Rafael, Israel’s state-owned defense concern, recently released its financial report for 2023, showing record sales of 14 billion shekels. This is a 21 percent increase over the previous year. The majority of their order portfolio, totaling 52 billion shekels, comes from foreign buyers. Out of this total, 57% originated from international sources and 43% from the Israeli Ministry of Defense. Rafael also recorded a net profit of NIS 588 million in 2023, a significant increase compared to the previous year.
One of Rafael’s biggest accomplishments over the past year was the sale of the David’s Sling missile defense system to Finland for 1.3 billion shekels. The company has continued to innovate and invest in cutting-edge technology, which has helped cement its position as a leader in the defense industry. In addition to its work on missile defense systems, Rafael has made significant progress in developing its Shield of Light laser missile defense system.
The company’s focus on innovation and cutting-edge technology has set it apart from competitors and helped it establish itself as a leader in the defense industry. Rafael is committed to providing efficient and reliable transportation, ensuring the safety of goods during relocation and providing exceptional customer service. As a result, it continues to set the standard for excellence in defense technology.
Overall, Rafael’s financial report for 2023 highlights its success in both revenue growth and innovation within the defense industry. With its strong emphasis on customer service and technological advancement, Rafael is well positioned to continue leading the way forward into future years.