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.

Elbit Systems logo. (Photo: By Elbit Systems, Fair use, https://en.wikipedia.org/w/index.php?curid=45667520)

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.

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