<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>

埃爾比特系統

摩根士丹利指出，埃爾比特系統在全球國防支出上升的背景下，憑藉其多元化的產品組合和高增長市場的曝光，處於有利位置。該公司的訂單積壓達到 252 億美元，並有機會實現利潤率擴張。摩根士丹利預測，2025 年、2026 年和 2027 年的調整後每股收益分別為 12.63 美元、14.05 美元和 15.80 美元，並以平衡權重評級啓動覆蓋，目標價為 531 美元

摩根士丹利表示，埃爾比特系統有望從全球國防支出的增長中獲益