US Model Portfolio Stock Elbit Systems Impresses With Quarterly Results – Major Multi-Billion Dollar Contract From Europe

Elbit Systems (ESLT) delivered impressive quarterly results on Wednesday (August 13). The company produces a wide range of military equipment. Growth was particularly strong in the aerospace segment (+12%), C4I and Cyber (+21%), ISTAR and electronic warfare (+15%), and land systems (+45%). Demand was especially strong in Israel, Europe, and the Asia-Pacific region. The order backlog increased to $23.8 billion. The company reported a revenue growth of 21% year-over-year, with EPS rising by 55%. On the same day, Elbit Systems also received a contract...