The Israel Aerospace Industries on Sunday posted its performance review for the first half on 2020, saying that with sales of over $2 billion, it has bested the company's performance of record for any quarter of half-year to date.
IAI also noted an increase of 7.6% in the its Q2 sales to about $1.06 billion, compared to $985 million in the corresponding quarter last year. Most of the increase, 18%, was recorded in the sales of the military divisions in the first half of the year, it said.
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The Aviation Division recorded a decrease of about 15% in sales. Net income was 64% higher: about $82 million in H1-2020 compared to $50 million in H1-2019.
