 Israel Aerospace Industries (IAI)Company Description:Israel Aerospace Industries (IAI) is globally recognized as a leader in the development of both military and commercial aerospace technology. This distinction is the result of nearly a half-century of designing, engineering and manufacturing for the Israel Ministry of Defense and customers throughout the world.To evolve from a relatively small operation to become an industry leader, a company must be both versatile and highly motivated, innovative and competitive. IAI was established with these qualities, and continues to build upon them with its years of ongoing acquired experience. IAI’s goal is to continue to initiate and achieve technological breakthroughs characterizing the best in the industry, both in the military and commercial arenas. Company sales for the first six months of 2006 totaled more than $1.3 billion, compared to $1.1 billion in the same period in 2005, an increase of 18 percent. IAI's net profit for the first six months of 2006 totaled $74 million, before special re-organization expenses ($48 million after expenses), compared to $25 million for the same period in 2005. In the currently prevailing business environment, IAI brings to bear one of its main strengths, namely diversification in the company's lines of business. The importance of business segments such as Low Intensity Conflict (LIC) and Homeland Security (HLS) has grown considerably worldwide and consequently IAI is investing more resources and efforts to leverage its solutions in these areas. Special emphasis is placed on integrating IAI’s Group and Divisional activities so as to provide our customers with wide-ranging and integrated solutions. As of February 8, 2006, IAI's President & CEO is Mr. Itzhak Nissan, while the Chairman of IAI’s Board of Directors is Mr Yair Shamir. Worldwide Headquarters:
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