ESLT is trading 4.5% up at $765.29 today, driven by a positive outlook following reports of a significant increase in Israel's defense budget. - Israel's Ministry of Finance has reportedly lifted objections to a $14.7 billion defense budget injection, raising the 2026 defense budget to $62.9 billion. - This substantial budget enhancement is expected to benefit Elbit Systems through increased procurement of munitions, interceptors, and other defense systems. - The upward move comes despite earlier reports of potential production halts due to a prior budget deadlock, which investors appear to be largely overlooking given the new positive development.