Elbit, IAI report major sales upticks amid Israeli war

JERUSALEM — Elbit Systems reported its financial results for the third quarter of 2024, accumulating a 5.2% increase in its order backlog, to $2.2 billion, a trend in line with other local defense companies supplying weapons for Israel’s war against Hamas and Hezbollah.

The Israeli company booked fresh deals recently, including a $127 million contract to supply Iron Fist active protection systems for U.S. Bradley infantry fighting vehicles and a $335 million contract to supply PULS rocket launchers and Hermes 900 drones to a European country that company officials did not to name.

According to Elbit’s report, the company’s quarterly revenue increased by 14.4% compared to the corresponding quarter last year, reaching $1.71 billion. The company attributes most of the rise to the continued increase in orders from the Israeli Ministry of Defense for the armed forces.

The figures show a 7% increase in aircraft sales, 13% in information technology and cyber sales - mainly radio and control systems, 13% in intelligence and electronic warfare, and 24% in land sales.

Geographically, 29% of Elbit’s sales in the third quarter were to Israel, 25% to Europe, 22.5% to North America, 18.3% to Asia Pacific, 2.2% to Latin America and 3% to the rest of the world.

Elbit mentions in its report that its revenues from sales to America increased by 17% compared to the corresponding quarter last year due to the increase in sales of night-vision systems and medical instrumentation sales.

In Europe, on the other hand, sales decreased by 3.2% after two strong years due to the arming of European countries amid the war in Ukraine.

Another Israeli company that benefited from the “Iron Swords” War is IAI, whose backlog of orders rose to $25 billion, of which $2 billion resulted from orders from the Israeli Ministry of Defense.

The company’s revenue grew by 16% compared to the corresponding quarter last year and stood at approximately $1.54 billion, with the increase being shown in all of the company’s operational divisions and in each of the geographies in which it is active.

The missile and space systems division made up the bulk of its quarterly sales and accounted for 42% of them.

A spokeswoman said the results mark IAI’s “most profitable period in the company’s history.”

Tzally Greenberg is the Israel correspondent for Defense News. He has experience reporting on economic affairs as well as defense and cyber companies.

耶路撒冷——埃尔比特系统公司公布了2024年第三季度的财务业绩，其订单积压量累计增长5.2%，达到22亿美元，这一趋势与其他为以色列打击哈马斯和真主党的战争提供武器的当地国防公司一致。

这家以色列公司最近又签下了几笔新订单，其中包括一份价值 1.27 亿美元的合同，为美国布雷德利步兵战车提供“铁拳”主动防护系统；以及一份价值 3.35 亿美元的合同，向一个公司官员不愿透露名称的欧洲国家提供 PULS 火箭发射器和 Hermes 900 无人机。

根据埃尔比特公司的报告，该公司季度营收较去年同期增长14.4%，达到17.1亿美元。该公司将营收增长主要归功于以色列国防部为武装部队持续增加的订单。

数据显示，飞机销售额增长了 7%，信息技术和网络销售额（主要是无线电和控制系统）增长了 13%，情报和电子战销售额增长了 13%，土地销售额增长了 24%。

从地域上看，Elbit 第三季度销售额的 29% 销往以色列，25% 销往欧洲，22.5% 销往北美，18.3% 销往亚太地区，2.2% 销往拉丁美洲，3% 销往世界其他地区。

Elbit 在其报告中提到，由于夜视系统和医疗器械的销售增长，其对美洲的销售收入比去年同期增长了 17%。

另一方面，由于乌克兰战争期间欧洲各国武装起来，欧洲的销售额在经历了两年强劲增长后下降了 3.2%。

另一家从“铁剑”战争中受益的以色列公司是以色列航空工业公司（IAI），其订单积压额高达 250 亿美元，其中 20 亿美元来自以色列国防部的订单。

与去年同期相比，该公司收入增长了 16%，达到约 15.4 亿美元，公司所有运营部门和所有业务所在地区的收入均有所增长。

导弹和​​航天系统部门占其季度销售额的大部分，达到 42%。

一位发言人表示，这一业绩标志着IAI公司“历史上盈利最高的时期”。

扎利·格林伯格是《防务新闻》的以色列记者。他拥有丰富的经济事务以及国防和网络安全公司报道经验。