UPDATE 1-Elbit sees growth in 2014 after fall in quarterly profit and revenue

miércoles 19 de marzo de 2014 11:39 GYT

* Adjusted Q4 EPS $1.26 vs $1.41 forecast

* Q4 revenue $811.5 mln vs $840 mln forecast

* Backlog of orders up at $5.82 bln

* Shares down 2.9 pct on Nasdaq (Adds comments from CEO on outlook, share reaction)

By Tova Cohen

TEL AVIV, March 19 (Reuters) - Cyber security and aviation products will help drive growth for Elbit Systems in 2014, the Israeli defence electronics firm said on Wednesday after it reported lower quarterly profit and sales that missed analysts' estimates.

Outlays on large defence platforms by governments around the world have slowed in recent years but Elbit specialises in some niche segments that are in demand. It said it expected strong revenue growth in India, Australia and Latin America.

Chief Executive Bezhalel Machlis said fourth-quarter results were hit by the time it took to execute certain projects and that it was more important to look at 2013 annual results, which showed growth, as well as the firm's strong backlog of orders.

"Elbit is on a trend of growth that will be reflected in 2014," he told Reuters.   Continuación...