IAI reports profitability and growth for the 12th consecutive quarter

Israel Aerospace Industries (IAI) has reported its most profitable period in company history – with 17% growth in net income throughout the past three fiscal quarters. IAI reported an increase in sales in the third quarter of 2021 to approx. US$1.041 million and to approx. US$3.205 million throughout the past three fiscal quarters, which equates to growth of 17% in operating income throughout the period and 44% in Q3 to approx. US$52 million. IAI states that there was improvement in the commercial aviation division – significant increase in cargo conversions and MRO activity. “IAI presents another quarter of strong performance