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.

0 Comments

Do not send comments that include inflammatory words, defamation, and content that exceeds the limit of good taste.

Netanyahu, Israeli currency, Finance crime, 200 shekels

Netanyahu Proposes Abolishing the 200-Shekel Bill

1
| Eliana Fleming, JFeed Staff | 19.09.24

Moody's, Credit Rating

GLOBES: Will Moody's downgrade Israel's credit rating again?!

Gila Isaacson | 09.09.24

Slovakia, Defense Industry

Report: Slovakia to purchase anti-air systems from Israel

Avi Woolf | 28.08.24

Cost of war, Israel-Hezbollah attack

The Cost of Israel's Preemptive Strike Against Hezbollah

Eliana Fleming, JFeed Staff | 25.08.24

Elbit Systems, Record Profits

Israel’s defense giants cash in as global conflicts surge 

Avi Nachmani | 18.08.24

Iran nuclear power, Attack on Israel, War

Report: Iran is preparing to continue testing nuclear bomb detonators

Eliana Fleming, JFeed Staff | 14.08.24

Elbit, Pro-Palestinian Riots, UK

Pro-Palestinian riots erupt near Israeli weapons manufacturer in UK  

1
| Avi Nachmani | 01.08.24

Elbit Systems, IDF, Iron Sting Mortars

Elbit Systems lands $190 million IDF deal for next-gen Iron Sting mortars 

Avi Nachmani | 29.07.24
JFeed App Icon
Get the app JFeed