Israeli State Defense Concern Rafael Reveals Record-Breaking Sales and Advanced Technology in 2023 Financial Report

Rafael reports record-breaking sales in Defense sector

Rafael, the Israeli state defense concern, recently released its financial report for 2023. The report revealed that the company had achieved record-breaking sales of 14 billion shekels, a 21% increase from the previous year. A significant portion of their order portfolio, totaling 52 billion shekels, came from foreign customers. Out of this amount, 57% originated from international sources and 43% from the Israeli Ministry of Defense.

In addition to their impressive sales figures, Rafael also saw a net profit of NIS 588 million in 2023, marking a 17% increase from the year before. The company’s largest deal of the year was the sale of the David’s Sling missile defense system to Finland for 1.3 billion shekels.

Over the past year, Rafael has made significant advancements in its focus on innovation and cutting-edge technology. The company introduced the world’s first interceptor missile for supersonic missiles, Sky Sonic. Additionally, Rafael made significant progress in developing their Shield of Light laser missile defense system. These advancements have solidified Rafael’s position as a leader in the defense industry.

Rafael is committed to providing efficient and reliable transportation and ensuring the safety of goods during relocation. The company delivers exceptional customer service and continues to set the standard for excellence in defense technology.

Sophia Reynolds

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