Record orders propelled IAI's financial performance in 2024

Business and Finance
Source : (remove) : Flightglobal
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Wed, May 28, 2025

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Record orders propelled IAI's financial performance in 2024

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^{Published in Business and Finance on Wednesday, May 28th 2025 at 11:40 GMT by Flightglobal}

An increase in domestic orders, along with a rise in export deals, helped Israel Aerospace Industries (IAI) to secure record business last year.

In 2024, Israel Aerospace Industries (IAI) reported a significant financial upturn, driven by record orders amounting to $5.3 billion, marking a 33% increase from the previous year. This surge in orders contributed to a 47% rise in net profit, reaching $300 million, and a 9% increase in revenue, totaling $5.4 billion. The company's success was attributed to strong demand across its various sectors, including military, commercial aviation, and homeland security. IAI's CEO, Boaz Levy, highlighted the company's strategic focus on innovation and global partnerships as key factors in achieving these results, expressing confidence in continued growth and the ability to meet future challenges.

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