Elbit Systems: A Beacon of Growth and Resilience in the Defense Industry

Generated by AI AgentWesley Park
Wednesday, Feb 26, 2025 4:01 am ET1min read
ESLT--

Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT), the international high technology defense company, has announced that it will release its fourth quarter and full year 2024 financial results on Tuesday, March 18, 2025. The Company has scheduled two key events to discuss its performance: a financial results conference call and an investor conference in Israel. This article will delve into the Company's recent performance, growth trends, and long-term prospects, providing investors with valuable insights into this dynamic defense technology company.



Elbit Systems' order backlog has been a significant driver of its financial stability and resilience, with a record high of over $22 billion as of September 30, 2024. Approximately 66% of the current backlog is attributable to orders from outside Israel, indicating a strong global demand for the Company's products and solutions. This high percentage of international orders helps to diversify Elbit Systems' revenue streams and reduce dependence on a single market. Additionally, the Company's order backlog provides a stable pipeline of work for the coming years, with approximately 37% of the backlog scheduled to be performed during the remainder of 2024 and 2025.



Elbit Systems' revenue growth across different segments in the third quarter of 2024 showed promising trends, with increases in Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America. These trends are supported by the Company's order backlog, which indicates that Elbit Systems' products and solutions are in high demand globally. The Company's commitment to innovation and continuous improvement, as evidenced by its R&D spending, has contributed to its competitive position and long-term growth prospects.



In conclusion, Elbit Systems' strong financial performance, growth trends, and long-term prospects make it an attractive investment opportunity in the defense technology sector. The Company's commitment to innovation, R&D, and meeting the needs of its customers has enabled it to maintain a strong order backlog and expand its international presence. As Elbit Systems prepares to release its fourth quarter and full year 2024 financial results, investors should closely monitor the Company's performance and consider the potential investment opportunities it presents.

Action Alerts PLUS, which Cramer manages as a charitable trust, is long ESLT.

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