Elbit Systems posts record $32B backlog as Q2 sales and profits rise 40%
Elbit Systems reported 16% higher Q2 sales of $2.3 billion and said it is on track for about $9 billion in annual sales. Backlog hit an all-time high of $32 billion, up 33% year on year. Sales to Israel’s Defense Ministry rose, with profits supported by stronger radio and command-and-control, intelligence and electronic warfare, including high-power laser systems.