Elbit Systems, Record Profits

Israel’s defense giants cash in as global conflicts surge 

Record-breaking contracts fuel growth in Israel’s military-industrial complex.

Elbit Systems (Photo: T. Schneider/ Shutterstock)

Israel's defense industries have been operating in an unprecedented emergency mode since the war began in October, significantly ramping up round-the-clock production. This heightened urgency is fueled by a global shortage of armaments, fears of an arms embargo on Israel, and concerns about a possible expansion of the conflict.

The surge of orders flooding Elbit Systems, driven by ongoing conflicts in Israel and Ukraine, underscores the strategic advantage Elbit gained with its 2018 acquisition of IMI Systems from the state.

Currently, Elbit is working tirelessly to supply the IDF with tank shells, artillery, mortar bombs, and various other armaments, while billions of dollars pour into the company. In the second quarter alone, Elbit saw a 12% increase in revenues, reaching $1.162 billion, with a record backlog of $21 billion.

In recent months, the Ministry of Defense has awarded Elbit contracts totaling approximately 4.5 billion shekels for relatively simple armaments. Just a week and a half ago, Elbit announced another rocket order from an unspecified country worth $270 million. Additionally, at the end of last month, the Ministry of Defense placed an order with Elbit for mortar bombs valued at approximately $190 million.

* Calcalist has contributed to this article.

0 Comments

Do not send comments that include inflammatory words, defamation, and content that exceeds the limit of good taste.

I Hope They Get No Sleep At All

IDF: Get ready for a wild night, Beirut

Avi Woolf | 20:15

Guess They're Out Of Bubble Gum

The IDF just keeps winning in southern Lebanon

Avi Woolf | 19:59

The 7th most influential Jew with a frightening warning

Bari Weiss warns: Amsterdam-style pogroms could spread to U.S.

Gila Isaacson | 19:19

No such thing as Palestine

PROFILE: Who is Trump's counterterrorism Chief Sebastian Gorka? 

Gila Isaacson | 15:42

Next Time, Don't Fire On Israel

Dahiyeh about to lose a few more buildings

Avi Woolf | 15:09

Devastating tragedy

BREAKING: Signs of struggle found near Rabbi Kogan's body 

Gila Isaacson | 14:20
Get JFeed App
Download on the App Store
Get it on Google Play