Israel Aerospace Industries reported that company sales for the first quarter of 2010 reached $769 million, much like the first quarter of 2009. Export sales reached $624 million, an increase of 2% compared to the same quarter in 2009. Net profit for the first quarter was $17 million, compared to $15 million in the first quarter of 2009. This profit was reached in 2010 despite the shekel revaluation and the significant slowdown in certain commercial sectors in which the company operates. Positive cash flow from current activities was $330 million, compared to $209 million as of December 31st, 2009. Company backlog as of March 31st 2010 had a net growth of $1.55 billion since the beginning of the year, reaching a record high of $9.4 billion. Exports comprise 83% of the backlog orders.
Australian sustainable aviation fuel industry receives massive boost with major investment
March 31, 2023
The Australian sustainable aviation fuel (SAF) industry has received a massive boost with a major joint investment. A Queensland biofuel refinery being jointly developed by Jet Zero Australia and LanzaJet is to receive investment from Qantas Group, Airbus, and the Queensland Government. The refinery is looking to produce SAF from agricultural by-products, including sugar cane.
