🔴 Elbit Systems is trading 4.2% down in pre-market as midterm results raise concerns over defense spending

Elbit Systems is trading 4.2% down at $724.83 after U.S. midterm results triggered selling across defense stocks, with investors weighing whether Democratic control of Congress could constrain expected military spending.

• Morningstar reported declines among major U.S. and European defense companies; Reuters cited concerns that defense funding may fall short of expectations.
• No fresh company-specific catalyst surfaced in available coverage. Elbit Systems announced a $170 million IDF training-center contract on November 2, but that earlier news does not explain this morning’s decline.