:

IAI Posts 3rd Quarter Results

DDN

Tuesday, November 25th, 2008

SHARE:

Israel Aerospace Industries (IAI) last week released third quarter financial results showing $877 million in quarterly sales, up 10 percent from the same period last year, and a backlog standing at $7.44 billion. Nine-month sales for the period ending Sept. 30 reached $2.8 billion and were up 17 percent compared to the same stretch in 2007. Sales to the civil market accounted for 40 percent. "Despite the slowdown in the international civil aviation market and the difficulties still ahead, IAI…

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]

Congress

All Future Systems Should Have Autonomy Features, Reed Says

Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]