By Murdo Morrison2021-05-10T15:11:00+01:00
Boaz Levy, a 30-year Israel Aerospace Industries (IAI) veteran, has graduated to the top job at the state-owned group at one of the most promising periods in its seven-decade history. The once-turbulent business has just notched record revenues and healthy profits for 2020, despite the pandemic, and seen the emergence of a lucrative market in the Gulf following a landmark US-brokered peace accord with the United Arab Emirates (UAE) and Bahrain.
Source: Israel Aerospace Industries
Levy succeeded Nimrod Sheffer in November last year. His predecessor departed after just two years
This year IAI has also deepened long-standing ties with South Korea, one of its historically strongest export markets. In March, the company signed a memorandum of understanding (MoU) with Korea Aerospace Industries to develop loitering munitions for the country’s army. Because of its vulnerability to airborne threats, Israel has developed world-leading capabil