IAI reports first quarter 2021 results

IAI reports first quarter 2021 resultsIAI reports first quarter 2021 results

Israel Aerospace Industries has reported a 23.5% increase in net income in the first quarter of 2021 to approx. US$42 million compared to US$33 million in Q1 2020. IAI posted a 10% growth in operating income to US$67 million (about 6.6% of sales) compared with US$61 million in the prior-year period. EBITDA grew by 17.6% to approx. US$120 million in Q1 2021. Gross profit amounted to approx. US$166 million (approx. 16.4% of sales) compared with approx. US$170 million (approx. 16.7% of sales) in Q1 2020. Sales in Q1 were relatively flat at US$1,015 million compared US$1,018 million in Q1 2020. The

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