Elbit Systems

SEC Form 3 (Michael Federmann, filed 2026-03-18) discloses 19,318,508 ordinary shares held indirectly via a chain -- Heris Aktiengesellschaft -> Federmann Enterprises Ltd -> Beit Federmann Ltd -> Beit Bella Ltd/Beit Yekutiel Ltd -- which secondary aggregators (WallStreetZen) compute as ~41.3% of shares outstanding and describe as the block giving the Federmann family board control. The same filing separately discloses a narrower ~25.7% collective indirect economic interest for Federmann and his sons and ~5.13% for Michael Federmann personally -- those are per-person/economic-interest figures, not the block's share of ordinary shares, so pct here uses the block total. Federmann Enterprises has no separate dossier in this corpus, so parent_slug is left unset.

Every exposure is read as a buyer dependency; the top 3 are its binding chokepoints.

Dossier discloses a dysprosium, terbium or samarium material exposure directly — A61 §1(2) names Dy/Tb-containing NdFeB and SmCo magnets by element.

A61's suspension (Announcement 70) lapses 10 Nov 2026 — on the plain text, controls revive automatically. The US DoD CN/RU/IR/KP sourcing bar follows 1 Jan 2027. See the underlying extraterritorial export-control action. We supply the provenance file; we never compute your ratio for you.

As a buyer, policy pressure across its consumed materials is rising.

Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.

🇪🇸 ES accounts for 100% of severity-weighted pressure.