Global Presence

IAI CEO, Nimrod Sheffer, is Stepping Down

A middle-aged man with short gray hair and glasses, wearing a dark suit, white shirt, and red tie, poses against a plain light gray background.

The CEO of Israel Aerospace Industries, Major-General (Ret.) Nimrod Sheffer, announced today, Wednesday, July 1, 2020, that he is stepping down following two years as the company’s CEO and six months as VP of strategic planning. Sheffer (59) joined IAI as VP of Strategic Planning 2.5 years ago after 36 years of military service as … Read more

IAI and Iron Drone Collaborate to Integrate Interception Capabilities into IAI’s anti-drone system, Drone Guard

Three electronic devices with large screens and stands are set up in a grassy field. A small drone is visible flying in the distance against a cloudy sky. Cables connect the devices on the ground.

Israel Aerospace Industries (IAI) and Iron Drone today announced that they have entered a collaboration agreement for the integration of interception capabilities into IAI’s advanced anti-drone system, Drone Guard. The intercepting drone can be launched during day or night from a docking station that hosts several ready-to-use drones. Several intercepting drones can be launched simultaneously … Read more

IAI secures contract with DHL International GmbH to convert additional Passenger Aircraft to the Cargo Aircraft Configuration

A large yellow DHL cargo airplane with red accents, possibly the result of passenger into cargo conversions, is taxiing on an airport runway under a clear sky. The DHL logo is visible on the side and tail of the aircraft.

Valued at tens of millions of dollars, the contract with German courier, parcel, and express mail company DHL International GmbH, comes during the increased demand for cargo aircraft stemming from the COVID-19 crisis Israel Aerospace Industries (IAI) will convert an additional three B767-300 passenger aircraft to cargo aircraft, with the potential for a fourth aircraft. … Read more

IAI Develops Model To Predict Medical Condition Progression of COVID-19 Patients

Three charts: a box plot on the left, a horizontal bar graph in the center, and a heatmap on the right. The IAI logo and Hebrew text appear in the upper left corner.

The AI-based model predicts the progression of a patient’s condition. It was developed by scientists from the Space and Missile Group using information from the Sheba Medical Center cloud database Israel Aerospace Industries (IAI) has developed a model that predicts the progression of the medical status of COVID-19 patients with artificial intelligence (AI), big data, … Read more

LORA Ballistic Missile Firing Trial Completed Successfully

A missile firing launches vertically from a platform on a ship in the middle of the ocean, leaving a trail of white smoke against a clear sky and calm water.

IAI has successfully completed an operational dual firing trial with the LORA Weapon System. The trial was held in the open sea to demonstrate LORA’s capabilities to an IAI customer Israel Aerospace Industries (IAI) has completed a dual operational firing trial with LORA (Long-Range Artillery Weapon System), a precise ballistic strike missile. The trial was … Read more

IAI’s Financial Statements for Q1 2020

A blue-tinted digital screen displays rows of financial data and grids, suggesting trading or economic information, possibly related to IAI revenue or a recent IAI press release.

Strong quarter for IAI: Continued growth in sales – surpassing USD 1 billion sales in the quarter. Continued growth in all financial parameters – net income, operating income, gross profit and EBITDA – all increased by double-digit percentages Growth in sales volumes to about USD 1,018 million compared to about USD 1,001 million in Q1 … Read more

The First Development Cycle of IAI’s Innovation Center Completed Successfully

A large group of people, dressed in business casual attire, stands in two lines facing each other in an office hallway, smiling at the camera.

The Innovation Center enables accelerated development of pre-seed solutions by in-house development teams The first development cycle of Israel Aerospace Industries (IAI) Innovation Center was successfully completed this week. The Innovation Center operates in collaboration with Starburst, a global accelerator that specializes in aerospace, and just completed its first 13-week cycle. During this time, three … Read more

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