Defense

Globes: Elbit flooded with orders, but supply issues mean negative cash flow

According to Elbit CEO Betzalel Machlis, the negative flow is due to investing in speeding up exports to waiting customers abroad.

Author avatar Avi Woolf Avi Woolf | JFeed | 08:06 28.05.24 | 1 min read |
Elbit Systems logo. (Photo: By Elbit Systems, Fair use, https://en.wikipedia.org/w/index.php?curid=45667520)

Defense company Elbit is flooded with orders, but is suffering from a negative cash flow due to problems in supplying orders to customers abroad, according to Globes.

Elbit CEO Betzalel Machlis told Globes that the cash balance has improved since last quarter and is approaching zero, and that right now the money is being spent to speed up orders to all the customers abroad.

Elbit Systems Defense Industry

Unmissable content

Cost of Living set to spike in Israel for 2025 – Here's what you need to know
Gila Isaacson | 11.12.24
Half of the world's richest people are Jews
Gila Isaacson | 02.12.24
Fitch signals cautious optimism for Israel's credit rating; Moody disagrees  
Gila Isaacson | 28.11.24
Do not send comments that include inflammatory words, defamation, and content that exceeds the limit of good taste.

Also of Interest

Strengthening bonds: Argentina and Israel deepen defense cooperation 
Avi Nachmani | 27.11.24
Bank of Israel is holding Interest rates steady – Here's what to know
Gila Isaacson | 26.11.24
Outrage in France over new antisemitic incident in Paris apartment complex
Avi Nachmani | 29.10.24

Finance

Israel Aerospace makes billions on missile and space systems

Israel Aerospace Industries at an all-time high: Orders worth 100 billion shekels

Eliana Fleming, JFeed Staff | 20.11.24

Keep It Coming, We Could Use It

More good news: Unemployment rate declining, despite the war

Avi Woolf | 18.11.24

Let's Hope Those Numbers Hold

Thank God! Israel's economy on the rebound, despite war

Avi Woolf | 17.11.24

Bank of Israel

Bank of Israel: Interest rate to stay at 4.5%, inflation this year will be 3.8%

Avi Woolf | 09.10.24

Netanyahu, Israeli currency, Finance crime, 200 shekels

Netanyahu Proposes Abolishing the 200-Shekel Bill

1
| Eliana Fleming, JFeed Staff | 19.09.24

Tel Aviv, Economy

Report: Tel Aviv has 212 multi-millionaires, a 62% increase since the previous decade

2
| Avi Woolf | 17.09.24

Moody's, Credit Rating

GLOBES: Will Moody's downgrade Israel's credit rating again?!

Gila Isaacson | 09.09.24

Shein, Counterfeit Makeup

SCARY: Israeli woman bought contact lenses on Shein– and nearly went blind

Gila Isaacson | 26.08.24

Economy, Cost of Living

Govt survey: Israelis in better financial shape than 20 years ago

Avi Woolf | 15.08.24

Israel-Gaza War, United Kingdom

Barclays says no to boycott of Israel bonds sales

Avi Woolf | 15.08.24

Israel-Gaza War, Credit Rating

Fitch downgrades Israel’s credit rating to A, Outcome: Negative

Gila Isaacson | 13.08.24

Ministry of Finance

Tax hikes and benefit cuts: How Israel's Treasury is handling budget crisis

1
| Gila Isaacson | 11.08.24

England, Taylor Swift, Inflation

The Taylor Swift effect: How pop sensation's latest British tour impacted inflation 

Gila Isaacson | 18.07.24

Israeli Arabs, Economy

Globes: Israeli Arab incomes increase faster than Jewish incomes in last decade

Avi Woolf | 09.07.24

Health, Economy

"What's good for Europe is good for us": Israeli toiletries reform passes first vote

Avi Woolf | 17.06.24

Israel-Gaza War, Columbia

Former Israeli coal executive on Columbian coal embargo: Worrying, but we'll manage 

Avi Woolf | 09.06.24
Get JFeed App
Download on the App Store
Get it on Google Play