Israel Aerospace Industries' sales reach $817m for Q3 2011

IAI’s sales reached $817m in the 3rd quarter of 2011, a growth of 18% compared with the same quarter in 2010. Back orders reached $9bn, at the same level as the preceding quarters. 83% of the back orders are earmarked for export. IAI reported a $59m profit from ordinary acivities and net profit of $3m compared to $25m in 2010.