Israel Aerospace Industries (IAI) announced a 2008 third quarter net profit of $16 million (after a $16 million provision for employee-related expenses, compared with $6 million employee-related expenses for the third quarter of 2007). Company sales for the third quarter of 2008 reached $ 877 million, compared with $797 million for the third quarter of 2007, an increase of 10 per cent.

IAI's back log of orders totaled approximately $ 7.44 billion as of September 30, 2008. Read the report at this site.