Elbit Systems Ltd. (ADR) (NASDAQ:ESLT)
CAPS Rating:
The Company develops, manufactures and integrates advanced, high-performance defense electronic and electro-optic systems for customers throughout the world.
The Company develops, manufactures and integrates advanced, high-performance defense electronic and electro-optic systems for customers throughout the world.
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Elbit is Israel's biggest publicly traded defense company.
In a country that is counted in the 5 biggest exporters in this industry this means a lot. Add to this a big domestic market (in the form of the the Israel Defense Forces & Police) and you get a huge market to tap.
Elbit management is very aggressive in pursuing new countries/customers, to this end, Elbit cooperates with various big names (e.g. Boeing, LM, Thales etc.) and/or with local companies at the customer's country.
In addition, Elbit is growing by a proven and successful acquisition strategy into new business areas.
The financials are available, but what you don't read in the filings is the dedication of management to long term steady growth.
I agree to this comment.
Well done.