance soft-kill defense capabilities.

On March 18, the company declared consolidated financial results for the fourth quarter of FY24. Elbit Systems Ltd. (NASDAQ:ESLT)’s revenue was reported at $1.93 billion, improving from $1.63 billion during the prior year’s period. Non-GAAP diluted EPS was logged at $2.66, beating estimates of $1.95 per share and up 71% year-over-year.

According to Insider Monkey’s database for Q4 2024, 15 hedge funds held a stake in the company, up from 13 at the end of the third quarter.