ISRAELI arms company Elbit Systems reported record profits today, as Israel’s ongoing wars and remilitarisation drives across the world have boosted revenues.Elbit’s first-quarter revenues rose to almost $2.2 billion (£1.6bn) from just under $1.9bn (£1.4bn) in the same period last year, while profits were up 59 per cent on a year ago. The company has a backlog of orders worth over $30bn (£22.3bn).

ISRAELI arms company Elbit Systems reported record profits today, as Israel’s ongoing wars and remilitarisation drives across the world have boosted revenues.

Elbit’s first-quarter revenues rose to almost $2.2 billion (£1.6bn) from just under $1.9bn (£1.4bn) in the same period last year, while profits were up 59 per cent on a year ago. The company has a backlog of orders worth over $30bn (£22.3bn).

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