War-Fueled Defense Demand Sends Elbit Systems Backlog To $32 Billion
Elbit Systems (ESLT) trades lower premarket despite Q2 earnings and revenue beating estimates, driven by a $32B record order backlog.
Elbit Systems, a defense company, has so many future orders ($32 billion worth) that it will be busy making products for years. Even though the company did really well this quarter, the stock went down a little, which might mean investors are thinking about other things right now.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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