In the video: IAI sold a spy satellite to Singapore for about 200 million dollars / IAI
The Aerospace Industry congratulates the defense establishment and the IDF for intercepting the multitude of threats launched tonight from Iran. The perfect execution was carried out through the multi-layered defense system of the Israeli defense industries. The
Arrow 2 and Arrow 3 systems accurately intercepted the long-range ballistic missiles and protected the residents of Israel. "M and the intelligence of the Israel Aerospace Industries used by all the defense systems of the IDF enabled a wide-ranging and perfect response.
Amir Peretz, chairman of the Israel Aerospace Industries: "I am proud and grateful to our employees who were partners in the defense of the State of Israel today."
Boaz Levy, CEO of IAI: "IAI engineers have been working for years against the threats against the State of Israel and are developing excellence that is reflected in the results we saw tonight, with the support and full cooperation of the Ministry of Defense and the IDF. I am proud to maintain Israel's security against Any threat, however complex it may be."
In 2023, the aerospace industry recorded record results of all time, against the background of the war in Ukraine and urgent orders from the Ministry of Defense in the last quarter of the year due to the war.
The company's net profit jumped by 49% to $318 million (NIS 1.144 billion), and sales increased by 7% to $5.327 billion. The order backlog increased by 15% to $18 billion.
The Ministry of Defense's purchases for the IDF were reflected in a 12.3% increase in sales to the local market, which reached 1.535 billion dollars, thus despite the increase in sales, the share of exports in the company's activity decreased from 73% to 71%.
The bulk of the increase comes from the sales of the company's military divisions, which, in addition to the Arrow-3 and Barak 8 missiles for air defense, also produce land and sea attack missiles, unmanned aerial vehicles, roving armaments, intelligence and electronic warfare systems, and more.
The most prominent transactions of the company in the past year were the sale of the Arrow-3 system to Germany for $3.6 billion, and the sale of the Barak-8 system to a foreign customer, according to foreign publications, this is Azerbaijan, which also purchased two spy satellites from the Israel Defense Forces with a combined value of $120 million .