To make this website work, we log user data. By using Shephard's online services, you agree to our Privacy Policy, including cookie policy.

Open menu Search

Elbit Systems describes minimal COVID-19 impact in Q1 results

26th May 2020 - 13:30 GMT | by The Shephard News Team


Elbit Systems on 26 May released its Q1 FY2020 financial results which were slightly up from the same period in 2019.

As of 31 March, the company had a revenue of $1,071.2 million compared to $1,021.7 million in 2019. Furthermore, there is a current backlog of orders at $10.8 billion.

Elbit Systems insisted that its business has not been ‘materially impacted by the [COVID-19] pandemic’, although ‘some of our businesses have begun to experience certain disruptions due to government directed safety measures, travel restrictions and supply chain delays. To date, the financial impact to us of these disruptions has not been material’.

The statement continued: ‘Elbit Systems had a healthy balance sheet, adequate levels of cash and access to credit facilities that provide liquidity when necessary. We have given high priority to cash management and adequate cash reserves to run the business.’

As part of our promise to deliver comprehensive coverage to Premium News subscribers, our curated defence news content provides the latest industry updates, contract awards and programme milestones.

The Shephard News Team


The Shephard News Team

As part of our promise to deliver comprehensive coverage to Premium News and Defence Insight …

Read full bio

Share to