IAI posts US$44 million net loss for 2018

Israel Aerospace Industries (IAI), Israel’s largest national military and civilian security defense company, has issued its consolidated financial statements for the year ended December 31, 2018.

IAI has recorded an annual increase of US$2.3 billion in order backlog, reaching a record scope of approximately US$13.5 billion at the end of 2018. The Company reported sales totaling USD$ 3.7 billion, representing a 5% increase in sales compared to last year, and a net loss of US$44 million.

The Company has cash balances in the aggregate of approximately US$1.5 billion and positive cash flows from operating activities totaling US$313 million.

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