Israel Aerospace Industries (IAI) is a state-owned company that manufactures products in the aerospace and aviation sectors.
The company is most well-known for their wide range of military equipment, producing and servicing a variety of drones, missiles, aircraft, and more. IAI also boasts a range of space hardware, including the EROS and Ofek satellites.
Despite the numerous military-centric products, which are made for the IDF and sometimes sold to foreign nations, IAI also has a number of products made for civilians, most famously the Gulfstream business jets.
The company is based in Lod and its current CEO is Boaz Levy.
IAI, a leader in defense and commercial markets that delivers state-of-the-art technologies saw sales increase to about $5.3 million in 2023, compared with about $4.9 million in 2022.
After a year and a half on the ground preparing for operational service Sky Dew finally launched on Sunday morning.
Rotem May-Tal, CEO of Asgard Systems, which specializes in military tech applications, spoke to Maariv about the innovative weapons in the war against Hamas.
The award symbolizes IAI’s contribution to Israel’s defense, both during the war and in peacetime.
Record-breaking order backlog of $16.6 billion
“This transaction joins a series of transactions in air defense systems signed recently, strengthening the company’s position as a world leader in the field,” said Boaz Levy, CEO of IAI.
In Berlin, Gallant and German Defense Minister Boris Pistorius will discuss security threats and regional challenges in Europe and the Middle East.
EXCLUSIVE: German Air Force Chief Lt.-Gen. Ingo Gerhartz told the Jerusalem Post the final contract will be signed by November.
Gallant told German counterpart Pistorius that the deal had "great significance for Israel and Germany from security, economic, and not least, symbolic perspectives."
The company boasted a 28% increase in net income in the first half of 2023 compared to the same time frame in 2022.
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