Elbit Systems beats Q4 2013 revenues

Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) said revenues in the fourth quarter of 2014 were USD850.3 million, as compared to USD811.5 million in the fourth quarter of 2013.

Gross profit amounted to USD229.5 million (27.0 percent of revenues) in the fourth quarter of 2014, as compared to USD221.5 million (27.3 percent of revenues) in the fourth quarter of 2013. The non-GAAP gross profit in the fourth quarter of 2014 was USD235.0 million (27.6 percent of revenues), as compared to USD228.1 million (28.1 percent of revenues) in the fourth quarter of 2013.

Research and development expenses, net, were USD71.0 million (8.4 percent of revenues) in the fourth quarter of 2014, as compared to USD63.9 million (7.9 percent of revenues) in the fourth quarter of 2013.

Marketing and selling expenses, net, were USD59.5 million (7.0 percent of revenues) in the fourth quarter of 2014, as compared to USD60.7 million (7.5 percent of revenues) in the fourth quarter of 2013.

Revenues for the year ended December 31, 2014 were USD2,958.2 million, as compared to USD2,925.2 million in the year ended December 31, 2013. The increases in the airborne systems and C4ISR systems areas of operation were primarily due to increased revenues from airborne EW systems worldwide and HLS systems sold to Latin America, the company said.

Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. For additional information, visit: www.elbitsystems.com