Elbit Systems Financial Success, Selling Death

Elbit Systems is one of Israel’s biggest and most successful companies, with revenues of $2.83 Billion, up 7.4% from the previous year. Most of these revenuse were from aircraft systems, (principally drones), electro-optics, and ‘command, control, communication, computer, and intelligence’ systems.

Head of Elbit Systems, Joseph Ackerman described its corporate strategy thus:

“Over the past few years, our R&D efforts and investments were based on our analysis of the direction of the global defense industry. Our read has so far proven us correct and we invested in areas which have become relevant in today’s market environment. In particular, we correctly foresaw the shift of defense budgets into unmanned vehicles and systems as well as the digitization of the battlefield, and have built up significant competitive assets in these areas. We continued to broaden our product range, our operations and customer base are becoming even more global, and we are continually enhancing our foundation as one of the leaders in the defense electronics industry. Looking ahead, we believe that Elbit Systems is well positioned strategically, operationally, and financially for the coming years.” Ref

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