The Israeli Aerospace Industries congratulates the defense establishment and the IDF for intercepting the multitude of threats launched tonight from Iran. 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 per cent to $5.327 billion. 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. IAI sold a spy satellite to Singapore for about 200 million dollars / IAI, the manufacturer of the Arrow missile, expressed joy and pride this morning at the night's results: "The Arrow 2 and Arrow 3 systems accurately intercepted the ballistic missiles and protected the residents of Israel."