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’.
Tag: Israel Aerospace Industries
Gripen takes a hit in MMRCA race after US bullying: Report
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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
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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
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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
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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
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• 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 31, 2008, reach $7.1 billion, reflecting two years worth of sales
• Cash flow from current projects reaches $123 million
