Aerospace and Defense
Company Overview of Israel Aerospace Industries Ltd.
Israel Aerospace Industries Ltd. develops and produces military and commercial aerospace and defense systems worldwide. It provides space systems, including communication and observation satellites, launchers, ground stations and systems, and subsystems and components; and unmanned air systems comprising electro-optical payloads, inertial systems, maritime solutions, ground control and airborne systems, and data terminals. The company also offers defense systems; military aircraft and helicopters maintenance and upgrade services, including services for special mission aircraft, aero structures and wiring, training solutions and systems, operational support products and services, airborne sys...
Ben Gurion International Airport
Founded in 1953
Key Executives for Israel Aerospace Industries Ltd.
Chief Executive Officer and President
Chief Financial Officer and Executive Vice President of Finance
Executive Vice President of Operations
President of Europe Operations
Executive Vice President of ELTA Systems Ltd. Group
Compensation as of Fiscal Year 2014.
Israel Aerospace Industries Ltd. Key Developments
Israel Aerospace Industries Ltd. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
Mar 25 15
Israel Aerospace Industries Ltd. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2014. The company’s sales in the fourth quarter of 2014 totaled $975 million compared with $967 million in the corresponding quarter of last year, an increase of 0.8%. Sales for export in the fourth quarter of 2014 accounted for 79% of sales compared with 71% in the corresponding quarter of 2013. Operating income in the fourth quarter of 2014 totaled $45 million (4.6% of sales) compared with operating income of $8 million (0.8% of sales) in the corresponding quarter of 2013. Net income in the fourth quarter of 2014 totaled $2 million compared with net income of $7 million in the corresponding quarter of last year. The positive cash flows from operating activities in the fourth quarter of 2014 totaled $405 million compared with positive cash flows from operating activities of $39 million in the corresponding quarter of last year.
The company’s sales in 2014 amounted to $3,827 million compared to $3,642 million last year, a 5% increase. The increase in sales in 2014 arises from the increase in the activities of the majority of the company’s groups, particularly the activities of the Commercial Aircraft Group and the ELTA Group. Operating income in 2014 amounted to $141 million (3.7% of sales) compared with approximately $84 million (2.3% of sales) in 2013, an increase of 68%, which is explained by the increase in gross profit and the decrease in expenses in respect to the early retirement of employees as opposed to last year. EBITDA in 2014 amounted to $253 million compared with $199 million in 2013, an increase of 27%. Net income in 2014 amounted to $27 million (0.7% of sales) compared with $75 million (2% of sales) in 2013. The decrease in net income reflects an increase in all the profit parameters which was offset by the high non-cash tax expenses from exchange rate differences. The company’s negative cash flows from operating activities in 2014 amounted to $193 million compared with positive cash flows from operating activities of $550 million in 2013.
Israel Aerospace Industries and Alpha Design Technologies Sign Teaming Agreement for the Production of Mini-Unmanned Aerial Systems
Feb 11 15
Israel Aerospace Industries and Alpha Design Technologies signed a teaming agreement for the production and marketing of mini-Unmanned Aerial Systems (UAS) in India. The IAI-Alpha cooperation includes IAI's Bird-Eye 400 and Bird-Eye 650 mini UAS as well as other mini-unmanned aerial systems, to accommodate the operational needs of Indian customers. Production of the systems will take place in India, while the marketing will be a joint effort of the two companies. Integration of additional applications and subsystems will be performed by Alpha in India with IAI's support.
Israel Aerospace Industries Introduces New Business-Jet Based Maritime Patrol Aircraft
Feb 9 15
Israel Aerospace Industries introduced the new generation ELI-3360 Maritime Patrol Aircraft (MPA) based on a modified Bombardier Global 5000 business-jet platform. Designed by IAI's ELTA Group to provide maritime domain situational awareness and maritime superiority, the new MPA provides the most sophisticated surveillance, reconnaissance and armament systems to be installed on a business-jet to date. The system incorporates the advanced ELTA ELM-2022 Maritime Patrol Radar, an electro-optical sensor, the ELL-8385 ESM/ELINT system, and a comprehensive communications suite comprising radios, broadband SATCOM and data-links as well as advanced Electronic Warfare (EW) and self-protection Suite. The integrated multi-mission Command and Control Suite includes multi-purpose operator workstations and a weapon and stores management system which controls the under-wing weapons that may include torpedoes and anti-ship missiles for Anti-Submarine Warfare (ASW) and Anti Surface Warfare (ASuW) as well as dispensable Search and Rescue (SAR) stores. The new generation ELI-3360 joins IAI's series of Special Mission Aircraft (SMA), and is based on IAI's 30 years of experience in supplying advanced maritime domain sensors and integrated systems to customers worldwide. IAI's line of business-jet SMA includes the operationally proven Gulfstream G550 Conformal Airborne Early Warning (CAEW), and the G-V Signal Intelligence Aircraft (SEMA) - the business-jet based mission aircraft. Since IAI's pioneering conception of business-jet SMA, the SMA market has moved steadily over the past decade towards cost-effective business jets. High endurance, speed, range and multi-mission versatility of such SMAs is unmatched by large commercial transport aircraft or turbo-props.
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