Israeli defense company Elbit Systems has announced an unprecedented $2.3 billion contract with an undisclosed international client, marking the largest deal in its history. The agreement, spanning eight years, comes amid a surge in global demand for Israeli defense technology following the conflict in Ukraine. Elbit did not disclose the specific weapons systems involved or the identity of the buyer due to confidentiality agreements.

The announcement boosted Elbit's shares on the Tel Aviv Stock Exchange and contributed to a record order backlog of $23.8 billion, with most orders coming from international customers. The deal highlights the growing prominence of Israel's defense industry, which has secured several multi-billion-dollar contracts in recent years.