IAI's net profit rose 16% to $54 million for the first quarter from $46 million for the corresponding quarter of 2011, and revenue rose 4.3% to $894 million from $855 million. IAI said that its sales rose despite the continuing slowdown in the civilian aviation market, especially the lower demand for...
FULL ARTICLE AT Globes Online
The findings were released by the company in financial statement on Wednesday. Israel Aerospace Industries develops and builds military and commercial airplanes and defense systems.
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