Elbit Systems Reports 38% Profit Surge Amid Strong Order Backlog and Laser Weapon Development
Machlis highlighted that the growth trend continued in Q2, resulting in double-digit increases in sales, order backlog, and earnings per share, alongside improved profitability and strong cash flow. He emphasized that the new order backlog demonstrates long-term resilience and ongoing global customer confidence in Elbit’s technologies and capabilities. The company is investing heavily in research, development, and production infrastructure to expand manufacturing capacity and convert backlog into actual revenues. Additionally, Elbit is leading the development of next-generation high-power laser systems and directed energy capabilities, recently unveiling an advanced airborne laser system under development for helicopters and fighter jets.
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