Business good week

ELBIT SYSTEMS The Israeli maker of the Hermes 450 unmanned aircraft nearly doubled third-quarter pre-tax profits to $62.3 million on sales up nearly 30% to $671.2 million. For the nine months to 30 September, profits nearly trebled to $158 million on revenue up 39.5% to $1.95 billion, just shy of its full-year 2007 performance. Says chief executive Joseph Ackerman (pictured): "We are taking every measure to keep a cap on and rationalise expenses."

Source: Flight International