Aerospace & Defense News - Defense Africa / Middle East.

 
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Apr 5, 2009

Israel Aerospace

Sluggish civil sales growth, a declining value of the Israeli shekel and falling interest rates helped push 2008 net profits at Israel Aerospace Industries down by 23% to $91 million despite a 9% rise in sales, to $3.6 billion. Fourth quarter sales were down 12% to $803 million. Civil sales, which account for 39% of IAI turnover, grew just 1% last year, while defence sales were up 14%. Apr 2, 2009

Qatar, Boeing

Qatar has confirmed plans to order two more Boeing C-17s by the end of the year. The move would double its planned fleet of the strategic transport. Military officials publicly disclosed plans for the new order after witnessing a ceremonial wing-body join event for Qatar's first C-17 at Boeing's Long Beach production facility in California on 26 March. Boeing and Qatar signed an initial agreement on 21 July 2008 for two C-17s, which are scheduled for delivery in the third quarter of this year. Apr 1, 2009

Rafael Advanced Defense Systems

Pre-tax profits last...

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