Elbit Systems Hits Record $32 Billion Order Backlog Amid Global Security Tensions
How 5 Israeli newsrooms covered this story — translated into English and compared side by side.
First reported by Globes · 3 hours ago
What happened
Elbit Systems reported a record $32 billion order backlog and a 16% sales increase in Q2 2024 amid ongoing global conflicts. The company saw strong international demand, especially for laser and intelligence systems, while drone sales dipped slightly. CEO Bezalel Machlis confirmed continued growth despite supply chain challenges and an increasing debt from the Israeli Ministry of Defense.
- 01Elbit Systems' order backlog hits a record $32 billion, up 33% year-over-year.
- 02Q2 2024 sales rose 16% to $2.3 billion, with net profit up 40% to $173.6 million.
- 0337% of sales were to the Israeli Ministry of Defense, mainly weapons, drones, and intelligence.
- 04Laser and intelligence system sales grew 22%, driven by Asia-Pacific demand.
- 05Drone sales fell 8% due to project mix and lower European simulator sales.
- 06CEO Machlis highlighted strong foreign demand and new airborne laser systems for combat aircraft.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 5 outlets
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