Israel Aerospace Industries (IAI) has appointed Dror Bar as IAI Vice President and Chief Executive Officer (CEO) of ELTA. Bar was identified as the most suitable candidate, after a long and rigorous search procedure was carried out in accordance with the procedure for appointing a CEO in government-owned companies. ELTA’s Board of Directors, headed by […]
IAI appoints Dror Bar as VP and CEO of ELTA Read More »
Archer Aviation has signed a memorandum of understanding (MoU) with Etihad Training for a partnership aimed at recruiting and training prospective pilots for Archer’s Midnight aircraft in Abu Dhabi, facilitating flights across the UAE. The MOU debut took place at the commencement of the Future Aviation Forum in Riyadh, Saudi Arabia, marking Archer’s inaugural showcase
Aerospace and defence company Israel Aerospace Industries (IAI), has joined Sharp Technics K (STK) and Incheon International Airport Corporation in a ceremony marking the laying of the cornerstone for a joint Boeing 777 passenger-to-freight conversion facility in Korea. Senior officials and representatives from all three companies were present for the occasion. In collaboration with AerCap,
IAI commemorates milestone with STK and Incheon International Airport Read More »
Israel Aerospace Industries (IAI) Aviation Group has signed a long-term contract under which it will maintain and service PW4000 engines for Air Transport Services Group’s (ATSG) leasing company, Cargo Aircraft Management (CAM). The PW4000 engine maintenance will be carried out at IAI’s Bedek MRO division’s facilities, a world centre of knowledge in the field, and one
IAI to maintain PW4000 engines for ATSG Read More »
Israel Aerospace Industries (IAI), a leader in the Israeli military and commercial homeland defence and aerospace markets, has issued its consolidated financial statements for the nine months ended September 30, 2023. The company’s sales in the reporting period grew to about US$3,873 million compared with about US$3,601 million in the corresponding period of 2022, an
IAI releases consolidated financial statements Read More »
Israel Aerospace Industries (IAI) has delivered a Boeing 767-300ER to Challenge Airlines MT after completing conversion of the aircraft from a passenger-to-cargo configuration, at IAI’s conversion site facility in Belgrade. The aircraft is the first of four converted planes of this type, which IAI will redeliver under a contract signed in 2021, which also includes
IAI redelivers converted Boeing 767-300ER to Challenge Airlines Read More »
Israel Aerospace Industries (IAI) and Marana Aerospace Solutions, doing business as Ascent Aviation Services (Ascent), have officially entered into a long-term collaboration aimed at establishing a conversion facility dedicated to transforming Boeing 777-300ER passenger planes into freighters. Under this comprehensive agreement, IAI is slated to oversee the conversion of two lines of Boeing B777-300ER aircraft,
IAI, Ascent Aviation Services partner for Boeing 777-300ER P2F conversions Read More »
IAI 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
IAI’s gross profit, operating and net income reach record high Read More »
Israel Aerospace Industries (IAI) has signed a deal to acquire HELA Systems Private Limited, an ‘Indian subsidiary’ of ELTA Systems. IAI’s investment in Aerospace Services India is a strong demonstration of IAI’s support for the Indian government’s Atmanirbhar Bharat (Make in India) vision. The current deal also shows IAI’s commitment to its strong partnership with
IAI signs deal to acquire India’s HELA Systems Read More »
Israel Aerospace Industries (IAI), Israel’s largest national military and civilian security defence company, has reported that the company’s revenues in the first quarter of 2023 (Q1 2023) totalled US$1,279 million compared with US$1,200 million in Q1 2022, an increase of US$79 million arising mainly from the increase in revenues of the Systems Missiles & Space
IAI reports first-quarter revenues of US$1,279 million Read More »
