# Defense industry financial growth and order backlogs

> Live situation record from CLSTR: https://clstr.news/situations/defense-industry-financial-growth-and-order-backlogs
> Updated: 2026-08-21T18:00:32.000Z. Sources: 3. Developments: 2.

Defense manufacturers Elbit Systems and Elmet Group have reported significant financial growth and record-high order backlogs.

Elbit Systems reported a 40% rise in net profit to $173.6 million for the second quarter, with an order backlog reaching $32 billion. This growth was driven by a 32% increase in land systems sales due to munitions demand in Israel, as well as increased sales in C4I, cyber, and electronic warfare sectors across Europe and the Asia-Pacific region.

Similarly, Elmet Group reported a 35.2% increase in second-quarter revenue to $66.4 million and a record order backlog of $131.5 million. The company attributed its growth to organic demand in the aerospace and defense sectors and higher prices for raw materials such as tungsten and molybdenum.

## Timeline

### 2026-08-21: Elmet Group reports 35% revenue growth and record defense backlog

Elmet Group Co. reported Q2 2026 revenue of $66.4 million, a 35.2% increase, driven by defense demand and rising raw material prices, alongside a record $131.5 million order backlog.

3 sources. https://clstr.news/cluster/elmet-group-reports-35-revenue-growth-and-record-defense-backlog

### 2026-08-10: Elbit Systems reports record $32 billion backlog and 40% profit rise

Elbit Systems reported a record $32 billion order backlog and a 40% increase in net profit, driven by rising demand for munitions, electronic warfare, and command-and-control systems.

3 sources. https://clstr.news/cluster/elbit-systems-reports-record-32-billion-backlog-and-40-profit-rise

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Cite as: Defense industry financial growth and order backlogs. CLSTR, https://clstr.news/situations/defense-industry-financial-growth-and-order-backlogs