In Q1 2008 Israel Aerospace Industries (IAI) recorded a net profit of $40 million (after a provision of $13 million for employee retirement), compared with $44 million in Q1 2007, a 9.1% drop.
The Company’s sales in Q1 2008 totaled $1,014 million, compared with $800 million in the corresponding period of last year, a 28% increase.
IAI’s backlog totaled $8 billion on March 31, 2008, compared with approximately $7.2 billion in the corresponding quarter of last year, an increase of about 11%.
