IAI posts record $449M profit, says IPO is ‘closer than ever’
Israel Aerospace Industries reported the strongest results in its history, with first-half net profit jumping 40% to $449 million from $320 million in the same period last year. In the second quarter alone, net profit rose 47% to $229 million, compared with $156 million in the corresponding quarter. The state-owned defense company’s order backlog also…
