Tag Archive
IAI’s sales fall in ’09
Israel Aerospace Industries has seen a fall in sales in 2009 from 2008 and has attributed this drop to the economic crisis affecting the company's commercial aviation business. »
Israel Aerospace Industries declares 3rd Qtr results
Company sales for the third quarter of 2009 reached $678 million, compared to $877 million for the third quarter of 2008, a 23 percent decrease. »
Germany to lease Israeli drones for Afghan Ops
The German Army is to deploy the Israeli Heron UAV to increase their ISR capabilities in Afghanistan. »
Israel shows off robotic ‘mule’
Israel has developed a wheeled robot that serves as a pack animal and is designed to accompany troops on operations. »
IAF looks at enlisted ground staff to pilot UAVs
The Indian Air Force is looking at ground personnel to pilot its Unmanned Aerial Vehicles (UAVs) because of the existing shortage of pilots and is likely to allow qualifying PBORS (Personnel Below Officer Ranks) to become UAV pilots as well. »
Israeli Heron UAV makes mark on Brazil
IAI demonstrated the capabilities of the aircraft in Brazil under 'challenging, unpredictable' weather conditions during the tests conducted by Brazilian police last week for operations related to 'border security, and smuggling, natural resource theft, and drug trafficking concerns'. »
Gripen takes a hit in MMRCA race after US bullying: Report
The Jerusalem Post has reported that under US pressure the Israeli Defense Ministry has ordered the Israel Aerospace Industries (IAI) to withdraw from a project to jointly develop the Gripen IN with Gripen's parent company Saab. The Gripen IN is the aircraft Saab has been proposing to offer the Indian Air Force. »
’09 First quarter results of Israeli IAI
Israel Aerospace Industries' (IAI) backlog as of 31.3.09 reached $8.1 billion, which represents 2.3 years worth of sales. The positive cash flow from current activities, as of the end of the quarter, stood at $312 million, an increase of approximately $190 million compared to the end of the previous quarter. »
Israel tests Arrow weapon system successfully
According to the Israeli Ministry of Defense, this is the 17th experiment of Arrow intercept and the 11th examined, as they were developed as part of the improvement program, ASIP, the collaboration between Israel and United States. »
IAI denies wrongdoing in MRSAM deal
The allegations of impropriety raised against the $1.4 billion Medium Range Surface-to-Air Missiles contract with Israel Aerospace Industries have elicited a response from the IAI, which has come out with a guarded denial to these allegations by issuing a statement without naming any specific contract, customer or country. »
Release: Israel Aerospace Industries Financial Report ’08
• Sales in 2008 reach $3.6 billion, compared to $3.3 billion in 2007, an increase of 9 percent • $91 million net profit in 2008, compared to $118 million in 2007, a decrease of 23 percent • Profit before early retirement expenses reaches $195 million, compared to $157 million in 2007, an increase of 24 percent • Backlog as of December... »
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