:

Elbit Posts Strong Quarterly Revenues, Record Backlog

DDN

Friday, May 22nd, 2009

SHARE:

By B.C. Kessner 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…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]