Israel Aerospace Industries Reports Record-Breaking First Quarter Amid "Iron Swords" War

Israel Aerospace Industries (IAI) has announced its strongest first quarter in history, boasting impressive financial figures despite ongoing conflict. The company's order backlog stands at approximately $19.1 billion, representing a significant milestone in its operations.

IAI reported a 48% increase in net profit to approximately $135 million, alongside positive cash flow from current operations totaling approximately $1,780 million. Sales volume saw a substantial increase to approximately $1,432 million, reflecting the company's robust performance in challenging times.

Despite the "Iron Swords" war that began in October 2023, IAI has maintained operational and business continuity. The company continues to support the Israeli security system while fulfilling contractual obligations and providing supplies to foreign customers.

Chairman's Statement:

Amir Peretz, Chairman of Israel Aerospace Industries, emphasized the company's adaptation to the challenges of war while maintaining business operations and supporting the defense establishment. He highlighted the successful demonstration of IAI's systems in defending the country's skies during the conflict, which has garnered increased international recognition.

CEO's Perspective:

Boaz Levy, CEO of IAI, expressed pride in the company's achievements and its significant contribution to Israel's security. He underscored the innovation and originality of IAI's employees, which have resulted in increased global demand for the company's systems.

Commitment to Excellence:

IAI's exceptional financial results coincide with a period of national significance, between Holocaust Remembrance Day and Independence Day. The company's success underscores its position as a leading defense and technology entity in Israel, committed to excellence across all areas of activity.

Strengthening Security Amidst Unprecedented Challenges:
IAI's outstanding performance in the face of adversity reaffirms its role as a cornerstone of Israel's defense infrastructure. Amidst ongoing conflict and heightened threats, the company remains steadfast in its commitment to innovation, security, and national resilience.