AviTrader sponsorship ad

IAI’s gross profit, operating and net income reach record high

Shutterstock
© Shutterstock

has reported that sales in the first half (H1) of 2023 grew to about US$2,540 million compared with about US$2,359 million in H1 2022, an increase of about 8%, mainly deriving from the Systems Missiles & Space Group and the Military Aircraft Group.

The sales of the Military Groups in H1 2023 increased by about 7% to about US$2,136 million compared with about US$1,989 million in H1 2022, an increase of about US$147 million. The sales of the Aviation Group in H1 2023 increased to about US$675 million compared with about US$645 million in the corresponding period of last year.

The Company's sales in second quarter of 2023 (Q2 2023) amounted to about US$1,261 million compared with about US$1,159 million in Q2 2022, an increase of about 9%, deriving from the increased sales in the Systems Missiles & Space Group, the Military Aircraft Group and the ELTA Group.

The sales of the Military Groups in Q2 2023 increased by about 13% to about US$1,079 million compared with about US$959 million in the corresponding quarter of last year. The sales of the Aviation Group in Q2 2023 amounted to about US$319 million compared with about US$320 million in the corresponding quarter of last year.

Sales for export in H1 2023 accounted for about 73% of sales, totalling about US$1,850 million (about US$690 million, representing 27% of sales, to Israel), compared with about 71%, totalling US$1,684 million (about US$675 million, representing 29% of sales, to Israel) in the corresponding half of 2022.

Sales for export in Q2 2023 accounted for 73% of sales totalling about US$923 million (about US$338 million, representing 27% of sales, to Israel), compared with about US$848 million (about US$311 million, representing 27% of sales, to Israel) in Q2 2022.

Gross profit in H1 2023 amounted to about US$456 million (about 18% of sales), compared with about US$427 million (about 18% of sales) in H1 2022. Gross profit in Q2 2023 amounted to about US$215 million (about 17% of sales), compared with about US$214 million (about 18% of sales) in Q2 2022.

The operating income of the Aviation Group in Q2 2023 amounted to about US$9 million compared with operating income of about US$12 million in the corresponding quarter of last year.

Net income in H1 2023 increased by 28% to about US$165 million (about 6% of sales), compared with net income of about US$129 million (about 5% of sales) in the corresponding period of 2022. Net income in Q2 2023 amounted to about US$74 million (about 6% of sales), compared with net income of about US$51 million (about 4% of sales) in Q2 2022. (1.00 = US$1.27 at time of publication).

