Elbit Systems Ltd. (NASDAQ and TASE: ESLT) said revenues in the fourth quarter of 2015 were USD886.6 million, as compared to USD850.3 million in the fourth quarter of 2014.
Non-GAAP gross profit amounted to USD262.4 million (29.6 percent of revenues) in the fourth quarter of 2015, as compared to USD235.0 million (27.6 percent of revenues) in the fourth quarter of 2014. GAAP gross profit in the fourth quarter of 2015 was USD253.3 million (28.6 percent of revenues), as compared to USD229.5 million (27.0 percent of revenues) in the fourth quarter of 2014.
Research and development expenses, net, were USD69.3 million (7.8 percent of revenues) in the fourth quarter of 2015, as compared to USD71.0 million (8.4 percent of revenues) in the fourth quarter of 2014.
Elbit Systems Ltd. is an international high technology company engaged in a wide range of defense, homeland security and commercial programs throughout the world. The company, which includes Elbit Systems and its subsidiaries, operates in the areas of aerospace, land and naval systems, command, control, communications, computers, intelligence surveillance and reconnaissance (“C4ISR”), unmanned aircraft systems, advanced electro-optics, electro-optic space systems, electronic warfare suites, signal intelligence systems, data links and communications systems and radios.
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