Elbit Systems Profits Surge
2 sources · first reported 3d ago
Elbit Systems, an Israeli defense technology company, has reported a record $32 billion order backlog and unveiled a powerful laser capable of shooting down threats from a fighter jet cockpit. The company develops various defense technologies, including night vision goggles and unmanned aircraft. This surge in profits is amid Middle East turmoil.
Why it matters
The increase in Elbit Systems' profits and order backlog signifies the growing demand for advanced defense technologies, particularly in regions experiencing turmoil. The development of powerful lasers for fighter jets highlights the company's innovative capabilities in defense tech.
Independent Media 2
Single-source: Independent Media
Development timeline
How this story unfolded across sources, oldest first.