Israel Aerospace Industries, Israel’s largest state-owned defense and aerospace group, posted record net profit of $449 million, a 45% year-over-year increase, with revenue of $7.38 billion, up 21%. The order backlog now exceeds $28 billion, representing nearly four years of revenue at current run rates. The Israeli government is considering selling a 25-30% minority stake as part of an IPO that could value the company between $22 and $27 billion. The company builds the Arrow missile defense system, produces satellites, and manufactures aerostructures for commercial aircraft.
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