Israel’s Elbit Systems riding high and reports almost a billion dollars in orders to close 2024
Elbit’s latest contract for communications systems follows several recent wins. (Photo: Elbit Systems)
The Israeli Ministry of Defense (MoD) has ordered communication systems from Elbit Systems ranging from software defined radios and satellite communication systems to data-links for autonomous platforms under a US$130 million deal announced last week.
This latest deal followed recent contracts for hundreds-of-millions of dollars for European customers, as well as Israel and the US, building on a large order book which is at its highest ever at US$22.1 billion at the end of 3Q 2024.
Revenues in 3Q 2024 were US$1.7 billion, as compared to US$1.5 billion in 3Q 2023. Growth was strong across all division with aerospace revenues
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