Global Expansion and Business Achievements

17 | 2023 Elbit Systems Proprietary Europe | Defense budgets growing Total European Defense Spend (US$ Bn) 500 450 433 440 400 405 414 423 388 400 361 334 350 319 306 300 250 200 150 100 50 0 2020 Source: JANES 2021 2022 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F Recapitalizing armed forces and the defense industrial base Elbit Systems™

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