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Elbit Posts Strong Quarterly Revenues, Record Backlog

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Israel's Elbit Systems [ESLT] Wednesday reported a 6.6 percent gain in year-on-year quarterly consolidated revenues, driven largely by C4ISR and unmanned aerial vehicle (UAV) activity, and a new record backlog of orders standing at $5.1 billion. "The growth in the C4ISR area of operations is encouraging and a good example of our ability to successfully foresee our customers' needs," Joseph Ackerman, Elbit's president and CEO, said. "We have also witnessed continued demand in other areas of our activity. Based on…

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