Israel Aerospace Industries reported that sales reached $2.9 billion in 2009, compared to $3.6 billion in 2008. The decrease is a result of the worldwide economic crisis, which affected the company’s commercial aviation activity. Sales in the fourth quarter of 2009 reached $761 million, compared to $803 million in the same quarter of 2008.
Net profit reached $61 million, compared with $91 million in 2008. This profit was attained despite the sharp decrease in the company’s profit from its commercial aviation activities. The net profit for the fourth quarter of 2009 totaled $8 million. Company Backlog as of December 31st, 2009 reached $7.9 billion, compared to $7.1 billion at the end of 2008, a net increase of $0.8 billion throughout 2009. The increase in backlog stems from the significant business deals that were completed in the military sector.
