Elbit Systems stock rose 12% after strong earnings and increased order backlog

From Yahoo Finance: 2025-03-21 16:58:00

Elbit Systems saw a 12% rise in share price after posting a strong earnings release. Revenue exceeded $1.93 billion, with a 71% increase in adjusted net income. The company’s order backlog increased to $22.6 billion, positioning it well for future growth in defense technology and drone production. CEO Butzi Machlis highlighted successful global contracts and technological advancements.

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Read more: Why Elbit Systems Stock Soared 12% Higher This Week