Y continuen en su camino de soberbia imbécil, para que lso proyectos qu etienen con Estados Unidos o Europa se cancelen y queden más aislados.
Israel Aerospace Industries' 2009 Financial Figures (excerpt)
(Source: Israel Aerospace Industries; issued March 24, 2010)
--Net profit: $61 million--Profit before early retirement costs and taxes: $130 million--Sales: $2.9 billion--Backlog: $7.9 billion, up $0.8 billion from the beginning of 2009--Backlog as of March 15th 2010: $8.8 billion--Positive cash flow from current projects: $209 million
BEN GURION International Airport, Israel ---Sales reached $2.9 billion in 2009, compared to $3.6 billion in 2008. The decrease is a result of the worldwide economic crisis, which affected the company's commercial aviation activity. Sales in the fourth quarter of 2009 reached $761 million, compared to $803 million in the same quarter of 2008.
-- Gross profit totaled $436 million (15% of sales) during 2009, compared to $509 million (14% of sales) in 2008. Gross profit in the fourth quarter of 2009 reached $123 million (16% of sales), compared with $119 million (15% of sales) in the fourth quarter of 2008. The improvement in gross profit margin is due to the steps taken by company management to increase efficiencies and consolidate operations.
-- Research and development (R&D) investments were $122 million (4.2% of sales) in 2009, compared to $127 million (3.5% of sales) in 2008.
In the fourth quarter of 2009 the value of IAI R&D was $38 million (4.9% of sales). The extensive investments that the company makes in research and development, using internal financing, reflect the importance that IAI management places on new, innovative products and advanced technologies.
-- Administrative, marketing, and general (G&A) costs in 2009 totaled $193 million, compared with $197 million in 2008, a decrease of 3%. This decrease is owed to the company's continued efforts to cut down on costs, and to increase efficiency. In the fourth quarter of 2009, G&A costs totaled $53 million, a similar amount to those in the same quarter of 2008.
-- Employee retirement costs in 2009 totaled $46 million, compared with $58 million in 2008. These are part of a reorganization program that IAI implemented in 2006.
-- Net financing revenues reached $6 million in 2009, compared to net financing revenues totaling $28 million in the previous year. The company's financing revenues are primarily from currency hedging operations and from income from securities.
-- Profit before taxes in 2009 reached $84 million (3% of sales), compared with $109 million in 2008 (3% of sales).
-- Income taxes reached $23 million in 2009, compared with $18 million in the previous year. This increase in taxes is a result of the 2009-2010 Economic Arrangements Law, which includes an amendment to the Income Tax Ordinance (New Version) - 1961 that lowered the value of tax assets held by the company.
-- Net profit reached $61 million, compared with $91 million in 2008. This profit was attained despite the sharp decrease in the company's profit from its commercial aviation activities. The net profit for the fourth quarter of 2009 totaled $8 million.
-- Company Backlog as of December 31st, 2009 reached $7.9 billion, compared to $7.1 billion at the end of 2008, a net increase of $0.8 billion throughout 2009. The increase in backlog stems from the significant business deals that were completed in the military sector.
-- Positive cash flow from current projects in 2009 reached $209 million, compared to $123 million in 2008. This increase in positive cash flow reflects the company's financial stability and strength. (end of excerpt)
Click here for the full financial statement (HTML format) on the IAI website.
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