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 »
Israel Aerospace Industries (IAI) has announced the signing of a deal to acquire Greece’s leading technology defence company, INTRACOM DEFENSE (IDE). The acquisition will integrate IDE into IAI’s business activities in Greece and Europe, while also providing solutions to the challenges faced by European countries. IDE specializes in the production of missile launchers, missile subsystems,
IAI signs deal to acquire INTRACOM DEFENSE (IDE) Read More »
Israel Aerospace Industries (IAI), through its defence electronics subsidiary, ELTA Systems, has been awarded with a contract to provide airborne Signals Intelligence (SIGINT) solutions to an international customer. The contract size including systems delivery and maintenance will surpass US$100 million (£80 million). Under the contract, ELTA will provide SIGINT systems and airborne communications suites for
Israel Aerospace Industries (IAI) has signed an agreement with Sharp Technics K (Sharp) and Incheon International Airport Corporation, to establish a facility for the passenger-to-freighter (P2F) conversion of Boeing 777-ERSF (Big Twin) aircraft. The signing ceremony took place at South Korea’s Incheon International Airport, in the presence of senior officials and representatives of each of
Israel Aerospace Industries (IAI)’s Bedek Aviation Group delivered the first B767-200 Bedek Special Freighter Configuration (BDSF) to Cargo Aircraft Management (CAM), after conversion from passenger to freighter configuration. Cargo Aircraft Management is a wholly owned subsidiary of Cargo Holdings International (CHI). CHI is owned by ABX Holdings, Inc. (ABXA). This is the thirty-fourth B767-200 passenger
IAI delivers first of four B767-200 Special Freighters Read More »
Israel Aerospace Industries has signed an exclusive three-year agreement for Pratt & Whitney JT9D new high pressure compressor (HPC) blades to be offered at the company’s engine Maintenance, Repair and Overhaul facilities. The full sets of new HPC blades are common to all Pratt & Whitney JT9D models, which are currently in service with more
IAI sign exclusive three year contract for JT9D engine upgrades Read More »
Israel Aerospace Industries (IAI)’s Bedek Aviation Group has signed a nine and a half year contract with the Israel Ministry of Defense (IMOD) to provide comprehensive and continuous maintenance services to the Israel Air Force (IAF) Heavy Transport Aircraft Wing. IAI estimates that the total full value of maintenance services to the IAF may reach
