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 to Supply Four Super Dvora Mk 3 Boats for Tens of Millions of Dollars
Apr 1 15
Israel Aerospace Industries Ltd. recently received a contract worth tens millions of dollars to supply four Super Dvora Mk 3 Fast Patrol Boat to an African military customer. All four boats will be built at IAI Ramta's facilities in Israel, and will be delivered during 2016. These newly ordered Super Dvoras will be used for coastal defense, EEZ and HLS missions.
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.
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