IAI ended 2021 with a record profit of $ 148 million – an increase of 11%. Sales increased from $ 4.2 billion to $ 4.8 billion. The backlog increased to $ 13.4 billion. The balance of liquid cash amounts to $ 905 million. The company has invested about $ 1 billion in research and development. The war in Ukraine has increased the backlog of orders, and this will be reflected in the results of the first quarter of 2022.
The aerospace industry also manufactures the 280G executive jet, marketed through the American Golf Stream. The Corona period has led to an increase in orders for private jets, and further growth is expected.
Amir Peretz, chairman of the board, who signed the reports for the first time, said: “Despite the positive results, we have a long way to go, and we will strive to achieve results that put us in line with the profit results of other defense companies in Israel and around the world. The other task is the IPO. Confirmation of confidentiality awaits the Deputy Speaker and his signature. Until that happens, we will be prepared so that as soon as we receive the approval, we can set off and carry it out as quickly as possible. “
The company’s CEO Boaz Levy has confirmed that it will go public later this year after reaching an understanding with the workers and government ministries dealing with the issue. He said: ” To provide a solution at sea, on land, in the air and in space. ”
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