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Record orders propelled IAI's financial performance in 2024

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.

Read the Full Flightglobal Article at:
[ https://www.flightglobal.com/defence/record-orders-propelled-iais-financial-performance-in-2024/162256.article ]