Elbit Systems ( (IL:ESLT) ) has shared an update.
Elbit Systems reported strong financial results for the fourth quarter and full year of 2024, with a backlog of orders at $22.6 billion and revenues reaching $6.8 billion. The company’s non-GAAP net income was $392 million, and GAAP net income was $321 million, reflecting a solid performance with double-digit growth in revenues and backlog year-over-year. The increase in revenues was driven by significant contracts worldwide and advancements in technologies, particularly in aerospace, C4I and Cyber, ISTAR and EW, and land systems. The company’s global presence and diversified portfolio position it well to capture increasing global defense budgets, indicating a positive outlook for stakeholders.
More about Elbit Systems
Elbit Systems Ltd. is an international high technology defense company based in Haifa, Israel. The company specializes in a wide range of defense, homeland security, and commercial products and services, with a focus on aerospace, land, and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance (C4ISR), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, EW suites, signal intelligence (SIGINT) systems, data links and communications systems, radios, and cyber-based systems.
YTD Price Performance: 40.73%
Average Trading Volume: 46,258
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $16.07B
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