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- August 15, 2024
- 1:55 pm
- Israel
The Israeli defense company saw revenue and profit growth amid the war. Revenue increased 12% and net profit increased 22%. The order book increased 31% to $21.1 billion, a record high.
The growth is due to orders from the Israeli Defense Ministry. Arms sales increased by 37%, drones remained at the same level. Sales of IT products and cybersecurity systems also increased.
Facing problems in purchasing materials abroad and lack of production capacity: the company is building new factories while continuing to operate old ones. The CEO promises that the laser air defense system will be ready by 2025, attracting the attention of foreign customers.
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🌍 This article is also available in UK