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(Bloomberg) Gabrielle Coppola - Israeli defense company Elbit Systems has been shifting its focus to fast-growing markets in Asia and Latin America. Demand from those regions helped push up its backlog of orders to $6.3 billion at year-end, an 8% jump from 2013. Elbit is succeeding with niche products and services, like upgrading aircraft systems and enhancing cyberwarfare capabilities. Elbit's chief financial officer, Yossi Gaspar, said in March that demand for drones, homeland security and electronic warfare systems from Latin America and land fire control systems from Asia drove an increase in the share of revenue from the regions. 2015-04-17 00:00:00Full Article
Israeli Drone Maker Has $6 Billion Backlog
(Bloomberg) Gabrielle Coppola - Israeli defense company Elbit Systems has been shifting its focus to fast-growing markets in Asia and Latin America. Demand from those regions helped push up its backlog of orders to $6.3 billion at year-end, an 8% jump from 2013. Elbit is succeeding with niche products and services, like upgrading aircraft systems and enhancing cyberwarfare capabilities. Elbit's chief financial officer, Yossi Gaspar, said in March that demand for drones, homeland security and electronic warfare systems from Latin America and land fire control systems from Asia drove an increase in the share of revenue from the regions. 2015-04-17 00:00:00Full Article
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