Elbit Systems (ESLT) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Elbit Systems announced a robust first-quarter performance for 2024, with an order backlog exceeding $20 billion, and revenues climbing to $1.6 billion. The company saw a GAAP net income of $74 million and non-GAAP net income of $81 million, reflecting heightened global demand for their defense technologies. Despite the ongoing ‘Swords of Iron’ conflict, Elbit has managed to increase support to the Israeli Ministry of Defense while also maintaining international market activities.
For further insights into ESLT stock, check out TipRanks’ Stock Analysis page.