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 2015.
Israel Aerospace Industries Ltd. Key Developments
Israel Aerospace Industries Ltd. Reports Earnings Results for the Six Months Ended June 30, 2015
Aug 27 15
Israel Aerospace Industries Ltd. reported earnings results for the second quarter ended June 30, 2015. For the quarter, the company’s sales amounted to USD 928 million compared to USD 939 million in the corresponding quarter of 2014, a decrease of 1%. The decrease in sales in the second quarter compared with the corresponding quarter of last year is mainly a result of the decrease in the revenues of the Systems Missiles & Space Group and the decrease in the revenues of the Commercial Aircraft Group. Operating income amounted to USD 11 million compared with USD 18 million in the corresponding quarter of 2014, a decrease of approximately 40% explained by the decrease in gross profit coupled with an increase in expenses for the early retirement of employees and in research and development expenses. EBITDA amounted to USD 38 million compared with USD 49 million, a decrease of about 22% which is mainly the result of the decrease in operating income. Net income amounted to USD 20 million compared with USD 12 million in the corresponding quarter of 2014, an increase of about 67%. The increase in net income is mostly a result of the increase in net tax income. Negative cash flow from operating activities in Second Quarter 2015 amounted to USD 105 million compared with negative cash flow from operating activities of USD 132 million in the corresponding quarter of 2014. The negative cash flow from operating activities arises mainly from changes in the company's working capital items mainly an increase in income receivable from work in progress, a decrease in payables for work in progress and an increase in trade receivables.
Israel Aerospace Industries to Supply its Cyber Training Center to Dai Nippon Printing in Japan
Aug 26 15
Israel Aerospace Industries (IAI) has signed a contract to supply Dai Nippon Printing (DNP) of Tokyo, Japan, its TAMETM Range, the Cyber Range training platform and certification for cyber warfare teams. TAMETMRange provides its users with authentic, hands-on training in a controlled environment, using real-world cyber threats. While practicing, users gain practical knowledge as they are required to handle actual cyber-attacks - based on most recently discovered threats. The TAMETMRange curriculum covers all aspects of cyber warfare, including threat identification, incident management, mitigation, and forensics. It provides in-depth training on the tools and techniques that are under a team's command when a real attack actually occurs.
Israel Aerospace Industries Ltd. Unveils Innovative Robot Container Management and Storage System for Seaports
Jul 29 15
Israel Aerospace Industries Ltd. unveiled an innovative robot container management and storage (RCMS) system for seaports. The system will facilitate more efficient management of storage space and operation of containers, with free and rapid access to each container before loading and unloading ships. The system is so far confined to simulation clips produced by IAI. Huge spaces currently taken up by containers in seaports will become available. The containers will be stored in multi-storey buildings to be built near the loading and unloading platforms, and will be removed from and returned to the building by the robot system operated from the command and control center. Loading and unloading of containers is performed simultaneously by an innovative robot system that saves significant personnel costs. The same work now done by hundreds of workers can be done more efficiently by just a few dozen - most of them operators sitting in the command and control room and maintenance staff. The IAI system recently won contracts from the European Union Horizon 2020 Framework Program for Research and Innovation to lead a consortium in partnership with various companies, seaports, and academic research institutes all over Europe for the purpose of promoting the venture. IAI believes that an initial prototype of the innovative facility will be built within 30 months at a European seaport. Components in the robot vehicles designed to transport the containers in the new system were developed in the framework of a different civilian robotics program at IAI - TaxiBot, designed for hauling passenger jets on the ground. This vehicle drags airplanes from where the passengers are collected on the terminal to the takeoff point, without the airplane operating its engines, which consumes large quantities of expensive jet fuel. Three TaxiBot vehicles are already used by German airline Lufthansa, after the system received a license for hauling narrow-body passenger airplanes last year. Work on building infrastructure for initial trials of the IAI Skytran elevated traffic system began today, based on magnetic hovering technology. It is believed that initial trials of the system will take place in 2016. These are civilian systems whose development IAI is based on technologies and know-how developed for defense purposes. Through these conversions, IAI hopes to expand its sales in the coming years in civilian markets.
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