Home- Defence & Security-Rafael Continues on Growth Trajectory

Rafael Continues on Growth Trajectory

Rafael Advanced Defence Systems Ltd. has announced sales figures for FY 2019 worth  US$2.7 billion, an increase of 3.9 percent as compared to 2018.

The company’s order backlog now stands at US$7.2 billion.

Rafael also concluded the sales of two Iron Dome batteries to the U.S. Army, along with on-time delivery of the first Trophy Active Protection Systems.

Rafael also received an urgent order from India for supply of Spike missile systems, in addition to a large order for Spike from Germany.

Additional orders were also added from users of its Litening Pod.

“As Rafael concludes the 2019 fiscal year, in addition to its significant contribution to developing and providing defense technologies, it is also engaged in the effort to find solutions for the COVID-19 and against its spread. We are certain that the company’s financial robustness will ensure its ability to face the coming uncertainties and challenges. These days, thanks to adequate preparation, we are able to carry out our work, while adhering to the Ministry of Health’s directives, and to maintain our commitments, with the relentless hard work of our outstanding men and women who consider this effort their mission,” said Maj. Gen. (Ret.) Yoav Har-Even, Rafael President and CEO.

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