<div id="readability-page-1">11:14 AM EST, 12/11/2025 (MT Newswires) -- Elbit Systems' ( ESLT ) broad capability and exposure to high-growth markets position it to benefit from rising global defense spending, Morgan Stanley said in a Thursday note.The company's &#34;diversified portfolio of battle-tested&#34; offerings provides a solid &#34;proof-point&#34; for clients on product effectiveness, the firm said. It is likely to play an impactful role in Europe's Readiness 2030 initiatives, according to the note.Elbit's ( ESLT ) roughly $25.2 billion backlog position at the end of Q3 offers visibility into the company's revenue growth, analysts wrote.The company also has margin expansion opportunities based on a combination of economies of scale as it continues to ramp its topline, mix shift from growth in high-margin segments, and operational excellence measures, the brokerage stated.Morgan Stanley said it expects adjusted earnings per share of $12.63, $14.05, and $15.80 in 2025, 2026, and 2027, respectively, for Elbit ( ESLT ).The brokerage said it initiated coverage of the stock with an equalweight rating and a price target of $531 per share.Price: 517.01, Change: +16.29, Percent Change: +3.25 MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

埃尔比特系统

摩根士丹利指出，埃尔比特系统在全球国防支出上升的背景下，凭借其多元化的产品组合和高增长市场的曝光，处于有利位置。该公司的订单积压达到 252 亿美元，并有机会实现利润率扩张。摩根士丹利预测，2025 年、2026 年和 2027 年的调整后每股收益分别为 12.63 美元、14.05 美元和 15.80 美元，并以平衡权重评级启动覆盖，目标价为 531 美元

摩根士丹利表示，埃尔比特系统有望从全球国防支出的增长中获益