Aerospace & Defense News - Defense Africa / Middle East.

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New York, Geneva (AirGuideBusiness - Aerospace & Defense News - Defense Africa / Middle East) Nov 27, 2011

EADS EADS plans offer of 60 Eurofighters to United Arab Emirates. EADS announced at the Dubai Airshow that it is preparing an offer of 60 Eurofighters to United Arab Emirates. EADS, the parent company of Airbus, was launched in 2000 after a merger of Spanish, French and German aerospace companies. Nov 15, 2011

Elbit Systems Elbit Systems Reports Third Quarter 2011 Results. - Backlog of orders increased to USD5.7 billion ; - Revenues at USD664 million ; Net income at USD36.5 million ; - Diluted net EPS at USD0.85 Elbit Systems Ltd., the international defense electronics company, today reported its consolidated financial results for the third quarter ended September 30, 2011 . In this release, the Company is providing its US-GAAP results as well as additional non-GAAP financial data, which are intended to provide investors a more comprehensive understanding of the Company's business results and trends. Unless otherwise stated, all financial data presented is GAAP financial data. Management Comment: Joseph Ackerman , President and CEO of Elbit Systems, commented: "The quarter's results represent continued year over year growth in backlog, as well as improvements in margins. These results are due, among other factors, to our success in harvesting the synergies from recent acquisitions and we expect to continue to take advantage of opportunities in cost rationalization, savings and avoidance of duplicating effects among our subsidiaries. Our geographical spread and our diversified activities enable us to adjust ourselves to changing trends in the global markets, and we are successfully growing in regions with expanding potential like South America and Asia-Pacific . During the quarter we reported a number of important orders, and our backlog continued its growth trend for the sixth consecutive quarter." Third quarter 2011 results: Revenues in the third quarter of 2011 were USD663.7 million , as compared to USD649.9 million in the third quarter of 2010. The leading contributors to the Company's revenues were the C4ISR Systems and Airborne areas of operations. Gross profit amounted to USD204.1 million (30.8% of revenues) in the third quarter of 2011, as compared to USD197.9 million (30.5% of revenues) in the third quarter of 2010. The improved gross profit rate was mainly a result of a mix of programs sold during the third quarter of 2011. The non-GAAP gross profit in the third quarter of 2011 was USD211.6 million , (31.9% of revenues), compared to USD203.5 million (31.3% of revenues) in the third quarter of 2010. Research and development expenses, net were USD55.5 million (8.4% of revenues) in the third quarter of 2011, as compared to USD56.1 million (8.6% of revenues) in the third quarter of 2010. Marketing and selling expenses were USD58.4 million (8.8% of revenues) in the third quarter of 2011, as compared to USD59.1 million (9.1% of revenues) in the third quarter of 2010. General and administrative expenses were USD34.0 million (5.1% of revenues) in the third quarter of 2011, as compared to USD30.2 million (4.7% of...

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