Why These Defense Stocks Are Gaining This Week

7. Elbit Systems Ltd. (NASDAQ:ESLT)

Weekly Gains: 7.11%

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 over this period strengthening investor sentiment toward the stock.

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.

Elbit Systems Ltd. (NASDAQ:ESLT)’s shares have surged by over 7% in the past week. It is among the defense stocks that are gaining this week.