HAIFA, Israel (AP) _ Elbit Systems Ltd. (ESLT) on Wednesday reported fourth-quarter net income of $67.8 million.

On a per-share basis, the Haifa, Israel-based company said it had net income of $1.53. Earnings, adjusted for non-recurring costs and amortization costs, came to $2.38 per share.

The maker of defense electronics posted revenue of $1.38 billion in the period.

For the year, the company reported profit of $237.7 million, or $5.38 per share. Revenue was reported as $4.66 billion.

Elbit shares have risen 4% since the beginning of the year. The stock has increased 16% in the last 12 months.

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