Israel Aerospace Industries (IAI) announced a 2008 third quarter net profit of $16 million (after a $16 million provision for employee-related expenses, compared with $6 million employee-related expenses for the third quarter of 2007).
Company sales for the third quarter of 2008 reached $877 million, compared with $797 million for the third quarter of 2007, an increase of 10%. IAI’s back log of orders totaled approximately $7.44 billion as of September 30, 2008.
