Israeli defence firm Elbit Systems Q3 profit jumps
JERUSALEM, Nov 19 (Reuters) -Israeli defence firm Elbit Systems ESLT.TA, ESLT.O reported higher quarterly profit in the third quarter, boosted by strong demand from global customers and from Israel's military to fight Hamas militants in Gaza and Hezbollah in Lebanon.
One of Israel's largest defence contractors, the company said on Tuesday it earned $2.21 per diluted share excluding one-time items in the third quarter, compared to $1.71 a year earlier.
Revenue rose to $1.72 billion from $1.50 billion, led by drone and other aerospace sales.
Its order backlog reached $22 billion, with two-third of that from foreign customers. About 37% of the backlog is slated to be performed the rest of 2024 and in 2025.
Elbit's board declared a third-quarter dividend of $0.50 per share, the same as in the second quarter.
Reporting by Steven Scheer, Editing by Louise Heavens
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