Israel Aerospace Industries (IAI) reports record profits and orders in 2024

IAI’s total revenue grew by 15% to USD 6.1 billion in 2024, driven largely by the demand for military technology. The Swords of Iron conflict significantly boosted the company’s military division, with revenue rising by 15.5% to USD 5.1 billion.

Domestic sales accounted for 34% of total revenue, increasing to USD 2 billion from USD 1.5 billion in 2023. This rise reflects heightened demand within Israel, contrasting with shifts in the company’s international sales distribution.

Asia emerged as IAI’s largest market, contributing 36.2% of total sales, up from 29% in 2023. Meanwhile, sales to North America dropped from 18% to 14%, while European demand surged from 12.4% to 19.3%, influenced by the Russia-Ukraine war.

The company’s EBITDA rose by 19% to USD 792 million, reinforcing its financial stability. With a strong balance sheet and a growing order book, IAI remains a key player in the global defence sector.

The long-debated privatisation of IAI also remains unresolved. The company’s report acknowledges that there is no clear timeline for a public offering of its shares, leaving the future of its ownership structure uncertain.

IAI’s strong performance highlights its strategic importance in both local and international defence markets. However, political and regulatory uncertainties may continue to shape its trajectory in the coming years.