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Israeli defence company Elbit Q1 profit, revenue rise on Gaza war demand
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Israeli defence company Elbit Q1 profit, revenue rise on Gaza war demand
May 28, 2024 12:47 AM

JERUSALEM, May 27 (Reuters) - Israeli defence

electronics firm Elbit Systems reported

higher quarterly profit, with revenue boosted by an increase in

demand from Israel's military to fight Hamas militants in Gaza.

One of Israel's largest defence contractors, the company

said on Tuesday it earned $1.81 per diluted share excluding

one-time items in the first quarter of 2024, compared to $1.78 a

year earlier.

Revenue rose to $1.55 billion from $1.39 billion.

Elbit's board declared a first-quarter dividend of $0.50 per

share.

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