Defense
Globes: Elbit flooded with orders, but supply issues mean negative cash flow
According to Elbit CEO Betzalel Machlis, the negative flow is due to investing in speeding up exports to waiting customers abroad.

Avi Woolf
MAY 28, 2024 08:061 min read


Defense company Elbit is flooded with orders, but is suffering from a negative cash flow due to problems in supplying orders to customers abroad, according to Globes.
Elbit CEO Betzalel Machlis told Globes that the cash balance has improved since last quarter and is approaching zero, and that right now the money is being spent to speed up orders to all the customers abroad.