Net income increased by 48% to a total of USD 135 million; positive cash flows from operating activities totaled USD 1,780 million; and sales in the quarter grew to USD 1,432 million

Amir Peretz, IAI‘s Chairman of the Board: “IAI’s latest financial statements, which we have approved, show once again that Israel Aerospace Industries is Israel’s leading and most successful defense and technological company, and we are committed to continuing this excellent performance in all our fields of activity. On the night of April 14th, when IAI-developed systems proved capable of providing a good operational response to protect the country’s skies against extra-atmospheric ballistic missiles, we were able to restore a sense of personal security to Israel’s population and subsequently received many expressions of interest from countries around the world. In about two weeks’ time we will realize the challenging vision which I approved in IAI’s Board, namely, the establishment of a Visitors Center and an Innovation Center in the United States, which will help us leverage our successes in all areas.”

Boaz Levy, IAI’s President and CEO: “The excellent financial results presented by the company, clearly reflect its pioneering work, both in Israel and internationally, and its extraordinary contribution to Israel’s security, as is evident beyond any doubt even in the latest fighting. The whole world is witnessing the impressive performance of IAI’s systems in the face of unprecedented threats, attacks from Iran and its proxies, and the increase in demand all over the world for our systems is also a result of the innovation and originality demonstrated by the company’s employees. We are proud of these achievements and aware of the great responsibility placed on Israel Aerospace Industries both in the face of the challenges of current conflict, and in general. The publication of IAI’s financial results in the week that falls between Israel’s Holocaust Remembrance Day and Israel’s Independence Day adds a new dimension to the essence of a government-owned defense company producing world-class solutions which are also helping spearhead Israel’s security.”