IAI civilian sales down amid record highest grossing year

Israel Aerospace Industries (IAI) has published its full year 2023 results, highlighting a 49% increase in net income ($318 million) – the highest ever in company history. Elevated sales of $5,327 million also set a new record for the company. Despite the conflict ongoing in the area, Boaz Levy, CEO of IAI described a “year of significant and varied activities” across both military and commercial areas, with an overall gross profit for 2023 rising $143 million to $967. The company reported a 19% growth in EBITDA as well as a similar increase in operating income. Sales in IAI’s aviation group