March 3, 2024 – Israel-based aerospace and defense company Elbit Systems Ltd. (ESLT, Financial) reached its highest stock price at $336 today due to its solid performance and new contracts.
Now investors are bracing up for Elbit's fourth quarter and full year 2024 financial results on March 18, 2025, enthusiastically.
From the last twelve quarters, we can see a pattern where the revenue is growing and always peaks in the last quarter of the year. As we head into the last quarter release, the investors' enthusiasm has helped Elbit reach a new high.
The investors' confidence can be attributed to the company's recent success on securing contracts that worth approximately $335 million to supply advanced defense systems to a European country. The company's substantial backlog worth $22.1 billion provides foundation for its projected double-digit revenue growth toward reaching $7 billion by 2025.
Its innovative high-powered laser interception system called Iron Beam will start operation by November 2025 which strengthens its investment potential. The future looks promising for Elbit Systems since the company successfully wins large contracts and produces advanced defense solutions that strengthen its business segments that would lead to high overall total revenue and potentially to help lower the debts.
In the last twelve quarters, the debt of this Israel-based aerospace defense company has consistently around $1.5 billion. New contracts mean expected revenue ahead that could potentially improve its profit-loss stance and even its balance sheet.
