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Elbit Posts Strong Quarterly Revenues, Record Backlog

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Friday, May 22nd, 2009

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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…

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