Israel Aerospace Industries (IAI) announced a 2008 second quarter income of $19 million, (after a $ 12 million provision for employee-related expenses and recording of accounting losses, in consequence of the strengthening of the NIS vis-a-vis the USD, in an amount of approx. $ 36 million), as compared with $ 14 million for the second quarter of 2007, an increase of 36%.
Company sales for the second quarter of 2008 reached $891 million compared with $790 million, a 13% increased from the 2007 second quarter. IAI’s back log of orders totaled approximately $7.8 billion as of June 30, 2008, representing an 8% increase from June 30, 2007.
