TEL AVIV: Israel’s largest defense firm Elbit Systems reported higher first-quarter profit on Tuesday, boosted by sales to Israel’s military during its war against Palestinian militant group Hamas in Gaza and as global defense spending rises.
Elbit said it earned $2.57 per diluted share excluding one-time items in the first quarter of 2025, up from $1.81 a year earlier.
The results were boosted by a 20 percent increase in aerospace sales, largely of precision guided munitions from which revenue rose 22 percent to $1.9 billion.
More than 32 percent of Elbit’s revenue came from Israel, where the country has been fighting Hamas since October 7, 2023. The company has supplied munitions, drones, guided rocket systems, reconnaissance capabilities and other systems.
As numerous global conflicts boosted national defense budgets, Elbit’s backlog of orders reached $23.1 billion. Some 66 percent of the backlog is from outside Israel, while 51 percent of the orders are scheduled to be fulfilled during 2025 and 2026.
“Elbit is well positioned to capture and benefit from the opportunities of increasing defense budgets globally and particularly in Europe,” said CEO Bezhalel Machlis. “We are continuing to invest in increasing our production capacity and optimizing our supply chains in order to address our backlog and the high demand for our products.”
Elbit said it would pay a quarterly dividend of 60 cents a share, the same as in the fourth quarter.
![]()
Israel’s Elbit Systems posts profit jump on Gaza war, rising defense budgets
Short Url
https://arab.news/gg83j
Israel’s Elbit Systems posts profit jump on Gaza war, rising defense budgets
- More than 32 percent of Elbit’s revenue came from Israel, where the country has been fighting Hamas
Hezbollah chief accuses Israel of ignoring ceasefire agreement
- Naim Qassem says moves to disarm his group in Lebanon are an 'Israeli-American plan'
- Lebanese military is expected to complete Hezbollah’s disarmament south of Litani River as oart of ceasefire
BEIRUT: Hezbollah leader Naim Qassem on Sunday said moves to disarm the group in Lebanon are an “Israeli-American plan,” accusing Israel of failing to abide by a ceasefire agreement sealed last year.
Under heavy US pressure and fears of expanded Israeli strikes, the Lebanese military is expected to complete Hezbollah’s disarmament south of the Litani River — located about 30 kilometers (19 miles) from the border with Israel — by the end of the year.
It will then tackle disarming the Iran-backed movement in the rest of the country.
“Disarmament is an Israeli-American plan,” Qassem said.
“To demand exclusive arms control while Israel is committing aggression and America is imposing its will on Lebanon, stripping it of its power, means that you are not working in Lebanon’s interest, but rather in the interest of what Israel wants.”
Despite a November 2024 ceasefire that was supposed to end more than a year of hostilities between Israel and the Iran-backed Hezbollah group, Israel has kept up strikes on Lebanon and has maintained troops in five areas it deems strategic.
According to the agreement, Hezbollah was required to pull its forces north of the Litani River and have its military infrastructure in the vacated area dismantled.
Israel has questioned the Lebanese military’s effectiveness and has accused Hezbollah of rearming, while the group itself has rejected calls to surrender its weapons.
“The deployment of the Lebanese army south of the Litani River was required only if Israel had adhered to its commitments... to halting the aggression, withdrawing, releasing prisoners, and having reconstruction commence,” Qassem said in a televised address.
“With the Israeli enemy not implementing any of the steps of the agreement... Lebanon is no longer required to take any action on any level before the Israelis commit to what they are obligated to do.”
Lebanese army chief Rodolphe Haykal told a military meeting on Tuesday “the army is in the process of finishing the first phase of its plan.”
He said the army is carefully planning “for the subsequent phases” of disarmament.
Under heavy US pressure and fears of expanded Israeli strikes, the Lebanese military is expected to complete Hezbollah’s disarmament south of the Litani River — located about 30 kilometers (19 miles) from the border with Israel — by the end of the year.
It will then tackle disarming the Iran-backed movement in the rest of the country.
“Disarmament is an Israeli-American plan,” Qassem said.
“To demand exclusive arms control while Israel is committing aggression and America is imposing its will on Lebanon, stripping it of its power, means that you are not working in Lebanon’s interest, but rather in the interest of what Israel wants.”
Despite a November 2024 ceasefire that was supposed to end more than a year of hostilities between Israel and the Iran-backed Hezbollah group, Israel has kept up strikes on Lebanon and has maintained troops in five areas it deems strategic.
According to the agreement, Hezbollah was required to pull its forces north of the Litani River and have its military infrastructure in the vacated area dismantled.
Israel has questioned the Lebanese military’s effectiveness and has accused Hezbollah of rearming, while the group itself has rejected calls to surrender its weapons.
“The deployment of the Lebanese army south of the Litani River was required only if Israel had adhered to its commitments... to halting the aggression, withdrawing, releasing prisoners, and having reconstruction commence,” Qassem said in a televised address.
“With the Israeli enemy not implementing any of the steps of the agreement... Lebanon is no longer required to take any action on any level before the Israelis commit to what they are obligated to do.”
Lebanese army chief Rodolphe Haykal told a military meeting on Tuesday “the army is in the process of finishing the first phase of its plan.”
He said the army is carefully planning “for the subsequent phases” of disarmament.
Latest updates
© 2025 SAUDI RESEARCH & PUBLISHING COMPANY, All Rights Reserved And subject to Terms of Use Agreement.