U.S. stocks move: Elbit Systems rises 3.7% pre-market due to earnings growth and strong order backlog

Glonghui May 28｜Israeli defense technology company Elbit Systems (ESLT.US) rose 3.7% pre-market to $859.68. The company’s pre-market increase is mainly driven by better-than-expected Q1 results, a historic order backlog of over $30 billion, and a series of major new orders in recent months. The CFO expects the full-year revenue growth target for 2026 to be in the "mid-teens" percentage range, and noted that the land business will continue to lead revenue expansion, with ISR and C4I demand also remaining strong. The company's growth certainty as a global leader in defense technology is being continually confirmed by the market.