Aerospace Group:

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…

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]