JERUSALEM, Nov 29 (Reuters) - Israeli defence electronics firm Elbit Systems ESLT.TA, ESLT.O on Tuesday reported a drop in third-quarter profit, hit by higher expenses from stock price-linked compensation plans for employees. "Elevated geopolitical tensions and growing defence budgets have created multiple opportunities and we are increasing investment in business development to realize the potential from these trends," said CEO Bezhalel Machlis. He said the company believes that supply chain and labour inflation pressures "will gradually subside from the second half of 2023."