profit of the aerospace industry in the nine months of 2022 jumped by 54% to 202 million dollars

The net profit of the aerospace industry in the nine months of 2022 jumped by 54% compared to the corresponding period last year and was about 202 million dollars. In this way, this is the most profitable period in the history of the company, which published its financial statements this morning (Thursday). Referring to the third quarter alone, the company's net profit jumped by about 135% compared to the corresponding quarter last year and amounted to about 73 million dollars.
The reports also show that the company's sales in the first nine months of the year amounted to approximately $3.601 billion compared to approximately $3.205 billion in the corresponding period last year - an increase of 12%. According to the company, the increase is due to growth in all the company's divisions.
The sales share of the military divisions in January-September increased by about 10% to about 3 billion dollars compared to about 2.745 billion dollars in the corresponding period last year, and the sales share of the aviation division in the same period increased to a total of about 996 million dollars compared to about 872 million dollars in the same period the equivalent of last year.
The company's sales in the third quarter alone totaled approximately $1.242 billion, compared to approximately $1.041 billion in the corresponding quarter last year - an increase of 19%.
The share of the company's export sales actually decreased slightly both in the first nine months of the year and in the third quarter alone and stood at 72% and 74%, compared to 73% and 76% in the corresponding periods last year, respectively.
The company's gross profit in the first nine months amounted to about 647 million dollars compared to about 500 million dollars in the corresponding period and was about 18% of total sales. In the third quarter alone, the company's gross profit was about 220 million dollars.
Accordingly, the company reported that it recorded tax expenses of approximately $76 million net in the company's nine months, compared to approximately $39 million net in the corresponding period last year.
The Chairman of the Aerospace Industries, Amir Peretz, said upon the publication of the reports: "The security instability around the world creates a demand for our systems that continue to prove themselves against all competitors and therefore we continue our presence at all exhibitions around the world, where we strengthen the existing and build the infrastructure for future goals." .
The CEO of IAI, Boaz Levy, added: "The significant increase in the company's profitability stems from the company's intensive and impressive activities in Israel and abroad, alongside many business successes and collaborations in the world. In recent months, IAI has won a number of strategic projects that constitute technological and operational breakthroughs, and illustrate the strength of the company as a global pioneer."