Written by: Israel Investor Newsletter | November 18, 2007
Zack Miller
IsraelNewsletter.com
Globes ran an article on Elbit Systems (ESLT) last week. Company president and CEO Joseph Ackerman spoke about the growth the defense company is seeing. 2008 and beyond seem to be double-digit growth years for the Israeli contractor, with over $4 billion in backlog orders.
The seminal paragraph of the article addresses market demand for Elbit products:
“The budgets of armies around the world have been growing at 3-4% annually in the past few years, and we are growing faster than the market…Our business is military electronics,…there’s always demand for the products. What’s more, today armies buy fewer platforms and more systems, and that’s exactly what we do. Therefore I estimate that in the next three to four years we’ll maintain a two-digit growth rate. 2008 is more or less clear to us, and it will be better than 2007.”
Written by: Zack Miller | November 14, 2007
Zack Miller
IsraelNewsletter.com
Jacada (Nasdaq: JCDA), the Israeli software provider for unified customer service, has been murmuring about a material deal back in early August. Israel Opportunity Investor’s Aaron Katsman recently covered the announcement of the deal with Central Hudson Gas & Electric. Well, there’s another material announcement. This time it’s with O2 UK, the leading provider of mobile services to consumers and businesses in the United Kingdom.
Elbit Systems (Nasdaq: ESLT) out with strong earnings Wednesday with a posted 41 percent rise in third-quarter net profit on higher revenues and forecast a better performance in 2008. We chose Elbit as one of Israel Opportunity Investor’s “7 Touchdown Stocks” recently.
Gilat Satellite (Nasdaq: GILT) reported earnings for the 3rd quarter that more than doubled as the company increased revenue and held back costs. We wrote recently about why Gilat might be an interesting play right here.
NICE Systems (Nasdaq: NICE) announced that it has expanded its relationship with DirectTV (NYSE: DTV).
