Today: 14 June 2026
Elbit shares rally 11.5% after Germany SkyStriker drone order
14 June 2026
2 mins read

Elbit shares rally 11.5% after Germany SkyStriker drone order

Berlin, June 14, 2026, 21:02 (CEST)

  • Elbit Systems and Diehl Defence reached a deal to team up on SkyStriker loitering munitions for the Bundeswehr. Both companies say they’ll shift some production to Germany if they win contracts.
  • SkyStriker is able to hold a warhead up to 10 kg, loiter for more than two hours and travel more than 200 km, the companies said.
  • Elbit shares jumped 11.5% Thursday, June 11, following news of the German deal and attention on a U.S. SIGMA howitzer partnership, Investors.com said.

Elbit Systems and Diehl Defence are working together to pitch the SkyStriker loitering munition to the German Armed Forces, after agreeing a strategic partnership at ILA Berlin. The deal would see production and support in Germany if the system is selected, the companies said. Diehl added that the agreement also involves local manufacturing, assembly, integration and qualification work in Germany.

SkyStriker is being marketed as a long-range, autonomous loitering munition built to locate, track and hit targets picked by an operator. Elbit and Diehl report the weapon can take a warhead up to 10 kg, stay in the air over two hours, and fly out past 200 km. It can launch from land vehicles, EuroPULS rocket systems, ships, containers or aircraft.

European defense firms are using ILA Berlin this week to win business from governments wanting to modernize and beef up their domestic supply chains. Reuters said manufacturers at the German show made their pitch with new tech for military buyers, as defense budgets surge. Aviation Week’s June 11 Daily Briefs put the Elbit-Diehl SkyStriker deal on its list of aerospace and defense news.

Elbit President and CEO Bezhalel Machlis said the firms want to deliver a “powerful and future-ready solution for the German Armed Forces.” Diehl Defence CEO Helmut Rauch said the deal would “strengthen Germany’s capabilities in this segment,” and pointed to Berlin’s drive for independent defense. Elbit Systems

Elbit Systems shares gained 11.5% Thursday, June 11, after the company said it’s teaming up with Diehl, according to Investors.com. The Israeli defense contractor also had its U.S. arm partner with Anduril Industries earlier in June, offering the SIGMA Mobile Tactical Cannon for the U.S. Army’s Self-Propelled Howitzer Modernization program.

Elbit’s latest U.S. partnership gives its land-systems drive a second track. Elbit Systems of America said it signed a June 2 teaming agreement with Anduril to combine Elbit America’s ground vehicle know-how with Anduril’s C5ISR, battle-management, and autonomy software. Oshkosh Defense is set to provide the 10×10 platform, with over 300 U.S. suppliers expected to back the project.

Luke Savoie, president and CEO of Elbit America, said teaming up with Anduril aims to “reduce network integration risk and accelerate fielding.” Michael Roder, managing director at Anduril, said the company will help deliver a “connected, software-defined mobile artillery solution.” Elbit is bringing together weapons, software, autonomy, and industrial partners in Germany and the U.S. Elbit America

Stock Market Today

  • Woodside Energy Shares Fall Amid Exxon Bid Speculation and Browse LNG Stake Increase
    June 14, 2026, 2:50 PM EDT. Woodside Energy shares dropped 0.92% to A$31.23 on the ASX on June 12, trailing the S&P/ASX 200's 1.98% rise. Woodside aims to buy PetroChina's 10.67% stake in the Browse LNG project, potentially raising its holding to 41.27%. Browse LNG is a major undeveloped gas resource vital for sustaining output at the aging North West Shelf LNG plant in Australia. The deal involves a US$225 million upfront payment and a possible US$175 million contingent payout pending final investment decision by 2032. Market reaction was muted amid concerns over the high capital commitment and project delays. Meanwhile, Exxon Mobil is reportedly considering acquisition options including Woodside, sparking takeover talk. Woodside CEO Liz Westcott described the purchase as a disciplined move aligned with their strategic LNG roadmap.

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Elbit shares rally 11.5% after Germany SkyStriker drone order

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Elbit Systems shares soared 11.5% on June 11 after announcing a partnership with Diehl Defence to jointly offer SkyStriker loitering munitions to the Bundeswehr, with German production planned if awarded, and after joining Anduril Industries on a U.S. Army howitzer program, drawing heightened investor attention.
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