Israel Aerospace Industries, the country’s largest state-owned defense and aerospace firm, reported a net income of approximately $712 million, a 45% jump compared to the prior year, on revenue of $7.38 billion, which grew 21% year over year.
Those numbers land at a moment when global defense spending is surging, order books are swelling, and the Israeli government is actively exploring selling a minority stake in the company. IAI is positioning itself for a public market debut that could value it somewhere between $22 billion and $27 billion.
The numbers behind the momentum
IAI’s order backlog now exceeds $28 billion. For context, that backlog represents nearly four years of revenue at current run rates.
IAI operates across several segments including military aircraft, missiles, space systems, and commercial aviation. The company builds the Arrow missile defense system, produces satellites, and manufactures aerostructures for commercial aircraft.
