UPDATE 1-Elbit Systems sees big growth in cyber, commercial products

miércoles 11 de marzo de 2015 08:39 GYT
 

* Q4 revenue $850.3 mln vs $811.5 mln, EPS $1.03 vs $1.01

* Stock up 4.5 percent in Tel Aviv

* Declared dividend of 35 cents per share for the quarter (Adds CEO comments, stock reaction, details)

By Ari Rabinovitch

TEL AVIV, March 11 (Reuters) - Israeli defence electronics firm Elbit Systems expects its cyber defence systems and new commercial products to give the business a big boost in the coming years, it said on Wednesday after reporting a rise in profits.

"Cyber is a very important growth engine, the market is huge," Chief Executive Bezhalel Machlis told Reuters.

"Today it accounts for tens of millions of dollars, but it could be hundreds of millions in the next several years."

He forecast similar growth from the company's aircraft defence systems, in particular a device that can be attached to commercial aircraft to detect and deflect a missile attack using a high-powered laser.

Elbit, Israel's largest publicly traded defence company, earned $1.03 per diluted share in the fourth quarter, up from $1.01 a year earlier. Revenue rose to $850.3 million from $811.5 million, boosted by strong sales in Latin America and Asia-Pacific.   Continuación...