Israel Aerospace Industries (IAI) reports record-breaking performance with $416 million in net income and a $25 billion order backlog in 2024's first nine months. Net income soared 74% to $416 million and order backlog hit an all-time high of $25 billion. Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 33% to $646 million. Gross profit growth reached approximately $836 million, and sales grew by 13% to $4.393 million. In-house research and development expenses rose by 21.8% to $212 million. IAI's performance reflects its role in defending Israel and its commitment to economic growth and social development.
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Original article source: https://www.jpost.com/business-and-innovation/article-830045
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