Israel’s IAI reports 23.5% increase in net income in Q1 2021 14 May 2021 (Last Updated May 14th, 2021 11:26)
IAI’s net income in Q1 2021 was $42m, up 23.5% from $34m in Q1 2020.
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IAI reported a 23.5% jump in net income in Q1 2021. In picture, IAI Harop UAV at Paris Air Show 2013. Credit: Julian Herzog.
Military and civilian security defence company Israel Aerospace Industries (IAI) has reported 23.5% net income growth in the first quarter of this year.
The figure jumped from $34m to $42m on a year-on-year basis.
The Military Groups recorded a nearly 39% increase in net income to $68m while the Aviation Group reported a net loss of around $8m.
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