Aerospace Group:

IAI Posts 3rd Quarter Results

DDN

Tuesday, November 25th, 2008

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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…

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