Tue Feb 18th, 2025

Israel Aerospace Industries reports historic 74% revenue increase in 2024

November 21th 2024
The Searcher II and I-View UAVs from the Israeli company Israel Aerospace Industries. Photo: Anry skyhead, CC BY-SA 4.0, via Wikimedia Commons.The Searcher II and I-View UAVs from the Israeli company Israel Aerospace Industries. Photo: Anry skyhead, CC BY-SA 4.0, via Wikimedia Commons.

With a historic performance, Israel Aerospace Industries (IAI) reaffirmed itself throughout 2024 as a leader in innovation and technology, reporting a record financial result in the first nine months of the year, with a 74% increase in its net income.

In numbers, IAI achieved total revenues of $416 million and an unprecedented order backlog of $25 billion.

Amir Peretz, IAI President, said: “It is a great honor to report the three best years in the history of Israel Aerospace Industries since its founding.”

IAI CEO Boaz Levy said: “The unprecedented scope of our order book reflects not only IAI’s current capabilities, but also our future potential. Our systems play a critical role in the country’s defence, while also contributing to its economy.”

On the other hand, IAI's research and development expenses increased by 21.8%, from $174 million to $212 million in the latest period.

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