Rafael saw record sales in 2024, with almost half from outside Israel

Rafael saw record sales in 2024, with almost half from outside Israel

Company sales hit $4.8 billion in 2024, with an order backlog of $17.76 billion, according to company financial statements.

Rafael Defense Systems Reports 64% Surge in Profits, Records Earnings for 2024

The Haifa-based Rafael said it reached NIS 17.8 billion ($4.84 billion) in sales, a growth of 27% from the previous year. “Rafael’s advanced systems, such as ‘Iron Dome,’ ‘David’s Sling,’ and ‘Windbreaker,’ saved thousands of lives and at the same time made it possible to conduct a war routine and provided breathing space for maneuvering forces,” said Rafael Chairman, Dr. Yuval Steinitz. “At the same time, this year we also continued the develop…

Rafael Defense Systems Sees 64% Profit Surge, Reports Record 2024 Earnings

Rafael reported a historic backlog of orders totaling NIS 64.8 billion ($17.6 billion), equivalent to 3.6 years of sales and marking a 24% increase from the previous year.

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Sales reached $4.8 billion in 2024 — up 27% year-on-year — with about half of those sales going to international customers, Israeli defense giant Rafael said in a statement. It also secured new orders worth $8.23 billion and net income of $257 million. The order book rose to $17.76 billion.

As NATO countries increase defense spending, high-tech UAB Brolis Semiconductors, which develops and manufactures semiconductor optoelectronic devices for the defense and security sectors, increased its revenue by more than 3 times in 2024, and earned more than 4 times more net profit than in 2023. Net profitability reached 21%.