Share this Article
Wednesday July 17, 2024
Panasonic Avionics is expanding into India, with the opening of a new software design facility
On June 17, Panasonic Avionics opened a new software design and development facility in Pune, India. Panasonic Avionics' new facility was inaugurated in the presence of the Chief Guest, the Honourable Minister of State for Civil Aviation & Cooperation, Shr... Read More »
Wednesday July 17, 2024
Inauguration of the new structure assembly line for the A321XLR in Hamburg, Germany © Airbus
Airbus has taken another significant industrial step towards the serial production of the A321XLR long-haul aircraft. Together with hangars 260 (pilot line) and 259 (equipment assembly), the new line in hangar 246 forms the infrastructure for serial production... Read More »
Wednesday July 17, 2024
Eyjolfur (Eyvi) Vestmann Ingolfsson
Challenge Group has announced the appointment of industry specialist Eyjolfur (Eyvi) Vestmann Ingolfsson as its new Head of Materials and Logistics, aiming to enhance its portfolio of sustainable and cost-efficient recycled aircraft parts services. The global ... Read More »
Wednesday July 17, 2024
Aerial photo of Tallinn Airport City with hangars
Due to a further increase in demand, Magnetic Group‘s sub-brand, Magnetic MRO, has announced the commencement of construction for maintenance hangars at Tallinn Airport. This serves as a stepping stone in Magnetic MRO's expansion strategy and commitment ... Read More »
Wednesday July 17, 2024
Pratt & Whitney
Pratt & Whitney (P&W), an RTX business, has announced the establishment of its new Customer Service Center in Bengaluru. This new centre will be part of Pratt & Whitney's India Capability Center and will drive customer service and operations suppor... Read More »
Wednesday July 17, 2024
Team JAS has achieved ASAS-100 Accreditation © Shutterstock
Team JAS, a provider of aviation support and solutions, has achieved the prestigious ASA-100 Accreditation by the Aviation Suppliers Association (ASA). This significant accomplishment highlights Team JAS' unwavering commitment to quality, safety, and excellenc... Read More »
Tuesday July 16, 2024
Emirates SkyCargo has ordered five additional Boeing 777 Freighters
Emirates SkyCargo has placed a firm order with Boeing for an additional five Boeing 777 freighters, with deliveries scheduled between 2025 and 2026. Valued at US$1 billion, this order will increase the airline's total order book to 315 wide-body aircraft. Perf... Read More »
Tuesday July 16, 2024
ZeroAvia has designed an advanced algorithm to reduce cost and emissions for green H2 production © ZeroAvia
ZeroAvia has developed a revolutionary AI-driven, scalable smart microgrid optimisation software named SHAIPS (Smart Hydrogen AI Production Software), that promises to minimise the cost of hydrogen production for clean aviation and other applications. Real-wor... Read More »
Tuesday July 16, 2024
Image of a hydrogen-powered aircraft © Trelleborg
Trelleborg Sealing Solutions has partnered with Airbus to develop hydrogen sealing applications, supporting the mission to deliver a hydrogen-powered commercial aircraft by 2035. Trelleborg is creating safe and reliable seals for the hydrogen propulsion system... Read More »
Tuesday July 16, 2024
Over the next ten years the Coulson team will oversee a fleet of 11 aircraft, including a 737 FIRELINER Large Airtanker (LAT), two Cessna Citations, six Bell-412 helicopters, a CH-47 Chinook, and a Beechcraft Super King Air
Coulson Aviation has secured a new AUD $400 million, ten-year contract with Australia's New South Wales (NSW) Rural Fire Service (RFS). Awarded after an open and competitive bidding process, Coulson will manage, operate and maintain the entire fleet. The compa... Read More »
Tuesday July 16, 2024
Lessor ACG has ordered 16 737-8s and 19 of the larger 737-10 variant
Boeing and Aviation Capital Group (ACG) have announced that the aircraft lessor has finalised an order for 35 737 MAX jets, comprising 16 737-8s and 19 of the larger 737-10 variant. Following an incremental 737 MAX order last year, this new purchase increases ... Read More »
Tuesday July 16, 2024
Unical will provide Honeywell products to a broad range of its customers in the commercial aviation sector © Unical
Unical Aviation has been named a channel partner for Honeywell Aerospace Technologies. This strategic partnership will leverage Unical's extensive distribution network to provide Honeywell products to a broad range of its customers in the commercial aviation s... Read More »
Monday July 15, 2024
On June 24, 2024, Joby’s hydrogen-electric technology demonstrator aircraft completed a 523-mile flight above Marina, California
Joby Aviation, a next-generation aviation company, has successfully flown a first-of-its-kind hydrogen-electric air taxi demonstrator 523 miles, with water as the only by-product. The aircraft, which takes off and lands vertically, builds on Joby's successful ... Read More »
Monday July 15, 2024
Dan Robinson
Summit Aviation has appointed Dan Robinson as the new Director of Military Sales. In this role, he will oversee Summit's military sales operations, serving both domestic and international government clients. Robinson brings a distinguished background as a reti... Read More »
Monday July 15, 2024
Midnight electric air taxi © Archer
Archer Aviation (Archer) and Southwest Airlines (Southwest) have signed a memorandum of understanding (MOU) to develop operational plans for electric air taxi networks utilising Archer's eVTOL aircraft at California airports where Southwest operates. Archer Av... Read More »
Monday July 15, 2024
Community partners and Gulfstream leaders and employees gather at a ribbon-cutting ceremony to officially dedicate the Savannah Service Centre extension
Gulfstream Aerospace has officially opened its expanded customer support service centre at Savannah/Hilton Head International Airport. The Savannah Service Center East has added more than 200 new jobs and significantly enhances Gulfstream's maintenance, repair... Read More »
Monday July 15, 2024
Airbus A330 MRTT © Airbus
Sabena technics group will operate as a subcontractor to Airbus Defence & Space at the Istres air base, close to the French Air Force, for a period of 12 years, providing a broad spectrum of services. The proximity to operational staff on-site will ensure ... Read More »
Monday July 15, 2024
Eric Lithun, CEO of Elfly Group with a model of 'Noemi'
Elfly Group, developers of the all-electric seaplane programme ‘Noemi' (no emissions), has announced a partnership with the government of Gotland, Sweden, to pursue its goal of zero-emission commercial flights to the island by 2027. Both parties recently sig... Read More »
Monday July 15, 2024
Lufthansa Group
On a preliminary basis, the Lufthansa Group generated an adjusted EBIT of €686 million in the second quarter of 2024 (previous year: €1.1 billion). A market-related decline in average yields in all traffic regions, particularly in Asia, had a negative impa... Read More »
Friday July 12, 2024
Mammoth 777 Freighter © Mammoth
Mammoth Freighters LLC (Mammoth) has received the first complete shipset of the Collins Aerospace (Collins) cargo loading system for the Mammoth 777-200LRMF passenger-to-freighter conversion. This delivery milestone is the culmination of three years of close c... Read More »

2023 MEDIA KIT

Aviation Media Pack
VP Sales & Business Development Americas
Tamar Jorssen
[email protected]
Phone: +1 (778) 213 8543
VP International Sales & Marketing
Malte Tamm
[email protected]
Phone: +49 (0)162 8263049

Subscribe to the most widely accepted news source in the aviation industry!


Free Daily, Weekly and MRO Publications delivered to your Inbox!
News Alerts, Editorials, Marketplace, Executive Interviews +more

Select publications:

*we respect your privacy and AviTrader will not share your email address to any 3rd Parties.

Scroll to Top